India’s Foreign Policy Between 1947 and 1962 [Nehru Era]

The onset of the cold war and India’s independence almost coincided. In those days, the countries were flocking in one of the two rival camps. However, for India, circumstances demanded something else. Firstly, neither US nor USSR showed any great ..

Trans Pacific Partnership

In 2005, three countries viz. Chile, New Zealand and Singapore came together and created a free trade agreement called Trans-Pacific Strategic Economic Partnership or TPSEP. Later Brunei joined them and it was now also known as P4. From 2010 onwards, ..

New Development Bank

New Development Bank (NDB) has been established by the BRICS countries to provide financial support to public and private projects via loans, guarantees, equity participation etc. This Shanghai based bank is currently headed by K V Kamath. The logo of the ..

Asian Development Bank

ADB is multilateral lending agency based in Manila, Philippines. It is dedicated to reduce poverty in Asia and the Pacific region through inclusive economic growth, environmentally sustainable growth, and regional integration. Important Facts ADB has 67 members – 48 from ..

Glossary : International Organizations

Amnesty International It’s a Non-profit NGO founded in July 1961 by Peter Benenson in the United Kingdom. Its Global International Secretariat is in London, United Kingdom. Its objective is to conduct research and generate action to prevent and end grave ..

Global Organizations – Other

United Nations Centre for Human Settlements (UN-HABITAT) UN-HABITAT was established in 1978 and has its headquarters at the UN office in Nairobi, Kenya. It is the United Nations agency for human settlements. It runs two major worldwide campaigns – the ..

World Bank

World Bank, which has official goal of reduction of poverty, provides loans to developing countries for capital programmes. World Bank comprises only two institutions viz. the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). In ..

International Monetary Fund

International Monetary Fund (IMF) was established with stated objectives to promote international economic cooperation, international trade, employment, and exchange rate stability, including by making resources available to member countries to meet balance of payments needs. Its headquarters are in Washington, ..

What is Washington Consensus?

Washington Consensus is a collective term used for 10 economic policy prescriptions as a part of a “standard” reform package promoted for crisis-wracked developing countries. Washington Consensus was advocated by Washington, D.C.-based institutions viz. International Monetary Fund (IMF), World Bank, ..

United Nations Environment Programme

UNEP, established in 1972, is the voice for the environment within the United Nations system. UNEP acts as a catalyst, advocate, educator and facilitator to promote the wise use and sustainable development of the global environment. To accomplish this, UNEP ..