India's Role in Global Economic Forums: From G20 to World Bank

India's Global Footprint

[{"selector":"#anim-b5484cbc-99f0-4edf-a19c-ca6a36e427cc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] As India prepares to host the annual G20 summit, we delve into other notable global economic forums that India is a part of and their mandates.

G20: A Premier Forum

[{"selector":"#anim-29583dac-3e6b-492a-a170-6e5f92ba0b18 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Founded in 1999, the G20 allows Finance Ministers and Central Bank Governors to discuss global economic and financial issues

The World Bank Group

[{"selector":"#anim-f5f3e253-5aa6-4dcc-896f-d6d111468425 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] A specialized UN agency, the World Bank aims to eradicate poverty and improve living standards through sustainable development initiatives.

IBRD

[{"selector":"#anim-82806ea0-a9ce-4027-942f-5712c8bd371a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Established in 1945, the IBRD focuses on sustainable development. India holds a 3.08% vote share in this institution.

IDA

[{"selector":"#anim-a5b27628-c1ec-4bc6-975f-f1c886de9de8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Created in 1960, IDA is the concessional arm of the World Bank, focusing on poverty reduction in the world's 79 poorest countries.

IFC

[{"selector":"#anim-5b3984f0-5df5-4af4-b6e9-44f18cb834db [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Created in 1960, IDA is the concessional arm of the World Bank, focusing on poverty reduction in the world's 79 poorest countries.

MIGA

[{"selector":"#anim-52bd5ba2-0f61-4e5b-958b-ea8f4991286a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Founded in 1988, MIGA aims to promote foreign direct investment into developing countries to support economic growth and poverty reduction.

ICSID

[{"selector":"#anim-e23de0c0-58f7-42da-b1b8-b7043434fcfe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] ICSID provides facilities for the conciliation and arbitration of international investment disputes.