Consider the following statements about a country and identify it-1- It has become the 189 th member of the International Monetary Fund IMF and World Bank-2- It is a tiny South Pacific island nation-3- It is one of the 14 members of the Pacific Islands Forum countries who had signed the Pacific Island Countries Trade Agreement PICTA aims to establish a free-trade area-

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Byju's Answer

Standard IX

Civics

IMF and World Bank

Consider the ...

Question

Consider the following statements about a country and identify it:

Kiribati

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Micronesia

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Nauru

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Niue

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Solution

The correct option is C Nauru
The Republic of Nauru, a tiny South Pacific island nation, has become the 189th member of the International Monetary Fund (IMF) and World Bank. By joining the World Bank (WB), Nauru will get access to financial support, technical support and special expertise in dealing with Pacific area issues like water and sanitation and disaster risk management amid the threat of climate change and rising sea levels. With the IMF, Nauru can benefit from the crisis lender’s advice on managing government finances and monetary policy.

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