Page-2 of low income countries Current Affairs, GK & News

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 ..

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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 ..

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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 ..

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