middle income countries Current Affairs, GK & News

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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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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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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