{"id":3081,"date":"2024-06-14T00:03:01","date_gmt":"2024-06-14T00:03:01","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=3081"},"modified":"2024-06-14T00:03:01","modified_gmt":"2024-06-14T00:03:01","slug":"panel-proposes-100bn-new-equity-for-mdbs","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/panel-proposes-100bn-new-equity-for-mdbs\/","title":{"rendered":"Panel proposes $100bn new equity for MDBs"},"content":{"rendered":"<p>The independent expert group on strengthening multilateral  (MDBs) has proposed the launch of a process to ramp up new <a href=\"https:\/\/exam.pscnotes.com\/equity\">Equity<\/a> of all these agencies by $100 billion as part of the overall strategy to triple annual commitments by 2030.<\/p>\n<p>The panel co-chaired by former US treasury secretaryLarry Summersand 15th <a href=\"https:\/\/exam.pscnotes.com\/finance-commission\">Finance Commission<\/a> chairman N K Singh will share its report at the meeting of <a href=\"https:\/\/exam.pscnotes.com\/g20\">G20<\/a> finance ministers inGandhinagarnext week.<br \/> The first set of the recommendations in its report focuses on &#8220;The Triple Agenda&#8221; of trebling financing by 2030, setting up a triple funding mechanism through a fund and setting a triple mandate for MDBs that includes eliminating <a href=\"https:\/\/exam.pscnotes.com\/poverty\">POVERTY<\/a>, boosting shared prosperity, and contributing to Global Public goods, especially <a href=\"https:\/\/exam.pscnotes.com\/<a href=\"https:\/\/exam.pscnotes.com\/climate\">Climate<\/a>-change&#8221;>Climate Change<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The independent expert group on strengthening multilateral (MDBs) has proposed the launch of a process to ramp up new Equity of all these agencies by $100 billion as part of the overall strategy to triple annual commitments by 2030. The panel co-chaired by former US treasury secretaryLarry Summersand 15th Finance Commission chairman N K Singh &#8230; <a title=\"Panel proposes $100bn new equity for MDBs\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/panel-proposes-100bn-new-equity-for-mdbs\/\" aria-label=\"Read more about Panel proposes $100bn new equity for MDBs\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[788],"class_list":["post-3081","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-12-07-23"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Panel proposes $100bn new equity for MDBs - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/panel-proposes-100bn-new-equity-for-mdbs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panel proposes $100bn new equity for MDBs\" \/>\n<meta property=\"og:description\" content=\"The independent expert group on strengthening multilateral (MDBs) has proposed the launch of a process to ramp up new Equity of all these agencies by $100 billion as part of the overall strategy to triple annual commitments by 2030. 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The panel co-chaired by former US treasury secretaryLarry Summersand 15th Finance Commission chairman N K Singh ... 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