International Current Affairs MCQs - 2026-07-28

The IMF and World Bank are key institutions that provide extensive research, data, and policy advice on global financial issues, including climate finance, often informing G20 deliberations and commitments.

G20 discussions often highlight the importance of blended finance, where public funds are used to leverage private investment, and de-risking mechanisms like guarantees and insurance, to make climate-resilient projects more attractive to private investors.

While there is a general understanding of the need for climate finance, significant disagreements persist within the G20 regarding the exact amount of the NCQG, the contributions from developed versus developing nations, and the allocation between supporting mitigation efforts and adaptation measures.

The Acquisition and Cross-Servicing Agreement (ACSA), signed between India and Japan, facilitates reciprocal provision of supplies and services for defence purposes, significantly boosting their maritime security cooperation and interoperability.

Beyond joint exercises, India and Japan are actively engaged in sharing intelligence on maritime domain awareness, enhancing interoperability, and building the capacity of other countries in the Indo-Pacific to ensure a free and open maritime environment.

JIMEX is a bilateral maritime exercise between the Indian Navy and the Japan Maritime Self-Defense Force (JMSDF) that primarily focuses on maritime security operations, including anti-submarine warfare and air defence.