International Monetary Fund,World Bank,AIIB, ADB and India

Yet to receive a request from Cuba for IMF membership: IMF chief

  1. News: Cuba has not yet made a request for membership of the IMF, the fund’s chief said
  2. Context: IMF chief’s comments came just days after European Union(EU) and Cuba signed an agreement in Havana to establish normal relations
  3. Why? For bringing Communist-run island further into the international fold and paving the way for full economic cooperation with the 28-member bloc
  4. Relevance: Cuba was one of the founding members of the IMF until it quit in 1964

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