G20 Current Affairs, GK & News
The G20 Finance Ministers recently nodded to the International Monetary Fund to provide fresh Special Drawing Rights to its member countries. The IMF has been permitted to provide SDR of worth 650 million USD to the member countries. This will help boost the reserves of all nations and will avoid pushing low-income countries into further ..
The World Bank and International Monetary Fund have launched a platform to advise the poor countries on funding for conservation and climate activities. Both the financial organizations will use the platform to factor climate change into negotiations about reducing debt burdens of poor countries. Current Scenario According to the World Bank and IMF, there prevails ..
Category: International Current Affairs
The Finance Minister of India, Nirmala Sitharaman, attended the G20 Central Bank Governors’ meeting on February 26, 2021. This was the first ever G20 Central Bank Governors’ meeting that was held under the Italian Presidency. Highlights During the meeting, the finance minister highlighted regarding the India’s policy response with respect to COVID-19 pandemic and the ..
Category: Summits and Conferences
The International Financial Services Centres Authority recently became an associate member of the International Organization of Securities Commissions (IOSCO). What are the benefits of IOSCO membership? The IOSCO works closely with the Financial Stability Board (FSB) and the G20 nations, to set up the standards that strengthen the securities markets. According to FSB, IOSCO membership ..
Category: Economy & Banking Current Affairs
The Union Minister of Environment, Forest and Climate Change Shri Prakash Javadekar recently launched the India Climate Change knowledge portal. The portal will hold major information about the steps taken by the government at both National and international levels to address climate change issues. It will act as a single point information source providing information ..
Category: Environment Current Affairs