Page-4 of International development Current Affairs, GK & News

Nepal signed $635 million of United Nations Development Assistance Framework (UNDAF) for 2018-2022

Nepal has recently signed a $635 million United Nations (UN) assistance package for 2018-2022 to lay out the country’s development strategy for the next five years. The package involving 26 individual UN agencies, spans interventions aimed at assisting in four broad areas: inclusive economic growth, social development, resilience, climate change adaptation and disaster risk reduction, ..

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Underdevelopment: Concept and Meaning

World Development Report categorizes economies on the basis of income in three categories viz. high income, middle income and low income economies. Usually, high income countries are known as developed / advanced economies while low income countries are known as underdeveloped economies. Developed or advanced economies are also characterised by high standard of living, universal ..

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Government to introduce financial literacy in school education

  The government plans to launch financial literacy in the school curriculum very soon. The knowledge of Financial & Capital markets will be disseminated in the form of primary and secondary curriculum. Objective: Enhance the household contribution into equity markets Reduce over-dependency of the economy on foreign capita Promote domestic investment and make Retail investors ..

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Nepal gets $20 million as loan from OFID

The OPEC Fund for International Development Fund (OFID) will provide a loan help of $20 million to Nepal. The loan is aimed at assisting Nepal’s Rural Connectivity and Community Development Project It will be utilized to promote rural, economic and social development through small scale infrastructure and capacity building sub- projects

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The 2010 Legatum Prosperity Index

The Legatum Prosperity Index is a report by the Landon-based Legatum Institute. The 2010 report places India’s rank at 88 in a ranking of prosperity of 110 countries. The prosperity index is based on 89 variables over 110 countries, grouped into 8 sub-indices taking into account both economic growth and citizen’s quality of life. As ..

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