International Monetary Fund Current Affairs, GK & News

SIPRI report on Military Spending

The Stockholm International Peace Research Institute recently released its “Trends in world Military Expenditure” report. According to the report, the top military spenders in the world are the United States, China and India. These three countries alone contributed 62% global military expenditure. Key Findings of the Report In 2020, the US spent 778 billion USD ..

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IMF: Solidarity Tax on Pandemic Winners

The International Monetary Fund recently announced Solidarity Tax on Pandemic Winners. That is, the companies that prospered during COVID-19 crisis should pay additional tax to show solidarity towards those hit hardest by the pandemic. About the Solidarity Tax suggested by IMF It is a temporary tax. It shall be imposed to reduce social inequalities that ..

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TPPA of USD 2.4 Billion Signed by Pakistan with China for Hydro Power Project in Pakistan Occupied Kashmir 

On 25th June 2020, a Tripartite Power Purchase Agreement (TPPA) was signed for the construction of the 1124 MW Kohala Hydro Power Project. The agreement was signed in between the Government of Pakistan, Chinese Company- China Three Gorges Corporation (State-owned company of Chinese Government), and Government of Azad Kashmir (Part of Pakistan occupied Kashmir). Kohala ..

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G20 countries pledge 21 billion USD to fight COVID-19

On June 6, 2020, the G20 countries pledged over 21 billion USD to fight against COVID-19. The countries have so far injected 5 trillion USD in March 2020 to help fight global economic crisis. The 21 billion USD commitment was made only by the invited members. Highlights The G20 countries had already injected 5 trillion ..

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India to attend BRICS meeting on COVID-19

India is to attend BRICS foreign ministers meet by the end of April 2020. The members will discuss economic fallout due to the spread of COVID-19. Highlights The foreign ministers meet of the BRICS grouping is to be conducted through video link. It is essential to conduct more of such meeting as the global economic ..

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