developing countries Current Affairs, GK & News

PM Modi to attend 12th BRICS Summit

On November 17, 2020, Prime Minister Narendra Modi is to attend the 12th BRICS summit that is to be hosted by Russia. The summit is to be held under the theme “Global Stability, Shared Security and Innovative Growth”. The BRICS members to participate in the meeting are China, India, Brazil, Russia and South Africa. Key ..

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IMF: World Economic Outlook

On June 24, 2020, the International Monetary Fund projected a sharp decline in the growth of Indian Economy. According to the IMF, the Indian economy is to contract by 4.5%. Highlights According to IMF, though India’s growth is to decline, the country will bounce back in 2021 with a growth rate of 6%. Global Projections ..

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Global Economic Prospects Report, 2020 by World Bank

The World Bank recently launched the Global Economic Prospects Report, 2020. The report highlighted the impact of COVID-19 on countries. Key findings of the report The report says that the Emerging Market and the Developing Economies are highly vulnerable. They face health crisis, external shocks, restrictions, tourism, falling trade, capital outflows and commodity prices. These ..

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India to attend NAM Summit

On May 4, 2020, PM Modi will attend the NAM Summit representing India through a video conference. The Summit is to discuss COVID-19 challenges and solutions. Highlights This is the first NAM Summit being attended by the Mr Modi since he was sworn in as the Prime Minister in 2014. Mr Modi both the summits ..

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India attends Development Committee Meeting of IMF-World Bank

On April 17, 2020, India attended the Development Committee meeting of World Bank-International Monetary Fund. India was represented by the Finance Minister Smt Nirmala Sitaraman. Highlights India participated in the 101st meeting of the development committee that was held through video conference. The experts that attended the meet discussed response to COVID-19 emergency and COVID-19 ..

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