Subject: International Organisation Context : Finance Minister addressed Plenary meeting of International Monetary anfd financial committee through video conferencing. Concept : International Monetary and Financial Committee It is the Ministerial-level committee of the International Monetary Fund (IMF). It meets twice a year, once during the Fund-Bank Annual Meetings in October and once during the Spring […]
Subject: International Organisation Context :Pakistan has been re-elected to the United Nations Human Rights Council despite opposition from activist groups over its abysmal human rights records Concept : The UNHRC The UNHRC describes itself as an inter-governmental body within the UN system responsible for strengthening the promotion and protection of human rights around the globe. […]
Subject: International Organisation Context: Pakistan likely to remain on FATF grey list. Concept: Financial Action Task Force The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 during the G7 Summit in Paris. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures […]
Subject: International Organisation Context: 2020 Nobel Peace Prize to the UN agency World Food Programme (WFP) for its efforts to combat hunger, for its contribution to bettering conditions for peace in conflict-affected areas and for acting as a driving force in efforts to prevent the use of hunger as a weapon of war and conflict. […]
Subject: International Organisation Context: The World Bank expects India’s economy to contract by 9.6% in 2020-21, revising its earlier estimate in June that output will shrink by just 3.2% amidst the COVID-19 pandemic. This revision reflects ‘the impact of the national lockdown and the income shock experienced by households and firms’. Concept: The World Bank […]
Subject: International Organisations Context: Tamil Nadu government’s nodal agency for investment promotion and single window facilitation, has partnered with the World Economic Forum (WEF) to establish India’s first advanced manufacturing hub (AMHUB) Concept: World Economic Forum: The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and […]