Multilateral Development Banks
Multilateral Development Banks for UPSC Mains GS Paper 3 : Current Affairs in Economy Watch
On 20th April, 2024, the leaders of 10 multilateral development banks (MDBs) announced joint steps to work more effectively as a system and increase the impact and scale of their work to tackle urgent development challenges.
About MDBs
- Multilateral development banks (MDBs) provide financial assistance to developing countries in order to promote economic and social development.
- The MDBs fund primarily large infrastructure and other development projects and provide budgetary support to governments. The MDBs provide non-concessional financial assistance to governments of middle-income countries, private sector firms in developing ....
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- 1 RBI's Guidelines for Voluntary Transition of SFBs to Universal Banks
- 2 Private Credit
- 3 RBI Guidelines for Asset Reconstruction Companies
- 4 IREDA Accorded ‘Navratna' Status
- 5 Centre Accords ‘AEO’ Status to Gem & Jewellery Sector
- 6 Safeguard Measures under World Trade Organization
- 7 India's First Multi-Purpose Green Hydrogen Project
- 8 NIIF Invests $200 Million in iBUS for Expansion of Digital Infrastructure
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- 10 TRAI Recommendations on Telecommunication Infrastructure
