S. KOREA TO INCREASE FINANCIAL SUPPORT FOR GREEN PROJECTS TO 13%

Highlights –

• S. Korea to increase financial support for green projects to 13%.
• S. Korea is planning to review the establishment of a climate response fund this year.
• S. Korea aims to achieve the goal of going carbon neutral by 2050.

IMF FORECASTS CONTRACTION OF 4.5 IN THE INDIAN ECONOMY IN FY21

Highlights

• In the month of April, the IMF had predicted growth of 1.9 percent for the FY21

• The IMF stated that the prolonged lockdown and slow recovery will lead to contraction in the GDP

• The IMF also forecasted India’s growth revival will ...