low income countries Current Affairs, GK & News

What is Five-alarm global fire?

The United Nations recently announced that the world is to face five major risks in 2022. These risks are referred to five – alarm global fire. The five alarms are COVID-19, lawlessness in cyberspace, climate crisis, bankrupt global financial system and diminished peace and security. What is the solution? The UN has suggested that in ..

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Developing Country Tag at WTO

The World Trade Organization recently provided the “developing country” tag. This couldn’t be accepted by several countries. About the tag at WTO The organization has officially not created any definitions for “Developed” or “developing “countries. However, when a tag is provided other countries can challenge the offering. Though, WTO has not provided the definition, two ..

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World Bank: Recent data on Global Remittance

The World Bank recently released its “Migration and Development Brief”. The report said that the remittance flows to the low-income and middle-income countries were 1.9% lower in 2020 as compared to that of 2019. It was 540 billion USD in 2020 and 548 billion USD in 2019. Key Findings The reduction in remittance inflows were ..

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Facebook Inclusive Internet Index

The Economist Intelligence Unit along with Facebook recently released the Inclusive Internet Index. According to the index, India is at the 49th spot when it comes to internet inclusion and gender equality in accessing the internet. The Facebook Inclusive Internet Index looked at 120 countries. These countries represented 96% of global population and 98% of ..

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Historic Debt Pact of G20 to help poor countries hit by COVID-19

The G20 countries for the first time agreed on a common framework to restructure government debts. This is because COVID-19 crisis has left the poorer countries at risk of failing to repay the loans. Earlier the G20 countries agreed on G20 Debt Service Suspension Initiative. Now, it is being signed as a pact with an ..

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United Nations Still Birth Report

The United Nations recently launched a report on stillbirths titled “A Neglected Tragedy: The Global Burden of Stillbirths”. The report was created by UNICEF, World Health Organisation, World Bank and the United Nations department of economic and social affairs. The report says that a stillborn baby is delivered every 16 seconds.  84 percentage of these ..

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