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Important international institutions, agencies,and fora-their structure,mandate?
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Introduction to International Institutions
International institutions play a crucial role in maintaining global order, facilitating cooperation, and addressing transnational challenges. They include organizations, agencies, and forums that operate at various levels.
1. United Nations (UN)
- Structure: Comprises 193 member states, with key bodies including the General Assembly, Security Council, and International Court of Justice.
- Mandate: To promote peace, security, and human rights, and to foster international cooperation.
2. World Bank Group
- Structure: Consists of five institutions, including the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
- Mandate: To provide financial and technical assistance for development projects aimed at reducing poverty and promoting sustainable development.
3. International Monetary Fund (IMF)
- Structure: 190 member countries, governed by a Board of Governors and an Executive Board.
- Mandate: To ensure monetary cooperation, facilitate international trade, and promote financial stability and economic growth.
4. World Trade Organization (WTO)
- Structure: 164 member countries, with a Ministerial Conference and a General Council.
- Mandate: To regulate international trade and ensure that trade flows as smoothly, predictably, and freely as possible.
5. North Atlantic Treaty Organization (NATO)
- Structure: 31 member countries with a collective defense agreement.
- Mandate: To ensure mutual defense and security among its members, primarily in response to military threats.
6. African Union (AU)
- Structure: Comprises 55 African states with an Assembly and a Commission.
- Mandate: To promote unity and cooperation among African nations, addressing political and economic issues.
Conclusion
These institutions are vital for addressing complex global issues, fostering development, and enhancing international collaboration. Their structured mandates guide their operations and effectiveness in the international arena.
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Read the information given below carefully and answer.The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.In the year 2008 G-20 was elevated to a leader’s Summit. Which of the following best describes the reason for such a move?

Read the information given below carefully and answer.The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?

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Important international institutions, agencies,and fora-their structure,mandate?
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