A | New Delhi, Oct 17 (UNI) United Nations Secretary General Antonio Guterres will arrive India on Tuesday on a three day official visit.
This will be UNSG’s first visit to India, since he commenced his second term in office in January 2022. He had earlier visited India (in his first term) from 01- 04 October, 2018.
Informing about the visit, the Ministry of External Affairs said that the UN Secretary General will join Prime Minister Modi at the launch of the Mission LiFE (Lifestyle for Environment) booklet, logo and tagline on Thursday at Ekta Nagar, Kevadiya, Gujarat,
It may be recollected that the concept of LiFE was introduced by PM during COP26 at Glasgow in November 2021.
The Prime Minister had then urged the global community of individuals and institutions to drive LiFE as an international mass movement towards 'mindful and deliberate utilisation, instead of mindless and destructive consumption' to protect and preserve the environment.
Mission LiFE will be India’s signature initiative at the United Nations and other international platforms for showcasing climate action and early achievement of the Sustainable Development Goals.
Its central idea reflects India’s ethos of respect for Mother Nature and aims at piloting a focussed program that will mobilise 1 billion Indians to become pro-planet people (3P), who would practice simple environment and climate friendly behaviour/actions in their daily lives to promote a shared commitment to protect our planet.
Upon arrival, Guterres will pay tributes to the victims of the 26/11 terror attacks at the Taj Mahal Palace Hotel in Mumbai.
He will also deliver a public address at IIT Mumbai on the subject - India @75: UN-India Partnership: Strengthening South-South Cooperation.
External Affairs Minister Dr S. Jaishankar would hold bilateral discussions with the UNSG on issues of global concern, steps to deepen India’s engagement with the UN, including through India’s upcoming Presidency of the G20 and reformed multilateralism.
In Kevadiya, UNSG is expected to pay floral tributes at the Statue of Unity.
He will also be visiting India’s first solar-powered village in Modhera (Gujarat) and other development projects in the area. UNSG will also be visiting the Sun Temple in Modhera, before departing for his onward destination.
UNI ASU SHK2020。 Washington, Oct 14 (UNI) The global economy is "dangerously close" to a recession, as inflation remains elevated, interest rates rise, and growing debt burden hits the developing world, World Bank President David Malpass said.
"We've lowered our 2023 growth forecast from 3 per cent to 1.9 per cent for the global growth, that's dangerously close to a world recession," Malpass on Thursday said at a press conference during the IMF and World Bank annual meetings.
"All of the problems that people have taken note of, the inflation problem, the interest rate rises, and the cutoff of capital flow to developing world hit the poor hard," he said, highlighting the buildup of debt for developing countries.
"That's a world recessions could happen under certain circumstances," Malpass said.
In a study published in mid-September, the World Bank warned that as central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023, with a growth forecast of only 0.5 per cent.
The World Bank chief noted at the press conference that world population growth is estimated at 1.1 per cent per year. "So if you get much slower in terms of world growth, that means people are going backward," Malpass said in response to a question from Xinhua.
Citing a recent World Bank report, Malpass said that Covid-19 pandemic dealt the biggest setback to global poverty-reduction efforts since 1990, pushing about 70 million people into extreme poverty in 2020, and the war in Ukraine threatens to make matters worse.
According to the Poverty and Shared Prosperity Report, global median income declined by 4 per cent in 2020, the first decline since its measurements of median income began in 1990.
"So if we have a world recession now, that would also depress median income, meaning that the people in the lower half of the income scale are going down," Malpass said.
The World Bank chief also noted that he has been concerned about the concentration of capital in the world in the top end of the advanced economies.
"So that's, I think, one of the issues that the world has to deal with to allow capital to flow to new businesses and to developing countries, that would take a change in the direction of fiscal and monetary policies in the advanced economies," said Malpass.
The world is facing very challenging environment from the advanced economies, and that has serious implications, dangers for the developing countries, he said. "My deep concern is that these conditions and trends might persist into 2023 and 2024."
UNI/XINHUA PRT。
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