question archive Statement 1: The Bangko Sentral shall represent the Government in all dealings, negotiations and transactions with the International Bank

Statement 1: The Bangko Sentral shall represent the Government in all dealings, negotiations and transactions with the International Bank

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Statement 1: The Bangko Sentral shall represent the Government in all dealings, negotiations and transactions with the International Bank. Statement 2: The Bangko Sentral may be authorized by the Government to represent it in dealings, negotiations or transactions with the International Monetary Fund for Reconstruction and Development and with other foreign or international financial institutions or agencies.

which statement is correct or false? Or both?

 

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Both are false. Bangko Sentral is an institution that is independent from the government.