Page-7 of Economic growth

AIIB approves 500 million USD for India

May 9, 2020

On May 8, 2020, the AIIB (Asian Infrastructure Investment Bank) approved 500 million USD to COVID-19 to India. The funds were aimed to scale up the containment efforts and strengthen the health system. This will help manage future outbreaks. Highlights ..

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Asia Pacific Economic Cooperation: Economic Decline of 2.7% expected in the region

April 29, 2020

The Asia Pacific Economic Cooperation has stated that the APEC region is to face an economic decline of 2.7% in 2020 due to the impact of COVID-19. Also, the region is to face near growth rate. This will be the ..

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UNCTAD cancels 1 trillion USD debts owed by developing countries

April 24, 2020

The United Nations Conference on Trade and Development (UNCTAD) has announced that it is to cancel over 1 trillion USD of debt owed by developing countries. Highlights According to the UNCTAD, over 64 low-income countries spend more on debts than ..

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Fifteenth Finance Commission to assess impacts of COVID-19

April 21, 2020

The Economic Advisory Council of the Fifteenth Finance Commission is to meet on April 23 and 24, 2020. The council is to discuss the impacts of COVID-19. Highlights A two-day meeting is to be held through video conference. The experts ..

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AIIB to finance 500 million USD projects to strengthen National Health Care Systems

April 17, 2020

The Asian Infrastructure Investment Bank is to finance 500 million USD projects in India to help the country improve its health care systems. AIIB is currently doubling its funds under COVID-19 Crisis Recovery Facility. Highlights The funding is to be ..

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India attends G20 Finance Ministerial Meeting

April 16, 2020

On April 15, 2020, Finance Minister Nirmala Sitaraman attended G20 Finance Minister meet. The Minister shared the policy measures being implemented by the Government of India and RBI. Action Plan The outcome of the virtual financial ministerial meet is as ..

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