Which are the institutions that are part of Washington Consensus?
A. International Monetary Fund
B. World Bank
C. World Trade Organization
D. U.S. Treasury Department
Choose the correct answer from the options given below:

Correct option is B

The Washington Consensus refers to a set of economic policy recommendations for developing countries, primarily associated with institutions like:
· International Monetary Fund (A): Focuses on macroeconomic stability and structural reforms.
· World Bank (B): Provides financial and technical assistance for development projects.
· U.S. Treasury Department (D): Played a role in shaping the policy agenda of the Washington Consensus.
The World Trade Organization (C) is not directly part of the Washington Consensus, as its focus is more on trade liberalization.
Information Booster:
1. The term Washington Consensus was coined in 1989 by economist John Williamson.
2. It advocates for fiscal discipline, trade liberalization, and privatization.
3. The IMF often supports developing countries through stabilization programs.
4. The World Bank assists in poverty reduction and infrastructure development.
5. U.S. Treasury plays a significant role in formulating international financial policies.
6. The WTO governs international trade agreements and dispute resolution.