International Organisations Current Affairs

Government inks US$ 74 Million loan agreement for Uttarakhand Workforce Development Project

Union Government has inked US$74 million loan agreement for International Bank for Reconstruction and Development (IBRD) Credit for Uttrakhand Workforce Development Project (UKWDP).

Uttrakhand Workforce Development Project (UKWDP)

The objective of this project is to improve quality and relevance of training at priority Industrial Training Institutes (ITIs) and increase number of labor-market-relevant workers through short term training in Uttrakhand. The closing date for Project is June, 2023, with maturity of 17 years and grace period of 5-year. For this project, 25 ITI’s have been selected – 13 located in District Centers and 12 ITI’s linked to industries. Two out of four women’s ITIs also have been included in the list.

Three components of UKWDP

  • Improve quality and relevance of ITI Training.
  • Increase number of skilled workers certified under National Skills Qualification Framework (NSQE) – Compliant Short Term Training.
  • Policy and institutional development and project management.

World Bank

World Bank is an international financial institution that provides loans to countries of the world for capital projects. Its official goal is reduction of poverty by providing loans to developing countries for capital programmes. It is one of five institutions created at Breton Woods Conference in 1944. It is headquarter is situated at Washington DC, US.

World Bank comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). It is component of World Bank Group, which also includes three more subsidiary organisations viz. International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID). World Bank is part of United Nations system, but its governance structure is different.

Month: Categories: India Current Affairs 2018


7th UNWTO Global Summit on Urban Tourism held in Seoul

7th UNWTO Global Summit on Urban Tourism was held in Seoul, capital of South Korea from 16 to 19 September, 2018. The theme of the summit was ‘A 2030 Vision for Urban Tourism’. The summit was co-organized by World Tourism Organization (UNWTO) and Seoul Metropolitan Government and supported by Ministry of Culture, Sports and Tourism of South Korea Korea Tourism Organization and Seoul Tourism Organization.

UNWTO Global Summit on Urban Tourism

The summit provided unique platform to discuss key issues shaping future of urban tourism in the context of the 2030 Urban Agenda. It had brought together high-level representatives from National Tourism Administrations, city authorities and related stakeholders, serving as platform to exchange experiences and expertise. It et shared vision on urban tourism that embraces innovation, digital transformation and sustainability.

World Tourism Organization (UNWTO)

UNWTO is United Nations agency responsible for promotion of responsible, sustainable and universally accessible tourism.  It is leading international organization in the field of tourism, which promotes tourism as driver of economic growth, inclusive development and environmental sustainability. Its membership includes 156 countries, 6 territories and over 500 affiliate members representing private sector, tourism associations and local tourism authorities etc. Its headquarters are located in Madrid, Spain.


UNWTO offers leadership and support to sector in advancing knowledge and tourism policies worldwide. It serves as global forum for tourism policy issues and practical source of tourism knowledge. It encourages implementation of Global Code of Ethics for Tourism to maximize contribution of tourism to socio-economic development, while minimizing its possible negative impacts. It is committed to promoting tourism as instrument in achieving UN Sustainable Development Goals (SDGs), geared towards eliminating poverty and fostering sustainable development and peace worldwide.

Month: Categories: India Current Affairs 2018