China Current Affairs - 2020

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UN Security Council adopts Resolution on Safety and Security of Peace Keepers, First of its Kind

On March 31, 2020, the United Nations Security Council adopted Resolution 2518 to ensure safety and security of peacekeepers. This is the first time, a resolution is being passed for the safety of the peacekeepers.

Highlights

The resolution was initiated and sponsored by China. It was co-sponsored by 43 countries including Pakistan, Iran, South Africa, Turkey, Russia, Vietnam, etc. Today there are more than 95,000 peacekeepers operating in around 13 missions all over the world.

The resolution of safety of peacekeepers comes in a time when the United Nations is marking 75th anniversary. This is a crucial year for the organization to implement “Action for Peace”.

Action for Peace

The Action for Peace initiative was launched by the United Nations to help countries address challenges such as elusive political issues, protracted conflicts, dangerous environments, broad and complex mandates, etc. The initiative will focus on targeted mandates, support political solutions.

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World Bank: 11 million to enter poverty in Pacific and East Asia

On March 31, 2020, the World Bank announced that around 11 million are to enter poverty in Pacific and East Asia due to the spread of COVID-19. The virus has affected more than 780,000 and has so far killed more than 37,000.

Highlights

According to the World Bank, around 35 million people in Pacific and Asia will escape poverty. This includes 25 million in China alone. The bank has projected the growth in the region to be slow and around 2.1%. In 2019, the bank had estimated the growth of the region as 5.8%.

The bank has projected growth rate of China as 2.3%. Earlier, in 2019, it had predicted China’s growth rate as 6.1%.

Suggestions

The bank recommends more investments in the health sector. It suggests for macroeconomic policies and integrated containment of the virus. The World Bank also recommends targeted fiscal measures such as health care and subsidies for sick pay. This will make sure the temporary deprivation is not converted into long term human capital losses.

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