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CURRENT AFFAIRS - ICSI

CURRENTAFFAIRSC hapter1 International andNational Affairs12 Financial Affairs463 Political Affairs584 Legal and Other Affairs75 Lesson 1 INTERNATIONAL ANDNATIONAL AFFAIRS1 CURRENT Affairs2 INTERNATIONAL MONETARY FUNDThe International Monetary Fund (IMF) is an organizationof 189 countries, working to foster global monetarycooperat ion, secure financial st abilit y, facilit at einternational trade, promote high employment andsustainable economic growth, and reduce poverty aroundthe in 1945, the IMF is governed by and accountableto the 189 countries that make up its IMF's primary purpose is to ensure the stability of theinternational monetary system the system of exchangerates and international payments that enables countries(and their citizens) to transact with each other.

BRICS BRICS is an informal group of states comprising the Federat ive Republic of Brazil, the Russian Federation, the Republic of India, the People s Repub lic of China and the Republic of South Africa. On 20 September 2006, the first BRICS Ministerial M eeting was held at the proposal of Russian President

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