“BRICS seeks reform of global governance institutions without seeking to replace them.” Examine the significance of this approach for developing countries.

Topic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests Q4. “BRICS seeks reform of global governance institutions without seeking to replace them.” Examine the significance of this approach for developing countries. (10 M) Difficulty Level: Medium Reference: TH Why the question BRICS expansion and growing calls for reform of global …

Discuss the significance of Special Drawing Rights (SDRs) allocations in strengthening India’s balance-of-payments buffers. Evaluate the limitations in their present design.

Topic: Evaluation, IMF and Underdeveloped Countries, SDR’s Q5. Discuss the significance of Special Drawing Rights (SDRs) allocations in strengthening India’s balance-of-payments buffers. Evaluate the limitations in their present design. (10 M) Difficulty Level: Medium Reference: InsightsIAS Why the question India’s use of Special Drawing Rights (SDRs) as a stabilisation tool amid recurring global financial shocks …

“IMF programmes often provide macroeconomic stability but not developmental resilience”.  Discuss why underdeveloped economies struggle under IMF conditionalities. Suggest reforms for improving IMF’s developmental effectiveness.

Topic: IMF: Purpose and Objectives, Organization and Functions, Working and Q5. “IMF programmes often provide macroeconomic stability but not developmental resilience”. Discuss why underdeveloped economies struggle under IMF conditionalities. Suggest reforms for improving IMF’s developmental effectiveness. (15 M) Difficulty Level: Medium Reference: InsightsIAS Why the question Multiple low-income and emerging economies have recently entered repeat …

International Monetary and Financial Committee:

GS Paper 2 Topics Covered: Important International Institutions.   Context: International Monetary and Financial Committee meeting was held recently. The meeting was attended by Governors/Alternate Governors representing 190-member countries of the IMF. The discussions at the meeting centered on “vaccinate, calibrate and accelerate” which is the theme of the Managing Director’s Global Policy Agenda. The members …