About BRICS BRICS brings together five major emerging economies- China, Brazil, Russia, India and South Africa. These 5 countries host 41% of the world population, contributing 24% of the world GDP and over 16% share in world trade. The grouping …
Context World Trade Organisation (WTO) reform has been on the global agenda for a while including that of the G20, whose members are key players in the WTO. The recently concluded meeting of the G20 working group on trade and …
About G20 The Group of Twenty (G20) is an intergovernmental forum comprising 19 countries – Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom and United …
About OPEC The Organization of the Petroleum Exporting Countries (OPEC) is a group consisting of 13 of the world’s major oil-exporting nations. Countries that belong to OPEC include Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela (the five founders), plus the …
Context The United Kingdom, Canada, Sweden and Ukraine launched a case against Iran at the International Court of Justice over the downing in 2020 of a Ukrainian passenger jet and the deaths of all 176 passengers and crew. About ICJ …
About UNSC The United Nations Security Council (UNSC) was established in 1946 as one of the six principal organs of the UN. It is generally viewed as the apex of the UN system. It is responsible for the maintenance of …
About SCO Shanghai Cooperation Organisation (SCO) is a permanent intergovernmental international organisation established in 2001. Prior to the creation of SCO in 2001, Kazakhstan, China, Kyrgyzstan, Russia and Tajikistan were members of the Shanghai Five. Following the accession of Uzbekistan …
Context The International Monetary Fund (IMF) has agreed to provide $3 billion to Pakistan in badly needed relief to help bail out the impoverished country’s ailing economy. Mandate of IMF The IMF was set up in 1945 out of the …