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Regional Financial Institutions

Regional Financial Institutions, New Development Bank, and Asian Development Bank: Role, Objectives, Purpose, and Goals

Introduction Regional Financial Institutions (RFIs) play a vital role in shaping economic stability, promoting development, and supporting financial cooperation within specific geographic regions. Unlike global financial institutions such as the International Monetary Fund (IMF) or World Bank, RFIs focus on addressing the unique developmental needs of their member regions. Among the most significant RFIs are…

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Global Cooperation in Action

Global Cooperation in Action: An Overview of ILO, IBSA, BRICS, EU, EEU, and SAARC

1. International Labour Organization (ILO) Introduction The International Labour Organization (ILO) is a specialized agency of the United Nations (UN) that deals with labour issues, employment rights, and social justice. It was established in 1919 as part of the Treaty of Versailles, making it one of the oldest international organizations still active today. The ILO…

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United Nations Conference

United Nations Conference on Trade and Development (UNCTAD): Role, Objectives, and Global Importance

Introduction The United Nations Conference on Trade and Development (UNCTAD) is a vital organ of the United Nations system established to promote the integration of developing countries into the world economy in a fair, balanced, and sustainable manner. Formed in 1964, UNCTAD has served as a permanent intergovernmental body focusing on issues of international trade,…

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the economic space of natural resource-rich Africa

India’s Engagement with Resource-Rich Africa: Strategic, Economic, and Developmental Perspectives

Introduction Africa, the world’s second-largest continent, is endowed with abundant natural resources, including oil, natural gas, coal, uranium, rare earth minerals, timber, and fertile agricultural land. Over the last two decades, Africa has emerged as a critical economic and strategic partner for many global powers seeking to secure energy, minerals, and markets for industrial growth….

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