Argentina is the country with the highest financial debt to the International Monetary Fund (IMF), with a significant outstanding debt amount exceeding $40 billion.

The World Trade Organization (WTO) was established as the successor to the General Agreement on Tariffs and Trade (GATT).

The Maastricht Treaty, signed in 1992, legally established the European Union and expanded its roles beyond economic cooperation.

The global trade system largely operates under Neo-Liberalism, which emphasizes free markets, trade liberalization, and minimal government intervention in the economy.

Global Civil Society institutions often focus on social justice issues such as Minority Rights, human rights, environmental protection, and poverty alleviation, rather than economic or energy-specific policies.

The European Commission functions as the executive body of the EU, proposing legislation and ensuring EU laws are implemented.

The AIIB mainly finances projects, especially those tied to China’s Belt & Road Initiative.

The Bundestag is Germany’s lower house of Parliament, while the Bundesrat represents the federal states.

In France, executive power is primarily exercised by the President and the Prime Minister, with the President holding a significant amount of authority.

Ireland is not part of the United Kingdom; the UK consists of England, Scotland, Wales, and Northern Ireland.

The AIIB currently has 110 member states, reflecting its growing influence.

The American system is a Federal Republic and a Constitutional Republic, but it does not have a Parliamentary system. The U.S. follows a Presidential system where the executive is separate from the legislature.

The Association of Southeast Asian Nations (ASEAN) is a comprehensive organization encompassing elements of Political-Security, Economic, and Socio-Cultural Communities. Therefore, no single option fully captures its classification.

The IMF’s recommendations to countries often involve Structural Adjustments designed to stabilize and reform economies.

Turkey, Nepal, and Argentina are all members of the IMF, so None of these is correct.

Germany is a Federal Parliamentary Democracy, meaning it has a federal structure with both state and federal governments, and the executive (Chancellor) is accountable to the legislature (Bundestag).

The European Union evolved from the European Economic Community (EEC), established to promote economic integration.

The Asian Infrastructure Investment Bank (AIIB) is an alternative to the World Bank, providing development funding focused on Asia.

France operates a Semi-Presidential System where both a President and a Prime Minister share executive power.

In the UK, the Monarch is the Head of State, while the Prime Minister serves as the Head of Government.