low income countries Current Affairs, GK & News

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 ..

Month: 

Category: 

Topics: 

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 ..

Month: 

Category: 

Topics: 

G-20 Debt Service Suspension Initiative: Key Facts

On October 1, 2020, the officials of the International Monetary Fund (IMF) called for the extension of G20 Debt Service Suspension initiative till the end of 2021. What is Debt Service Suspension Initiative? The DSSI means that for a limited period of time, the debt service payment from poorest countries are suspended upon the request ..

Month: 

Category: 

Topics: 

World Bank: Decline of Money sent by Migrant Workers by 110 billion USD

On April 22, 2020, the World Bank announced that the amount of money sent back by the migrant workers to their home countries is to decrease by 110 billion USD. Highlights Due to the COVID-19 lock down, the remittances to low-income and middle-income countries are to fall by 20%. The decline in remittance is the ..

Month: 

Category: 

Topics: 

Access to Antibiotics

The report by the Center for Disease Dynamics, Economics & Policy (CDDEP) in the US has made the following observations about the antibiotics and their access: Majority of the world’s annual 5.7 million antibiotic-treatable deaths occur in low- and middle-income countries. In low- and middle-income countries the mortality burden from treatable bacterial infections far exceeds the estimated ..

Month: 

Topics: