humanitarian aid Current Affairs - 2020

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COVID-19: International Monetary Fund launches Government Policy Tracker

The International Monetary Fund recently launched the “IMF Policy Tracker”. The platform will provide all the key economic responses launched by Governments all over the world to fight against Corona Virus.

Highlights

Currently, the virus has spread to almost all parts of the world and the measures taken by the Governments to tackle the situation might become inadequate. The platform thus will help fill in gaps and learn from each other’s experience. It will also help governments adopt successful innovate approaches implemented on other parts of the world.

Significance

The tracker is to be updated based on the press release of the IMF Communication Department.

Key Features of the Tracker

The tracker will summarize key economic measures taken by the governments in different parts of the world. The tracker claims that it cannot be used for comparisons of measures in different countries. Rather, the tracker is to be used to learn the adaptations. This is because, policy responses vary based on the nature of the crisis.

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Hurricane Dorian: India announces $ 1million humanitarian aid for Bahamas

India has announced an immediate humanitarian assistance of $1 million to help people in The Bahamas affected by Hurricane Dorian. The disaster relief aid extended by India signifies that it stands in solidarity with The Bahamas in this difficult time.

Key Highlights

Hurricane Dorian has caused a large scale destruction in The Bahamas.

As per reports, the death toll from naural calamity has risen to over 40 and is likely to increase even more, even as search and rescue teams are still trying to reach out to Bahamian communities isolated by floodwaters and debris in wake of Hurricane Dorian.

About Hurricane Dorian

It was an extremely powerful and destructive Category 5 hurricane. It was the first major hurricane of 2019 Atlantic hurricane season.

The hurricane devastated northwestern Bahamas, caused catastrophic damage to Grand Bahama and Abaco Island and also caused significant damage to Southeastern United States and Atlantic Canada.

About The Bahamas

It is a country within Lucayan Archipelago (or Bahama Archipelago), in Caribbean. Bahama Archipelago is an island group that comprises of Commonwealth of The Bahamas and British Overseas Territory of Turks and Caicos Islands.

It is located on the northwestern edge of West Indies.

The Bahamas was formerly a British colony and became an independent country within the Commonwealth in 1973.

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