Nigeria Current Affairs - 2019

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Indian Africa Field Training Exercise

Indian Africa Field Training Exercise (IAFTX) will be held at Aundh Military Station and College of Military Engineering, Pune from 18 March to 27 March 2019.

The modalities for the IAFTEX were discussed in the conference held between 23-24 January 2019. The conference saw attendance from delegates of Egypt, Ghana, Nigeria, Senegal, Sudan, South Africa, Tanzania, Namibia, Mozambique, Uganda, Niger and Zambia.

Features of the IAFTX

The important features of the IAFTX are:

  • IAFTX joint exercise is being conducted between India and a dozen African Countries.
  • The joint exercise aims at synergising humanitarian mine action and joint peace operations.
  • The joint exercise is a step forward towards growing political and military ties with the member nations of the African continent and will boost the already strong strategic cooperation between the countries.
  • The joint exercise will see participation from Nigeria, Egypt, Ghana, Kenya, South Africa, Senegal, Sudan, Tanzania, Zambia, Namibia, Mozambique and Uganda.
  • The exercise is being conducted with an aim to synergise United Nations peacekeeping operations.
  • The exercise will aid in forging better military ties and extending India’s outreach in Africa.

Also, it is expected that Army Chief General Bipin Rawat along with senior officers from participating nations would attend the validation ceremony once the exercise is concluded.

Month: Categories: DefenceUPSC

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World Economic Situation and Prospects 2019: Key Facts

The United Nations report World Economic Situation and Prospects 2019 has been released. The important findings of the report are:

  • The report estimates that Global growth is expected to remain steady at 3% in 2019 and 2020, after an expansion of 3.1% in 2018.
  • As the impulse from fiscal stimulus in 2018 wanes, Growth in the United States is projected to decelerate to 2.5% in 2019 and 2% in 2020.
  • The European Union would witness a steady growth of 2%, even though risks are tilted to the downside, including a potential fallout from Brexit.
  • China’s growth is expected to moderate from 6.6% in 2018 to 6.3% in 2019 since policy support would partly offset the negative impact of trade tensions.
  • Large commodity-exporting countries, such as Brazil, Nigeria and the Russian Federation, are projected to see a moderate pickup in growth in 2019–2020, albeit from a low base.

The World Economic Situation and Prospects 2019 predicts that a worrisome combination of development challenges could further undermine growth. The report expresses concerns over the sustainability of global economic growth in the face of rising financial, social and environmental challenges.

Month: Categories: Business, Economy & BankingUPSC

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