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World Cities Day 2023



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October 16, 2023

UNESCO names Rio de Janeiro as World Book Capital for 2025


The Director-General of UNESCO, Audrey Azoulay, designated Rio de Janeiro (Brazil) as the World Book Capital 2025.


World Book Capital


Photo: Seaside view, Catacumba Park, Rio de Janeiro, Brazil. UNESCO has named Rio de Janeiro as the World Book Capital for 2025. Image credit: Second-Half Travels.

Paris, October 12, 2023 — “Books are vital vehicles to access, transmit and promote education, science, culture and information worldwide. Thanks to books, we keep ourselves informed and entertained and can better understand our world. It is why UNESCO designates a World Book Capital each year. After Accra in 2023 and Strasbourg in 2024, I am pleased to announce the designation of Rio de Janeiro as the World Book Capital for 2025,” UNESCO Director-General Audrey Azoulay announced.

UNESCO and the World Book Capital Advisory Committee commended Rio de Janeiro’s demonstration of the importance of its literary heritage alongside a clearly defined vision and action plan to promote literature, sustainable publishing, and reading among young people tapping into digital technologies. It was the first time a Portuguese-speaking city was designated World Book Capital.

Rio de Janeiro is a huge seaside city in Brazil. In line with priorities expressed in the World Book Capital Charter, Rio de Janeiro conceives its project as having the ability to affect social change - through, for example, literacy, education, and poverty eradication - and bring sustainable economic benefit linked to the UN’s Sustainable Development Goals.

The year of celebrations will start on April 23, 2025, on World Book and Copyright Day.

Cities designated as UNESCO World Book Capitals undertake to promote books and reading for all ages and groups, within and across national borders, and to organize a program of activities for the year.

As the twenty-fifth city to bear the title since 2001, Rio de Janeiro follows:

The UNESCO World Book Capital Advisory Committee comprises representatives of the European and International Booksellers Federation (EIBF), the International Authors Forum (IAF), the International Federation of Library Associations (IFLA), the International Publishers Association (IPA), and UNESCO.

Source: UNESCO

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Edited & Posted by the Editor | 1:23 AM | View the original post





October 12, 2023

WIPO Director General visits CSIR New Delhi


WIPO


Photo: WIPO Director-General visits CSIR (Council of Scientific & Industrial Research) New Delhi. October 12, 2023.


New Delhi, October 12, 2023 — Mr. Daren Tang, Director General of the World Intellectual Property Organization (WIPO), along with other distinguished delegates from WIPO, visited the Traditional Knowledge Digital Library (TKDL) facility at the CSIR (Council of Scientific & Industrial Research). They participated in discussions on the CSIR Innovation System, TKDL, CSIR Technologies, and CSIR’s Current IP Strength & Strategy.

The CSIR team, led by Dr. (Mrs.) N. Kalaiselvi, Secretary, DSIR and Director General, CSIR, welcomed the distinguished guests, which included Prof. Unnat P. Pandit, Controller General of Patents, Designs & Trade Marks (CGPDTM), India.

Mr. Daren Tang elucidated WIPO’s vision to bring about more inclusiveness and to position it as a powerful catalyst to transform the IP system. He was happy to note the great strides CSIR is making as a critical Indian innovator. He appreciated the Organization’s activities, IP targeted at the Sustainable Development Goals (SDGs), Patinformatics, and IP Audit. Mr. Tang expressed WIPO’s support to CSIR for a meaningful and impactful journey together.

WIPO is a self-funding agency of the United Nations and the global forum for intellectual property (IP) services, policy, information, and cooperation. It has 193 member states. WIPO’s mission is to lead the development of a balanced and effective international IP system that enables innovation and creativity for the benefit of all. The Organization provides a policy forum to shape international IP rules, provides global services to protect IP across borders and resolve disputes, and facilitates cooperation and capacity building in all countries.

Source: Ministry of Science & Technology, Government of India

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— The editor is a WIPO Academy alumnus.




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Edited & Posted by the Editor | 2:26 PM | View the original post





October 10, 2023

IMF presents World Economic Outlook October 2023


IMF Report


Photo: IMF Chief Economist Pierre-Olivier Gourinchas delivers the World Economic Outlook on October 10, 2023. Image provided by & copyright © IMF.


IMF Report


Washington, DC, October 10, 2023 — The International Monetary Fund (IMF) has predicted that global growth will slow to 3% this year and 2.9% in 2024, according to Pierre-Olivier Gourinchas, head of the Fund’s Research Department. In the upcoming World Economic Outlook (WEO) report, the IMF’s Chief Economist said that the slowdown in growth will result from the widening divergence between economies. While the US and large emerging markets are expected to experience substantial growth, China and the Euro-area have received downward revisions. The report also found that headline inflation will decrease from 6.8% this year to 5.7% next year, while core inflation (excluding energy and food prices) will decline, though less significantly.

The quarterly WEO report shows that fears of a widespread recession among the world’s leading economies are receding. The report attributes the divergence between countries to three forces:

The University of California at Berkeley professor Gourinchas explained that while some advanced economies’ central banks are yet to reach their peak, others, such as Brazil or Chile, have already started to ease. The report warns that while risks are more balanced than last April, they remain tilted to the downside. It points to China’s main risk as growth slows down due to stress in the real estate sector. The report also cautions that commodity prices could become more volatile amid climate and geopolitical shocks and that financial markets could re-price if more significant inflation persists.

The report advises central banks looking to maintain growth and tackle inflation:

  1. It emphasizes the importance of price stability and calibrating monetary policy for country-specific recovery speeds and disinflation.
  2. It suggests that in most countries, fiscal policy needs to rebuild buffers by phasing out untargeted subsidies while protecting the vulnerable. It will also aid the fight against inflation
  3. Governments should focus on reforms that reduce structural impediments to growth, such as increasing labor supply

It will help countries grow faster, facilitate debt reduction, and lower inflation pressures.

Finally, the report highlights the need for multilateral efforts to address global challenges such as climate risks, food and energy security, trade tensions, and geoeconomic fragmentation. The report calls for a robust global financial safety net with a well-resourced IMF.

Source: IMF

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Edited & Posted by the Editor | 3:10 PM | View the original post





October 4, 2023

G20 Leaders look forward to Paris 2024 “as a symbol of peace” and “with the participation of all.”


G20, IOC


New Delhi, October 3, 2023 — The Heads of State and Heads of Government of the G20, who met in New Delhi, India, declared their strong support for the Olympic Games Paris 2024. India currently holds the G20 Presidency with Prime Minister Narendra Modi.

The G20 New Delhi Leaders’ Declaration said: “We reiterate our commitment to the G20 as the premier forum for global economic cooperation and its continued operation in the spirit of multilateralism, based on consensus, with all members participating on an equal footing in all its events including Summits.”

It continued: “We also look forward to the Paris Olympic and Paralympic Games in 2024 as a symbol of peace, dialogue amongst nations, and inclusivity, with participation of all.”

IOC (International Olympic Committee) President Thomas Bach welcomed the statement. He said in Lausanne: “We would like to thank very warmly the G20 Leaders, who include the African Union for the first time, for their invaluable support. The IOC will continue to work with full commitment to achieve these goals, which are also our goals.”

The Group of Twenty (G20) comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, the United Kingdom and the United States), the African Union (AU) and the European Union (EU). The G20 members represent around 85 percent of the global GDP, over 75 percent of international trade, and about two-thirds of the world’s population.

Source: IOC (International Olympic Committee)

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September 30, 2023

UNESCO showcases Advancements in Skills Recognition, Qualifications, and Prior Learning Credit.


Unesco Universities


Photo: Unesco Director-General at the inauguration of the monumental work of Portuguese graffiti and street artist VHILS at the Unesco Headquarters in Paris. July 12, 2023. Image provided by & copyright © UNESCO/Christelle ALIX. [File Photo]


Unesco Qualifications


Paris, September 30, 2023 — UNESCO has been a leading advocate for recognizing skills, qualifications, and prior learning. It plays a crucial role in shaping policies and practices that facilitate mobility, enhance employability, and broaden access to education and training opportunities.

On September 27, 2023, UNESCO hosted a webinar attended by around 180 participants to showcase recent work in skills recognition, qualifications, and recognition of prior learning. The event provided a platform for sharing research findings, discussing best practices, and facilitating global dialogue on these critical topics.

During the webinar, participants learned about the findings of a cross-country analysis of qualifications frameworks presented in the recently published Global Inventory of Regional and National Qualifications Frameworks, Volume II: National and Regional Case Studies. This publication, created in collaboration with partners Cedefop and the European Training Foundation (ETF), offers policy-makers, educators, researchers, and experts information on recent developments in this field.

Volume II includes 79 national qualifications framework country chapters from all continents and four regional qualifications frameworks. A cross-country analysis of case studies examines the objectives, functions, and characteristics of national qualifications frameworks and their contributions to broader educational and training systems.

The webinar also featured presentations on the upcoming UNESCO Manual for Recognition of Prior Learning. It is a practical guide for stakeholders involved in planning, developing, and implementing recognition of prior learning systems. The manual draws insights from country experiences and offers valuable lessons and policy considerations.

UNESCO believes education is a fundamental human right and a powerful tool for more inclusive and sustainable societies. Recognizing skills and qualifications, including those acquired informally, is crucial to this mission. Learning often occurs outside the traditional classroom through life experiences, informal employment, and self-directed study. UNESCO acknowledges the value of non-formal and informal learning experiences and works towards their recognition and validation.

Through its initiatives, research, and collaborative efforts with Member States, UNESCO continues to pave the way for individuals to harness their talents, access educational opportunities, and thrive in a rapidly changing global job market. As we look to the future, the work of UNESCO remains essential in unlocking the potential of learners and workers worldwide.

Source: UNESCO

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— The editor, a Member of the Association of Higher Education Professionals, is a UNESCO IIEP certified HE Planning Consultant.


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Edited & Posted by the Editor | 11:02 AM | View the original post





September 26, 2023

Minister for External Affairs of India, Subrahmanyam Jaishankar, addresses the United Nations General Assembly


UN General Assembly, Jaishankar


Photo: Subrahmanyam Jaishankar, Minister for External Affairs of India, addresses the general debate of the General Assembly’s seventy-eighth session. September 26, 2023. New York. United States of America. UN Photo/Cia Pak.


UN General Assembly, Jaishankar


Photo: Secretary-General António Guterres (right) meets with Subrahmanyam Jaishankar, Minister for External Affairs of the Republic of India. September 25, 2023. New York. United States of America. UN Photo/Rick Bajornas.


UN General Assembly, Jaishankar


Photo: Dennis Francis (right), President of the seventy-eighth session of the General Assembly, meets with Subrahmanyam Jaishankar, Minister for External Affairs of the Republic of India. September 25, 2023. New York. United States of America. UN Photo/Eskinder Debebe.


• Following is the full text of the Speech of Mr. Subrahmanyam Jaishankar, Minister of External Affairs of India, at the UN General Assembly on September 26, 2023:


Source: United Nations

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Edited & Posted by the Editor | 3:00 PM | View the original post





September 18, 2023

UNESCO inscribes India's Santiniketan on UNESCO World Heritage List


Santiniketan, Unesco


Photo: Interiors of Upasana Mandir, Santiniketan. Image provided by & copyright © Abha Narain Lambah Associates / UNESCO.


Paris, France, September 17, 2023 — Santiniketan, a cultural site in Birbhum district, West Bengal, India, has been inscribed on the UNESCO World Heritage List. The site is well-known for the university town of Visva-Bharati, established over a century ago by poet Rabindranath Tagore.

The announcement was made on Sunday by UNESCO on ‘X,’ congratulating India on getting the UNESCO tag for Santiniketan. The country had been working towards securing this recognition for a long time.

The UNESCO World Heritage Committee included Santiniketan in the UNESCO World Heritage List during its 45th session in Saudi Arabia. The International Council on Monuments and Sites (ICOMOS) had made the recommendation. ICOMOS is an international non-governmental organization dedicated to conserving and enhancing heritage sites worldwide.

Rabindranath Tagore, a renowned poet and philosopher, founded Santiniketan in rural West Bengal in 1901. The institution’s primary goal was to promote the unity of humanity, transcending religious and cultural boundaries. In 1921, the institution became a “world university” named “Visva Bharati,” further solidifying its vision of creating a global community that values unity and diversity.

Visva-Bharati, located in Santiniketan, is one of the most prestigious universities in India, with degree courses in humanities, social science, science, fine arts, music, performing arts, education, agricultural science, and rural reconstruction. Visva-Bharati was declared a central university and an institution of national importance by an Act of Parliament in 1951. The Prime Minister of India is the University’s Chancellor.

Sources: UNESCO, Santiniketan

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• UPDATE September 18, 2023


Unesco Heritage Hoysala


Photo: Sacred Ensembles of the Hoysala’ in Karnataka, India, inscribed on the UNESCO World Heritage List. Image provided by & copyright © INTACH Bengaluru Chapter / UNESCO.


‘Sacred Ensembles of the Hoysala,’ the Hoysala temples of Belur, Halebid, and Somnathapura in Karnataka, India, have been inscribed on the UNESCO World Heritage List.

The world body announced in a post on X on Monday, a day after Santiniketan, the famed place in West Bengal where poet Rabindranath Tagore built Visva-Bharati over a century ago, received the coveted tag.

“Just inscribed on the @UNESCO #WorldHeritage List: Sacred Ensembles of the Hoysalas, #India. Congratulations!” UNESCO posted on X.

Source: UNESCO

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Edited & Posted by the Editor | 3:20 PM | View the original post





September 15, 2023

UNESCO invites Applications for its 2023 Young Professionals Programme.


UNESCO, Paris


Photo: UNESCO Headquarters Paris. Digital Learning Week. September 04, 2023. Image provided by & copyright © UNESCO/Lily CHAVANCE.


Paris, France, September 15, 2023 — UNESCO has launched the Young Professionals Programme 2023 and is inviting Applications.

The Programme aims to achieve four objectives:

UNESCO has asked the National Commissions of various Countries to collect and submit a maximum of 15 qualified applications that meet the required criteria.


UNESCO, India


UNESCO


Source: Indian National Commission for Cooperation with UNESCO, Government of India, Ministry of Education, Department of Higher Education.

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Edited & Posted by the Editor | 1:56 AM | View the original post





September 10, 2023

President of India hosts Gala Dinner for World Leaders attending the G20 Summit in New Delhi.


G20 India Dinner


G20 India Dinner


G20 India Dinner


G20 India Dinner


G20 India Dinner


G20 India Dinner


G20 India Dinner


Photos: The President of India, Smt. Droupadi Murmu and Prime Minister Modi welcomed the World leaders for a gala dinner at Bharat Mandapam in Pragati Maidan, New Delhi, on September 09, 2023.


New Delhi, September 09, 2023 — India’s President, Smt. Droupadi Murmu hosted a Gala Dinner on September 9, 2023, for global leaders attending the G20 Summit, and it was a magnificent display of Indian warmth, hospitality, and cultural heritage. The event at Bharat Mandapam in Pragati Maidan, New Delhi, allowed guests from G20 nations, guest countries, and international organizations to experience India’s rich offerings. The Gala Dinner embodied India’s time-honored tradition of Atithi Devo Bhava, emphasizing the importance of treating guests as gods. Through this event, India hopes to promote international cooperation and understanding, leading to a brighter future for all.

Source: President’s Secretariat

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Edited & Posted by the Editor | 11:39 AM | View the original post





September 9, 2023

World Leaders sign the "G20 New Delhi Leaders' Declaration"


G20 Summit New Delhi


G20 Summit New Delhi


Photo: Prime Minister Modi in a bilateral meeting with the Prime Minister of Italy, Ms. Giorgia Meloni, during the G20 Summit in New Delhi on September 09, 2023.


G20 Summit New Delhi


Photo: Prime Minister Modi’s remarks at G20 Summit on ‘One Family’ at Bharat Mandapam, Pragati Maidan, New Delhi on September 09, 2023.


G20 Summit New Delhi


Photo: International Media persons preparing for the G20 Summit at the International Media Centre (Bharat Mandapam) in Pragati Maidan, New Delhi, on September 09, 2023.


G20 Summit New Delhi


Photo: Prime Minister Modi receives world leaders at G20 Summit, in Bharat Mandapam (Pragati Maidan), New Delhi on September 09, 2023.


G20 Summit New Delhi


Photo: Glimpse of Craft exhibition at Bharat Mandapam during G20 Summit, in Pragati Maidan, New Delhi on September 09, 2023.


New Delhi, September 09, 2023 — The G20 Summit was held in New Delhi. As the current G20 president, India welcomed world leaders from across the globe. Prime Minister Modi emphasized our shared responsibility to make the world a better place and called for a more human-centric approach to tackle the challenges of the 21st century.

He invited the world to work together to transform the global trust deficit into worldwide trust and confidence. These challenges include a turbulent global economy, the North-South divide, terrorism, cybersecurity, and ensuring health, energy, and water security.

India’s G-20 presidency symbolizes inclusivity, with over 200 meetings nationwide in more than 60 cities. In his welcome address, Prime Minister Modi concluded by urging everyone to collaborate and make the world a better place.

The leaders agreed and signed the “New Delhi Leaders’ Declaration” during the meeting. Prime Minister Modi expressed his gratitude to all G20 members for their support and cooperation in achieving this significant milestone, emphasizing the importance of collaboration and unity in achieving common goals.

The fact that the G20 members reached a consensus demonstrates their collective commitment to building a more prosperous, harmonious, and sustainable future for all.

Source: G20 India

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Edited & Posted by the Editor | 1:23 PM | View the original post





September 8, 2023

World Leaders arrive in New Delhi for the G20 Summit.


G20 Delhi


Photo: Prime Minister Modi in a bilateral meeting with the President of the United States, Mr. Joe Biden, in New Delhi on September 08, 2023.


G20 Delhi


Photo: The Secretary-General of the United Nations, Mr. António Guterres, arrives for the G20 Summit at Palam Airforce Airport in New Delhi on September 08, 2023.


G20 Delhi


Photo: The Prime Minister of Italy, Ms. Giorgia Meloni, receives a warm welcome from the Union Minister of State for Agriculture & Farmers’ Welfare, Smt. Shobha Karandlaje on her arrival for the G20 Summit at Palam Airforce Airport in New Delhi on September 08, 2023.


G20 Delhi


Photo: The Managing Director of the International Monetary Fund, Ms. Kristalina Georgieva, arrives at IGI Airport Terminal-3 on the upcoming G20 Summit in New Delhi on September 07, 2023.


G20 Delhi


Photo: The Prime Minister of the United Kingdom, Mr. Rishi Sunak, and the First Lady of the United Kingdom, Ms. Akshata Murty, receive a warm welcome from the Minister of State for Consumer Affairs, Food & Public Distribution, Environment, Forest and Climate Change, Shri Ashwini Kumar Choubey on their arrival for the G20 Summit at Palam Airforce Airport, in New Delhi on September 08, 2023.


New Delhi, September 08, 2023 — The G20 Summit in New Delhi welcomed world leaders from various countries, including the President of the United States, Joe Biden. The summit also saw the arrival of the Secretary-General of the United Nations, António Guterres, and the Managing Director of the International Monetary Fund, Kristalina Georgieva. The Indian hosts warmly welcomed the leaders upon their arrival at the airport. The summit provides a platform for these leaders to discuss critical global issues and find constructive solutions to address them. The bilateral meeting between Modi and Biden was particularly significant, and the discussions between the two leaders would positively impact the relationship between India and the US. The arrival of the Prime Minister of Italy, Giorgia Meloni, and the Prime Minister of the United Kingdom, Rishi Sunak, also added to the summit’s diversity and provided an opportunity for fruitful discussions. Overall, the G20 Summit in New Delhi is a constructive and significant event that brings together world leaders to address pressing global issues.

Source: G20 India

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Edited & Posted by the Editor | 12:54 PM | View the original post





G20 Summit: Delhi Metro Tourist Smart Cards for Exploring the Capital City


G20 Summit India

Photo: Delhi Metro Tourist Smart Cards for Exploring the Capital City.


New Delhi, India, September 08, 2023 — Starting September 4, 2023, Delhi Metro is offering ‘Tourist Smart Cards’ to G-20 delegates and international visitors who want to explore Delhi’s popular tourist places. These cards are available ten days from selected Metro stations, where dedicated counters are set up for sale.

The Tourist Smart Cards come in two categories: One-Day and Three-Day Validity. They offer unlimited rides in the Metro network, allowing tourists to travel seamlessly in the entire network from the first train to the last train service available for the day. The One-day validity Tourist Smart Card costs Rs. 200/-, while the three-day validity card costs Rs. 500/-, which includes a refundable security deposit of Rs. 50/-.

Tourist Smart Cards are available at all Metro stations across the network. The cards benefit tourists greatly as the Metro levies no penalties or surcharges in case of entry/exit mismatch, overstay in the system, or overstepping.

Delhi Metro is India’s largest Metro network and one of the largest in the world. It is well connected to almost all the prominent tourist destinations in the city, including Red Fort, Jama Masjid, Akshardham Temple, and Kalkaji Temple. Tourists can travel seamlessly to these places using these cards on various corridors of the Delhi Metro. To plan their journeys, tourists can download the ‘Delhi Metro Rail’ app, which includes a dedicated Tour Guide section on the home page with a list of all stations and nearby tourist places.

• Delhi Metro Stations with dedicated Tourist Smart Card Counters:

Source: G20 India

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Edited & Posted by the Editor | 2:28 AM | View the original post





September 7, 2023

The Government of El Salvador presented a Painting, "City Life in Motion," to the United Nations.


United Nations


United Nations


Photos: Egriselda Aracely González López (left), Permanent Representative of El Salvador to the United Nations, presents a painting to Secretary-General António Guterres. The painting, a gift to the United Nations from the Government of El Salvador, is made by artist Gerardo Gómez and entitled “Vida en la Ciudad en Movimiento” (City Life in Motion). August 30. 2023. New York. United States of America. UN Photo/Eskinder Debebe.

Source: United Nations

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Edited & Posted by the Editor | 11:47 AM | View the original post





August 28, 2023

UNESCO IIEP announces Six Priority Areas


To mark its 60th anniversary, UNESCO IIEP (UNESCO International Institute for Educational Planning) presents six key thematic areas for planning education for a stronger, more equitable future.


Unesco


Unesco


Paris, France, August 28, 2023 — As UNESCO IIEP (UNESCO International Institute for Educational Planning) celebrates its 60th anniversary, it has presented six crucial areas for education planning that will pave the way for a stronger, more equitable future.

Many factors affect education, from technological advancements to conflict and climate change. To ensure effective policy planning and implementation, education planners and managers must stay up-to-date with new approaches and tools and constantly update their practices.

UNESCO IIEP is a learning institute that stays abreast of new trends and contributes to how planning evolves. It helps countries achieve their education goals by using an integrated approach to capacity development and providing findings and experiences from its research and development, training, and technical cooperation.

UNESCO IIEP recognizes that using and managing data for planning is critical for education systems to be inclusive, transparent, resilient, flexible, and oriented to student learning.

UNESCO IIEP (UNESCO International Institute for Educational Planning) is an arm of UNESCO created in 1963 in Paris, France. It develops the capacities of education actors to plan and manage their education systems through training, technical assistance, policy research, and knowledge-sharing programs. It also issues country-specific information for use by local educational administrations, such as, for example:


Source: UNESCO IIEP

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— The editor is a “UNESCO IIEP Certified Higher Education Consultant.”


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Edited & Posted by the Editor | 10:46 AM | View the original post





July 25, 2023

International Monetary Fund (IMF) updates its World Economic Outlook.


IMFJuly 2023 Outlook


IMFJuly 2023 Outlook


IMFJuly 2023 Outlook


Washington, DC, July 25, 2023 — The International Monetary Fund (IMF) announced in a press briefing on July 25, 2023, that the global economy is gradually recovering from the pandemic and Russia’s invasion of Ukraine. The briefing marked the release of July’s update of the World Economic Outlook report.

According to the IMF’s baseline forecast, global growth will slow from 3.5% in 2022 to 3.0% this year and the next. However, this is an upgrade of 0.2 percentage points for 2023 from the IMF’s April projections.

IMF’s Chief Economist, Pierre-Olivier Gourinchas, stated that global economic activity has been resilient in the first quarter of this year, resulting in a modest upward revision for global growth in 2023. Although some positive changes have occurred since April, such as the recovery of supply chains and the decrease in COVID-19 cases, inflation remains high, and monetary policy tightening has raised borrowing costs, constraining economic activity. Gourinchas expressed concern about medium-term growth prospects and declining household purchasing power.

While some adverse risks have moderated, the balance remains tilted to the downside. Gourinchas highlighted that the main policy priority now is to conquer inflation. Central banks in economies with elevated and persistent core inflation should continue to signal their commitment to reducing inflation. Fiscal policy should tighten to rebuild fiscal buffers and reinforce the overall credibility of disinflation strategies, with targeted support for the most vulnerable.

Improvements to the economy’s supply side would facilitate fiscal consolidation and a smoother inflation decline toward target levels. Gourinchas urged urgent action to strengthen global cooperation on climate policies, international trade, or debt restructuring to address common challenges. The outlook has improved since April, but the balance of risks remains tilted downward, IMF concluded.

Source: IMF

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— The Editor is a Financial Market Analyst with IMF Academic Certification.


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Edited & Posted by the Editor | 3:41 PM | View the original post





July 24, 2023

India has 40 Sites on the UNESCO World Heritage List.


Taj Mahal


Photo: The Taj Mahal, Agra, India. The Taj Mahal was granted UNESCO World Heritage Site status in 1983. Image Credit: Otis Yang.


New Delhi, July 24, 2023 — India currently has 40 sites on the UNESCO World Heritage List.

Additionally, there are 52 sites on the UNESCO Tentative List, with six sites added in 2022.

It is a prerequisite for any property to be included in the Tentative List before UNESCO can consider it for World Heritage Site status. The Tentative List is continuously augmented. According to the UNESCO Operational Guidelines in 2021, a country can nominate only one cultural or natural property annually for the inscription process.

Furthermore, the inclusion of any site requires meeting the criteria of authenticity and integrity and providing justification for its Outstanding Universal Value.

Minister of Culture, Tourism, and Development, G Kishan Reddy, provided this information in the Lok Sabha today.

Source: Ministry of Culture, Government of India

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Edited & Posted by the Editor | 7:56 AM | View the original post





July 18, 2023

IMF Managing Director Kristalina Georgieva Urges G20 Leadership to Strengthen the Global Financial Safety Net


G20 Finance


Photo: IMF Managing Director Kristalina Georgieva addresses the G20 Central Bank Governors Meeting in Gandhinagar, Gujarat, India, on July 18, 2023. (Image provided by Ministry of Finance, Government of India.)


IMF-G20-0001.jpg


Photo: IMF G20 Chart on Global Inflation.


Gandhinagar, India. July 18, 2023 — Managing Director of the International Monetary Fund, Kristalina Georgieva, thanked the Indian government for their hospitality and praised Finance Minister Nirmala Sitharaman and Central Bank Governor Shaktikanta Das for their leadership during the G20 meeting in Gandhinagar, India.

Georgieva discussed the global economy’s resilience despite recent shocks and rising interest rates but noted that medium-term growth prospects remain weak and economic disparities across countries are a concern.

She called for G20 leaders to take domestic and international policy action to move the global economy onto a more vibrant medium-term path, emphasizing the need to durably bring inflation down, rebuild fiscal buffers, and implement growth-enhancing reforms.

She said that our world is wealthier than when the current international financial architecture was established, but it’s also more fragile. The global economy is resilient, but this resilience isn’t distributed evenly.

The IMF Chief concluded that we could achieve a more vibrant and inclusive future by implementing domestic policy actions to improve growth prospects and international action to support vulnerable members of our global community.

Source: IMF

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— The Editor holds IMF’s Academic Certification in Financial Market Analysis, an exceptional credential.


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Edited & Posted by the Editor | 4:16 PM | View the original post





July 17, 2023

G20 Finance Ministers and Central Bank Governors (FMCBG) Meetings take place in Gandhinagar, Gujarat, India


G20 Finance


G20 Finance


G20 Finance


G20 Finance


Gandhinagar, Gujarat, India, July 17, 2023 — The G20 Finance Ministers and Central Bank Governors meetings are taking place in Gandhinagar, Gujarat, India, on July 17-18, 2023.

Smt. Nirmala Sitharaman, Union Finance & Corporate Affairs Minister, and Dr. Shaktikanta Das, the Reserve Bank of India Governor, are chairing the meetings.

Participants include Finance Ministers and Central Bank Governors from G20 members, guest countries, and heads of International Organizations such as IMF, World Bank, and WTO.

The meetings are organized into five thematic sessions:

G20 India will organize a special cultural program called Ratri Bhoj Par Samvad for the delegates of the G20 summit.

The organizers have also planned excursions to the vibrant state of Gujarat for the delegates on July 19, 2023, which include guided tours of Ahmedabad City, Patan and Modhera, and the Statue of Unity in Kevadia, Gujarat.

Source: Ministry of Finance, Government of India

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Edited & Posted by the Editor | 10:56 AM | View the original post





The United States becomes the 194th Member State of UNESCO


USA, UNESCO


UNESCO, USA


Paris, France, July 15, 2023 — The United States officially became the 194th Member State of UNESCO after accepting the Constitution of the United Nations Education, Culture, and Science (UNESCO) on July 10.

The Secretary of State of the United States, on behalf of the country, signed the United States Document of Acceptance to the UNESCO Constitution and deposited it with the government of the United Kingdom of Great Britain and Northern Ireland, the depositary of UNESCO’s Constitution.

“The return of the United States to UNESCO is complete: it has officially become a Member State of our Organization once again. It is excellent news for UNESCO. The momentum we have regained in recent years will now continue to grow. Our initiatives will be stronger worldwide,” said Audrey Azoulay, UNESCO Director-General.

The United States had cited the successful modernization of the organization, its management reforms, mediation efforts, and new initiatives to tackle contemporary challenges as reasons for rejoining.

Source: UNESCO

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Edited & Posted by the Editor | 5:10 AM | View the original post





July 16, 2023

UNESCO Member States agree on the Revised Recommendation for Education after an Intergovernmental Special Committee Meeting.


Unesco Education


Unesco Education


Unesco Education


Unesco Education


Unesco Education


Photos: UNESCO Intergovernmental Special Committee meeting on Education. July 10, 2023. UNESCO Headquarters, Paris, France. Images provided by & copyright © UNESCO / Lily CHAVANCE.


Paris, France, July 15, 2023 — UNESCO Member States have agreed on a revised version of the 1974 Recommendation on Education for international understanding, cooperation, peace, human rights, and fundamental freedoms. The document provides a roadmap for Education in the 21st century to promote global citizenship and sustainable development in the face of current threats and challenges. The revised text updates guidance and introduces new concepts like gender equality, global citizenship education, Education for sustainable development, lifelong and life-wide learning, and digital competencies.

The Recommendation underwent a thorough revision process that involved 3000+ experts from 130+ countries, including educators, NGOs, academics, youth, intergovernmental and UN organizations, and individual experts.

Ms. Stefania Giannini, UNESCO’s Assistant Director General of Education, stated that during the revision process, Member States collaborated and showed commitment. The revised Recommendation promises to provide learners worldwide with the knowledge and tools they need to become enlightened citizens, capable of grasping opportunities and addressing the challenges of our time with respect for others and values of peace, coexistence, and cooperation.

The UNESCO Intergovernmental Special Committee on Education revised the text after two meetings in May-June and July 2023. The seven-day discussions involved over 200 delegates from 112 countries and 50 observers.

UNESCO Administration will present the Recommendation to the UNESCO General Conference for adoption. After adoption, UNESCO and Member States will produce and publish the Implementation Guide.

Prof. Anil Sahasrabudhe, Chairman of the Executive Committee of the National Assessment and Accreditation Council (NAAC), represented India in these UNESCO Inter-Governmental Special Committee deliberations at UNESCO Headquarters in Paris.

Source: UNESCO

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— The Editor is a Higher Education Planning Consultant with UNESCO IIEP Credentials.


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Edited & Posted by the Editor | 2:22 PM | View the original post






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