middle income countries
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 ..
Month: Current Affairs - January, 2022
Category: International / World Current Affairs
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 ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs
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 ..
Month: Current Affairs - May, 2021
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 ..
Month: Current Affairs - April, 2021
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 ..
Month: Current Affairs - October, 2020
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 ..
Month: Current Affairs - October, 2020
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 ..
Month: Current Affairs - April, 2020
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 ..