Notes and Study material for Exams
External Commercial Borrowing: A Lifeline for Growth or a Debt Trap? External Commercial Borrowing (ECB) has become a significant source of financing for developing economies, particularly in Asia and Latin America. It offers a potential lifeline for growth, providing access to capital for infrastructure development, industrial expansion, and other crucial investments. However, ECB also carries … Read more
Development Banks: Catalysts for Economic Growth and Social Progress Development banks, often referred to as development finance institutions (DFIs), play a crucial role in fostering economic growth and social progress, particularly in developing countries. These institutions provide a wide range of financial services, including loans, grants, guarantees, and technical assistance, to support projects that promote … Read more
India’s role in BRICS BRICS is an acronym for Brazil, Russia, India, China and South Africa – five emerging nations that formed an alliance for economic and social development. The commonality between them is that they are all newly industrialised and aiming for maximum trade and development. Together, BRICS accounts for about 40% of the … Read more
Institutions of developmental finance A Development Financial institution (DFI) is defined as “an institution endorsed or supported by Government of india primarily to provide development/Project finance to one or more sectors or sub-sectors of the economy. the institution differentiates itself by a thoughtful balance between commercial norms of operation, as adopted by any financial institution … Read more
Development Banks: Catalysts for Growth and Development Development banks play a crucial role in fostering economic growth and development, particularly in emerging markets and developing countries. These institutions, often established by governments or multilateral organizations, provide financial and technical assistance to support infrastructure projects, promote private sector investment, and address social and environmental challenges. This … Read more
International Cooperation: A Vital Force in a Globalized World The world today is more interconnected than ever before. Global challenges like climate change, pandemics, and economic instability transcend national borders, demanding collective action and cooperation. International cooperation, therefore, is not just a diplomatic nicety but a crucial necessity for addressing these complex issues and ensuring … Read more