Which of the following statements is not true?Select one:a.All International Financial Institutions admit only sovereign countries as owner-members, but all are characterized by a broad country membership, including both borrowing developing countries and developed donor countries.b.Each International Financial Institution (IFI) has its own independent legal and operational status, but because a considerable number of countries have membership in several IFIs, a high level of cooperation is maintained among them.c.Membership in the regional development banks is limited to countries from the region.d.The International Monetary Fund and World Bank are specialized agencies in the United Nations system.
Question
Which of the following statements is not true?Select one:a.All International Financial Institutions admit only sovereign countries as owner-members, but all are characterized by a broad country membership, including both borrowing developing countries and developed donor countries.b.Each International Financial Institution (IFI) has its own independent legal and operational status, but because a considerable number of countries have membership in several IFIs, a high level of cooperation is maintained among them.c.Membership in the regional development banks is limited to countries from the region.d.The International Monetary Fund and World Bank are specialized agencies in the United Nations system.
Solution
The statement that is not true is: "Membership in the regional development banks is limited to countries from the region." This is not always the case. For example, the Asian Development Bank includes members from outside Asia, such as the United States and several European countries.
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