International Finance Corporation Current Affairs, GK & News

Indian American appointed as US representative to IBRD

On May 5, 2020, the US President Donald Trump had nominated Indian American Ashok Michael Pinto as the US representative to IBRD (International Bank of Reconstruction and Development). Highlights Mr Pinto replaced Erik Bethel. Mr Bethel resigned from the post. Pinto was serving the Counselor to Under Secretary for International Affairs in the department of ..

Month: 

Category: 

Topics: 

U20 Mayoral Summit

The second U20 Mayoral Summit held in Tokyo, Japan called on global leaders to act fast on climate change, social inclusion and sustainable economic growth in the 2019 Urban 20 Tokyo Mayors Summit Communiqué. The Communiqué was submitted to Japanese Prime Minister Shinzo Abe. The Communiqué was signed by the leaders of: Amsterdam, Berlin, Brussels, ..

Category: 

Topics: 

Kerala to Tap Masala Bond Market

The state-owned Kerala Infrastructure Investment Fund Board (KIIFB) debuted its ‘masala bond’ issue of Rs 2,150 crore at the London Stock Exchange. With the issue, Kerala has become the first Indian state to tap into masala bond market. The proceeds from the bond issue are slated to be used to part-finance the rebuilding of infrastructure ..

Topics: 

David Malpass elected as new President of World Bank

David Malpass, a top US Treasury official in Trump administration, was unanimously selected as the new President of the World Bank for a period of five-years. The World Bank President is Chair of Boards of Directors of the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA). The President is also ex ..

Topics: 

IBBI Signs Cooperation Agreement with IFC

The Insolvency and Bankruptcy Board of India (IBBI) has signed a cooperation agreement with the International Finance Corporation (IFC) to assist IBBI in further building the capacity of insolvency professionals and insolvency professional agencies for the purpose of the bankruptcy code. Strengthening IBBI IBBI established under the Insolvency and Bankruptcy Code, 2016 provides a platform ..

Month: 

Topics: