[Both 1 and 2] With reference to the International Monetary and Financial Cornmittee (IMFC), consider the following

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With reference to the International Monetary and Financial Cornmittee (IMFC), consider the following statements :
1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work.
2. The World Bank participates as observer in IMFCs meetings.
Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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