multilateralism Current Affairs - 2020

1 million USD dispersed to SAARC nations under Emergency COVID-19 Funds

On March 19, 2020, the Ministry of External Affairs announced that 1 million USD has been dispersed towards the Emergency COVID-19 funds. The fund was set up PM Modi during a video conference recently. Walking on the foot steps of India, Saudi Arabia had recently initiated similar conference among G20 countries to fight COVID-19.

Highlights

India had set up 10 million USD funds to fight against Corona Virus at the SAARC video Conference. India has also dispatched supplies such as testing equipment, sanitizers and other medical requests of Maldives and Bhutan.

Significance

It is important for India to take lead role and strengthen its ties with the SAARC nations. This is because India currently holds a trade surplus of 15 billion USD with SAARC countries. Given the geographical location of the SAARC members, for all the members being neighbours, India can derive lot of benefits through SAARC.

The only irritant for India in strengthening its relations with SAARC is Pakistan.

Raisina Dialogue to be held New Delhi

The Raisina Dialogue is to be held between January 14, 2020 and January 16, 2020. It is a multilateral conference that is held in New Delhi annually since 2016. The dialogue is organised by the Ministry of External Affairs and Observer Research Foundation.

Highlights

This year, in 2020, number of foreign ministers are to attend the dialogue. It includes ministers from Russia, Iran, Maldives, Morocco, Australia, Bhutan, Denmark, Czech Republic, Uzbekistan and Estonia.

Theme: 21@20: Navigating the Alpha Century

About the Dialogue

Since its inception, it is considered as India’s flagship conference on geo-economics and geopolitics. It aims at exploring opportunities of Asian integration.

In 2016, the dialogue focused on Asia’s physical, human, economic and digital connectivity under the theme, “Asia: Regional and global connectivity”. In the consecutive year, the conference aimed at linking Asia with the rest of the world. In 2017, the conference was held on the theme, “The New Normal: Multilateralism and Multipolarity”.

In 2018, the third dialogue was conducted under the theme, “Managing disruptive Transitions: Ideas, Institutions and Idioms”. In 2019, the fourth conference was held under the theme, “New Geometrics, Fluid Partnerships, Uncertain Outcomes”. It focused on an reorder of the political, economic and strategic solutions that aims at developing Asia.

Name of the conference

The conference is named after, “Raisina Hills”, which is the seat of Government of India and Rashtrapati bhavan. The dialogue was designed on the lines of Shangri-La dialogue.