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PIB Summaries 24 May 2022

CONTENTS

  1. Investment Incentive Agreement
  2. World Health Assembly

Investment Incentive Agreement


Focus: GS II- International Relations

Why in News?

The Government of India and the Government of the United States of America has signed an Investment Incentive Agreement (IIA) at Tokyo, Japan.

About Investment Incentive Agreement

  • The IIA was signed by Foreign Secretary, Government of India, and Chief Executive Officer, U.S. International Development Finance Corporation (DFC).
  • This IIA supersedes the Investment Incentive Agreement signed between the Government of India and the Government of the United States of America in the year 1997.
  • Significant developments have taken place since the signing of the earlier IIA in 1997 including the creation of a new agency called DFC, a development finance agency of Government of USA, as a successor agency of the erstwhile Overseas Private Investment Corporation (OPIC) after the enactment of a recent legislation of USA, the BUILD Act 2018.

Click Here To Read More: Investment Incentive Agreement


World Health Assembly


Focus: GS-III International Relations, Prelims

Why in News?

Union Minister of Health and Family Welfare addressed 75th session of World Health Assembly WHO HQ, Geneva.

World Health Organization (WHO)

  • The World Health Organization (WHO) is a specialized agency of the United Nations responsible for international public health.
  • It is headquartered in Geneva, Switzerland.
  • Its main objective is ensuring “the attainment by all peoples of the highest possible level of health.”
  • The WHO’s broad mandate includes advocating for universal healthcare, monitoring public health risks, coordinating responses to health emergencies, and promoting human health and well-being.
  • The World Health Assembly (WHA), composed of representatives from all 194 member states, serves as the agency’s supreme decision-making body.

Click Here To Read more: World Health Assembly

 

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