♤ Still in existence the G-77 aims to promote collective economic interests, mutual cooperation for development and negotiating capacity on all major international economic issues within the United Nations system.

♤ Since January 2018, Egypt is the new Chair for the group.

8. Questions from Previous Years

♤ The World Bank and the IMF, collectively known as the Bretton Woods Institutions, are the two inter-governmental pillars supporting the structure of the world’s economic and financial order. Superficially, the World Bank and the IMF exhibit many common characteristics, yet their role, functions and mandate are distinctly different. Elucidate. (2013/ 200 words/10/ GS2)

♤ India has recently signed to become a founding member of New Development Bank (NDB) and also the Asian Infrastructure Investment Bank (AIIB). How will the role of the two Banks be different? Discuss the strategic significance of these two Banks for India. (2014/ 200 words/ 12.5/ GS2)

♤ WTO is an important international institution where decisions taken affect countries in a profound manner. What is the mandate of WTO and how binding are their decisions? Critically analyse India’s stand on the latest round of talks on food security. (2014/200 words/ 12.5/GS2).