Network for Greening the Financial System(NGFS): NGFS was launched at the Paris One Planet Summit in December 2017. Purpose: It is a group of Central banks and financial supervisors. The NGFS aims to accelerate the scaling up of green finance and develop recommendations for central banks’ role in climate change. Headquarters: It is located at the Bank …
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MARPOL: International Convention for the Prevention of Pollution from Ships (MARPOL) aims at the prevention of pollution of the marine environment by ships from operational or accidental causes. The Convention was adopted by the International Maritime Organisation(IMO) on 2nd November 1973. India is a signatory to the MARPOL Convention. Annexes: The convention currently includes six technical Annexes: …
Codex Alimentarius Commission(CAC) was established in 1963. It is an intergovernmental body established jointly by the UN’s Food and Agriculture Organisation(FAO) and the World Health Organisation (WHO). It was established within the framework of the Joint Food Standards Programme. Purpose: To establish international food standards to protect the health of consumers To ensure fair practices in the …
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Blue Nature Alliance: Blue Nature Alliance is a global partnership. It was founded and led by Conservation International, Pew Charitable Trusts, Global Environment Facility(GEF), Minderoo Foundation and Rob & Melani Walton Foundation. Aim: To safeguard global ocean biodiversity, build resilience to climate change, promote human well-being and enhance ecosystem connectivity. Targets: Conserve 18 million square kilometres of ocean …
USCIRF is a bipartisan, independent federal government commission in the US. It was created by the International Religious Freedom Act (IRFA) of 1998. USCIRF’s principal responsibilities are to review the facts and circumstances of violations of religious freedom internationally and to make policy recommendations to the President, the Secretary of State, and the Congress. It …
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BTCA is a partnership of governments, companies, and international organizations that accelerates the transition from cash to responsible digital payments to help achieve the Sustainable Development Goals. Foundation: It was launched by the United Nations Capital Development Fund, the United States Agency for International Development, the Bill & Melinda Gates Foundation, Citigroup, the Ford Foundation, the Omidyar …
BRICS Contingent Reserve Arrangement (CRA)? CRA was established in 2015 during 7th BRICS summit as a part of the Fortaleza Declaration. Aim: It aims to provide short-term liquidity support to the members through currency swaps. It will help to mitigate the Balance of Payment(BOP) crisis situations in case such a situation arises. Other objectives: It will …
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Essential Digital Infrastructure and Services Network(EDISON) Alliance: Launched by World Economic Forum. Aim: To work towards ensuring global and equitable access to the digital economy. How will it ensure equitable access to the digital economy? The alliance will work with governments and industries. It will accelerate digital inclusion and will ensure cross-sectoral collaboration between the technology …
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Global AI Action Alliance (GAIA) is a multi-stakeholder collaboration platform launched by World Economic Forum (WEF). It has been designed to accelerate the adoption of inclusive, transparent, and trusted artificial intelligence tools globally and in industry sectors. Members: The alliance is consisting of over 100 leading companies, governments, international organizations, non-profits, and academics. They all are …
Uniting for Consensus (UFC) group is an informal club that developed at the UN in the 1990s. The group developed in opposition to the possible expansion of permanent seats in the United Nations Security Council. Under the leadership of Italy, it aims to counter the bids for permanent seats proposed by G4 nations (Brazil, Germany, …
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