Tag Archives: International Organisations

IMF members delay quota changes, agree to maintain funding

Headline : IMF members delay quota changes, agree to maintain funding Details : In News Members of the International Monetary Fund (IMF) have agreed to maintain its funding at $1 trillion but postponed changes to its voting structure. Highlights of the deal The deal will allow an extension of non-permanent, supplementary sources of funds, such as the New Arrangement to Borrow (NAB) and

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10 ‘noble commitments’ for global transformation by PM Modi

10 Commitments and Suggestions: 1. Creating Safer World: It can be achieved by organised and coordinated action on issues like counter-terrorism, cyber security and disaster management. 2. Creating Greener World: It can be achieved by taking concerted action on countering climate change. For e.g initiatives like International Solar Alliance. 3. Creating Enabled World: It can be achieved by sharing and

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Global Entrepreneurship Summit (GES):

Global Entrepreneurship Summit (GES): It is the preeminent annual entrepreneurship gathering that convenes emerging entrepreneurs, investors and supporters from around the world. It was started by U.S. government in 2010. It serves as a vital link between governments and the private sector, and convenes global participants to showcase projects, network, exchange ideas, and champion new opportunities for investment. Its aims

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About the Nuclear Non-Proliferation Treaty (NPT):

The nuclear Non-Proliferation Treaty came into force in 1970, following widespread international concern about the risk of nuclear weapons proliferation and the spiraling nuclear weapon stocks of those states that had developed them. The NPT is a multilateral treaty aimed at limiting the spread of nuclear weapons including three elements: (1) non-proliferation, (2) disarmament, and (3) peaceful use of nuclear

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WTO- Trade Facilitation Agreement (TFA)

Trade Facilitation Agreement (TFA) Trade Facilitation Agreement (TFA) envisages faster clearances and reduction of red tapism at the borders and would thereby help in the ease of doing business. TFA is bound to change the Indian trade and would bring more transparency in trade process. after TFA ratification, the world wide best trade practices would be shared among the member

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International Union for Conservation of Nature (IUCN)

The International Union for Conservation of Nature (IUCN) is a membership Union uniquely composed of both government and civil society organisations. It provides public, private and non-governmental organisations with the knowledge and tools that enable human progress, economic development and nature conservation to take place together. Created in 1948, IUCN has evolved into the world’s largest and most diverse environmental

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United Nations Conference on Trade and Development (UNCTAD)

The United Nations Conference on Trade and Development (UNCTAD) was established in 1964 as a permanent intergovernmental body. UNCTAD is the principal organ of the United Nations General Assembly dealing with trade, investment, and development issues.  The organization’s goals are to: “maximize the trade, investment and development opportunities of developing countries and assist them in their efforts to integrate into

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UN Secretary General

The charter is vague in defining the duties of the secretary-general, the United Nations’ top official. He or she is expected to show no favoritism to any particular country, but the office is largely dependent on the funding and goodwill of the most powerful nations. The Security Council — notably the P5 — chooses the secretary-general, by secret ballot, to

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World Economic Forum – WEF

It is a Swiss nonprofit foundation, based in Cologny, Geneva. The forum was founded in 1971 by Klaus Schwab, a German-born business professor at the University of Geneva. Recognized by the Swiss authorities as the international institution for public-private cooperation, its mission is cited as “committed to improving the state of the world by engaging business, political, academic, and other

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East Asia Summit – EAS

East Asia Summit is a unique Leaders-led forum of 18 countries of the Asia-Pacific region formed to further the objectives of regional peace, security and prosperity. It has evolved as a forum for strategic dialogue and cooperation on political, security and economic issues of common regional concern and plays an important role in the regional architecture. Established in 2005, EAS

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G-20

G20 was initiated in 1999 and consists of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union (EU). Before the outbreak of global financial crisis in 2008, G20 meetings of Finance Ministers and Central Bank Governors were held

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Asian Development Bank (ADB)

The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966. which is headquartered in Ortigas Center located in Mandaluyong, Metro Manila, Philippines, and maintains. It promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission

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Global Innovation Index (GII)

The Global Innovation Index (GII) aims to capture the multi-dimensional facets of innovation and provide the tools that can assist in tailoring policies to promote long-term output growth, improved productivity, and job growth. The GII helps to create an environment in which innovation factors are continually evaluated. The Global Innovation Index 2016 (GII), in its 9th edition this year, is

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United Nations – UN

The United Nations is an intergovernmental organization that promotes international cooperation and peace building. The United Nations was established after the end of WWII on the 24th of October 1945 in order to prevent a similar global conflict from ever reoccurring. The United Nations replaced the ineffective League of Nations, which was created after the end of WWI. The United

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Islamic Development Bank

The Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in December 1973, and the Bank was formally opened on 20 October 1975. The purpose of the Bank is to foster the economic development and social progress of member countries

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