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SCO EXPANSION The Shanghai Cooperation Organization (SCO) recently welcomed Saudi Arabia as a dialogue partner. About SCO Expansion As a result of the United States departure from the region, Saudi Arabia and other Gulf states have taken steps to diversify their security allies. Through this process, the nations have gotten closer to China. The recent restoration of diplomatic ties between Saudi Arabia and Iran, facilitated by China, and Iran's impending admission as the SCO's newest member are significant developments in this regard. Saudi Aramco (Investor) announced that it has upped its investment in China by finalising a planned joint venture…
03 April, 2023
International Organizations
FAO’s Report on The Future of Food and Agriculture According to the Food and Agriculture Organization's (FAO) new report, The Future of Food and Agriculture — Drivers and Triggers for Transformation, if agrifood systems remain unchanged, the world will face persistent food insecurity. The purpose of this report is to stimulate strategic thinking and action to transform agrifood systems toward a more sustainable, resilient, and inclusive future. What are the Report's Findings? Agrifood System Drivers: There are 18 interconnected socioeconomic and environmental forces known as drivers that interact and shape the various activities that occur within agrifood systems, such as…
10 December, 2022
International Organizations
INDIA'S CONTRIBUTION TO UN PEACEKEEPING FORCE Recently, two BSF personnel who were part of the UN Peacekeeping Mission in the Democratic Republic of the Congo (DRC), were among five people killed during a protest in an eastern town near the border with Uganda. Background of UN peacekeeping force The U.N. formed its Peacekeeping efforts in the year 1948, to deploy military observers to West Asia. The Peacekeeping mission’s role was to monitor the Armistice Agreement between Israel and its Arab neighbour. It aims to assist host countries to transition from situations of conflict to peace. Aim: to provide security as…
01 August, 2022
International Organizations
World bank and IMF (International Monetary Fund) Part of: GS-II- International organisation (PT-MAINS-PERSONALITY TEST) The World Bank (WB) is an international organization that provides facilities related to “finance, advice, and research to developing nations” in order to bolster their economic development. It plays a stellar role in providing financial and technical assistance to developing countries across the globe. It is a unique financial institution that provides partnerships to reduce poverty and support economic development. It is actually composed of two institutions namely the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). However, there are five…
16 November, 2021
International Organizations
G-20 analysis Context: This topic is important for UPSE GS Paper 2. The G20 summit in Rome agreed to end international public finance for new coal power generation abroad by 2021-end and mobilise funds to support low emission power development to achieve ‘climate goals .Let’s understand G20 in detail. About the G20 The G20 is the international forum that brings together the world’s major economies. Its members account for more than 80% of world GDP, 75% of global trade and 60% of the population of the planet. The forum has met every year since 1999 and includes, since 2008, a…
02 November, 2021
International Organizations
OPEC and OPEC+ Countries About OPEC It is an intergovernmental organization of 13 nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela). HQ is in Vienna, Austria. It aims to manage the supply of oil in an effort to set the price of oil in the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries. The current OPEC members are the following: South America: Venezuela (Ecuador left). Africa: Nigeria, Algeria, Angola, Equatorial Guinea, Gabon, Libya, DRC Congo (joined in 2018). Asia: Iran, Iraq, Kuwait, UAE, Saudi Arabia (the De facto leader). Former OPEC members are Ecuador, Indonesia and Qatar. OPEC membership is…
04 July, 2021
International Organizations
OPEC and OPEC+ Countries About OPEC It is an intergovernmental organization of 13 nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela). HQ is in Vienna, Austria. It aims to manage the supply of oil in an effort to set the price of oil in the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries. The current OPEC members are the following: South America: Venezuela (Ecuador left). Africa: Nigeria, Algeria, Angola, Equatorial Guinea, Gabon, Libya, DRC Congo (joined in 2018). Asia: Iran, Iraq, Kuwait, UAE, Saudi Arabia (the De facto leader). Former OPEC members are Ecuador, Indonesia and Qatar. OPEC membership is…
30 June, 2021
International Organizations
OPEC and India’s Oil imports About OPEC It is an intergovernmental organization of 13 nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela). HQ is in Vienna, Austria. It aims to manage the supply of oil in an effort to set the price of oil in the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries. The current OPEC members are the following: South America: Venezuela (Ecuador left). Africa: Nigeria, Algeria, Angola, Equatorial Guinea, Gabon, Libya, DRC Congo (joined in 2018). Asia: Iran, Iraq, Kuwait, UAE, Saudi Arabia (the De facto leader). Former OPEC members are Ecuador, Indonesia and Qatar. OPEC membership…
04 May, 2021
International Organizations
World Summit on the Information Society Forum 2021 Union Minister of Telecom has represented India at the World Summit on the Information Society Forum 2021. About World Summit on the Information Society Forum 2021: It is one of the world’s largest annual gatherings of the ‘ICT for the development community. WSI's chief aim is to bridge the global digital divide separating rich countries from poor countries. The WSIS aims to achieve this by increasing internet accessibility in the developing world. The summit is co-organized by International Telecommunication Union(ITU), UNESCO, UNDP and UNCTAD. About International Telecommunication Union: ITU is the United Nations…
24 March, 2021
International Organizations
Pabbi-Antiterror-2021 – SCO’s Joint Anti-Terrorism Exercise India, Pakistan, China and other members of the Shanghai Cooperation Organisation (SCO) will hold a joint anti-terrorism exercise called “Pabbi-Antiterror-2021”. About Exercise Pabbi-Antiterror-2021: It was announced during the 36th meeting of the Council of the Regional Anti-Terrorist Structure (RATS) held in Tashkent, Uzbekistan. Purpose is to improve cooperation between the competent authorities of the SCO member states. Further, helping them in identifying and suppressing channels that finance terrorist activities. About SCO: Shanghai Cooperation Organisation is a permanent intergovernmental international organisation founded in 2001. It was founded by Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Members:…
23 March, 2021
International Organizations
United Nation's World Happiness Report 2021 World Happiness Report 2021 has been released. It evaluates levels of happiness by accounting factors such as GDP, social support, personal freedom, and levels of corruption in each nation. About World Happiness Report: It is an annual report published by the United Nations Sustainable Development Solutions Network (SDSN). It ranks countries by how happy their citizens perceive themselves to be. The 2021 edition focuses on the effects of COVID-19 and how people all over the world have fared. The survey used the Gallup World Poll that asked people to vote on three indicators: Life Evaluations: Under this, people…
23 March, 2021
International Organizations
OPEC+ Countries The non-OPEC countries which export crude oil along with the 14 OPECs are termed as OPEC plus countries. OPEC plus countries = Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan, and Sudan. India is not a member of OPEC + countries. OPEC member countries produce about 40 percent of the world’s crude oil. Equally important to global prices, OPEC’s oil exports represent about 60 per cent of the total petroleum traded internationally. Saudi and Russia had a three-year alliance of oil producers known as OPEC Plus — which now includes 11 OPEC members and 10 non-OPEC nations — that aims…
09 March, 2021
International Organizations
Financial Action Task Force Paris-based 39-member Financial Action Task Force has decided once again to keep Pakistan on its “grey list”. The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 during the G7 Summit in Paris. The objectives of the FATF are to set standard and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. Its Secretariat is located at the Organisation for Economic Cooperation and Development (OECD) headquarters in Paris. Member Countries: it consists of 39 member…
02 March, 2021
International Organizations
Ngozi Okonjo- Iweala of Nigeria becomes the first female chief of the WTO The former Finance Minister of Nigeria, Ngozi Okonjo- Iweala has become the next Chief of the World Trade Organisation. She will hold the position from March 1, 2021, to August 31, 2025. Okonjo- Iweala has become the first woman and African to hold the position at WTO. About Ngozi Okonjo- Iweala: The 66 years old Ngozi Okonjo- Iweala is trained as a development economist. In her home country Nigeria, she was the first female Foreign Minister as well as held the position of Finance Minister twice.
06 January, 2021
International Organizations
UN Investment Promotion award to Invest India Context in Current Affairs: The United Nations Conference on Trade and Development (UNCTAD) recently declared “Invest India” as the winner of the United Nations Investment Promotion Award, 2020. The award recognizes the outstanding achievements of investment promotion agencies spread all over the world. Around 180 such agencies were shortlisted for the award in 2020. United Nations Conference on Trade and Development UNCTAD deals with trade, investment and development issues. The main goal of the organization is to maximize trade and investment. It was established in 1964. It releases reports such as Trade and Development…
15 December, 2020
International Organizations
Preeti Sinha- To lead United Nations Capital Development, Fund The United Nations Capital Development Fund (UNCDF) has appointed Preeti Sinha as its Executive Secretary. She is an Indian-origin investment and development banker. Highlights The executive secretary will work with her focus on providing micro-finance assistance to women, youth, and small and medium-sized enterprises belonging to the underserved communities. The Executive Secretary is the highest leadership rank in the UNCDF. About United Nations Capital Development Fund (UNCDF) The UNCDF was established in the year 1966, by the United Nations General Assembly to promote economic development across the world. It is headquartered in New…
12 December, 2020
International Organizations
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