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 …
Source: LM Context: Algeria has officially joined the New Development Bank (NDB), becoming a full member after submitting its instrument of accession on May 19, 2025. About New Development Bank (NDB): What is NDB? A multilateral development bank established by BRICS nations to mobilise funds for infrastructure and sustainable development. Functions as an alternative to …
Source: DH Context: The National Bank for Financing Infrastructure and Development (NaBFID) signed a strategic MoU with the New Development Bank (NDB) to boost cooperation in long-term infrastructure and clean energy financing in India. About NaBFID (National Bank for Financing Infrastructure and Development): What it is: A Development Finance Institution (DFI) dedicated to funding long-term …
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