International Monetary Fund Current Affairs - 2020

India to slip below Bangladesh in Per Capita GDP in 2020

The International Monetary Fund (IMF) has released the World Economic Outlook (WEO) on October 13, 2020. As per the report, India will to slip below Bangladesh in terms of per capita GDP in 2020. The latest report Highlights that Bangladesh is likely to expand by 4% in 2020. It stated that, Indian Economy is facing contractions because Read More…

BRICS Anti-Drug Working Group held

The fourth session of Anti-Drug Working Group was held virtually. All the member countries of the group such as India, Brazil, Russia, China and South Africa participated in the session. Highlights The group reaffirmed their commitments towards the Anti-Drug Conventions. The meeting focused on misuse of technologies for drug trafficking. During the meet India stressed Read More…

India sends Humanitarian aid to Lebanon to assist Beirut Explosion Victims

The Government of India has sent 58 tonnes of emergency humanitarian aid to the people affected by Beirut Explosion in Lebanon. This includes Personal Protective Equipment, surgical gowns, surgical gloves as well. Highlights India dispatched the aid through C-17 heavy lift aircrafts. It included wheat flour, pulses, sugar, blankets, sleeping mats, dignity kits, medical supplies, Read More…

TPPA of USD 2.4 Billion Signed by Pakistan with China for Hydro Power Project in Pakistan Occupied Kashmir 

On 25th June 2020, a Tripartite Power Purchase Agreement (TPPA) was signed for the construction of the 1124 MW Kohala Hydro Power Project. The agreement was signed in between the Government of Pakistan, Chinese Company- China Three Gorges Corporation (State-owned company of Chinese Government), and Government of Azad Kashmir (Part of Pakistan occupied Kashmir). Kohala Read More…

G20 countries pledge 21 billion USD to fight COVID-19

On June 6, 2020, the G20 countries pledged over 21 billion USD to fight against COVID-19. The countries have so far injected 5 trillion USD in March 2020 to help fight global economic crisis. The 21 billion USD commitment was made only by the invited members. Highlights The G20 countries had already injected 5 trillion Read More…