The BRICS Contingent Reserve Arrangement (CRA) is a financial mechanism established by the BRICS countries (Brazil, Russia, India, China, and South Africa)
Tag:
Economy NOtes
Financial Action Task Force (FATF) is an inter-governmental agency working to set standards and promote the effective implementation of measures against money laundering, terrorist financing, and threats to the international financial system.
India has been participating in the Financial Transaction Plan (FTP) of the IMF since 2002. FTP involves allowing the IMF to convert India’s rupee holdings, part of its quota contribution,
India has had a longstanding and symbiotic relationship with the International Monetary Fund (IMF). Here are key points outlining India’s engagement
The International Monetary Fund (IMF) has faced criticism over various aspects, prompting calls for reforms. Some key issues and efforts for reform include:
Money laundering, the process of disguising the origins of illegally obtained money, undermines the integrity of financial systems and facilitates various criminal activities
Social protection encompasses a range of policies and programs aimed at safeguarding individuals and communities against various risks, including poverty, unemployment, illness, and natural disasters
The International Monetary Fund (IMF) played a pivotal role during the Great Recession of 2008, a global financial crisis that sent shockwaves through economies worldwide.
With a mission to promote international monetary cooperation, facilitate trade, and foster sustainable economic growth, the IMF’s financial resources and lending channels serve as crucial tools in addressing economic imbalances, crises, and development needs worldwide.
Over the years, discussions have intermittently surfaced regarding the potential of SDRs to evolve into a global reserve currency, challenging the predominant status of national currencies.