Asia-Pacific region Current Affairs - 2020

Asia Pacific Economic Cooperation: Economic Decline of 2.7% expected in the region

The Asia Pacific Economic Cooperation has stated that the APEC region is to face an economic decline of 2.7% in 2020 due to the impact of COVID-19. Also, the region is to face near growth rate. This will be the highest decline for the region since the 2008 financial crisis. Highlights The unemployment rate according Read More…

Pakistan blacklisted by Asia-Pacific Group of FATF

The Asia Pacific Group (APG) of the Financial Action Task Force (FATF) has put Pakistan in Enhanced Expedited Follow Up List (Blacklist) for its failure to meet its standards. Decision in this regard was taken at FATF APG plenary meeting held in Canberra, Australia. Reasons for blacklisting: FATF APG has found that Pakistan was non-compliant Read More…

ADB to provide $200 Million loan for improving road infrastructure in Maharashtra

Asian Development Bank (ADB) has approved US $200 million loan for Road Infrastructure Improving project in Maharashtra’s 34 districts for better connecting rural areas with markets and services.  The proceeds of loan from ADB will be used for upgrading roads in rural areas of these districts to all-weather standards for boosting links between local residents Read More…

India becomes Vice Chair of the Asia Pacific Region of World Customs Organisation

India became Vice-Chair or regional head of Asia Pacific Region of the World Customs Organisation (WCO) for two years from July 2018 to June 2020. By becoming Vice Chair, India will be able to take up leadership role at the WCO. Key Facts To mark assumption of Vice Chair, an event will be organised in Read More…

Asia Power Index: India ranks fourth in Asia-Pacific region

India was ranked fourth out of 25 nations in Asia-Pacific region in the inaugural Asia Power Index released by Australian think tank Lowy Institute. Asia Power Index It measures overall power of countries and territories in Asia-Pacific region. A country’s overall power is its weighted average across eight measures of power – economic resources, military Read More…