Source- The Hindu Syllabus- GS 2- Important International institutions, agencies and fora- their structure, mandate. Context- It’s an opportune time for India to push for institutional changes and reformed multilateralism in the global system. How India can revive Multilateralism? Leadership opportunity – Since US and West have adopted nationalistic leaning, India should step into the… Continue reading An opportunity for India to revive Multilateralism
Category: International Relations
Golden or Reserve tranche
Resources for IMF loans to its members on non-concessional terms are provided by member countries, primarily through their payment of quotas. Each member of the IMF is assigned a quota, based broadly on its relative position in the world economy. The reserve tranche is a segment of an International Monetary Fund member country’s quota that is accessible without… Continue reading Golden or Reserve tranche