Which of the following statements is/are correct regarding the World Economic Outlook (WEO) and the International Monetary Fund (IMF)?
1. The World Economic Outlook is a flagship report published by the World Bank.
2. Special Drawing Rights (SDRs) are an international reserve asset created by the IMF to supplement the official reserves of its member countries.

Question

Accepted Answer

B. 2 only — Statement 1 is incorrect because the World Economic Outlook is published by the International Monetary Fund (IMF), not the World Bank. Statement 2 is correct; SDRs are supplementary foreign exchange reserve assets defined and maintained by the IMF to provide liquidity to member nations.

IMF World Economic Outlook Update

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