competition wizard

competition wizard

competition wizard Published this article page no   61 OPEC (HQ Vienna) is a permanent intergovernmental Organization created at the Baghdad Conference 1960. Objectives o To coordinate and unify petroleum policies among member countries. o To secure fair and stable prices for petroleum producers. o To ensure an efficient economic and regular supply of petroleum to consuming nations and a fair return on capital to those investing in the industry. The 10 nonOPEC countries which export crude oil are termed as OPEC Plus(+) countries. These include Azerbaijan Bahrain Brunei Kazakhstan Malaysia Mexico Oman Russia South Sudan and Sudan. o It came into existence to counteract other nations capacity to produce oil which could limit OPECs ability to control supply and price. Asian Infrastructure Investment Bank (AIIB) Former RBI governor Urjit Patel was appointed vicepresident of the AIIB. AIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia. o It was established in 2015 and is headquartered in Beijing India is a founding member and second largest shareholder in AIIB with 7.6% voting shares while China holds 26.5 % voting shares being the largest. AIIB has approved more loans for India (28 projects amounting to $6.7 billion) than any other member. Reporters Without Borders (RSF) Based in Paris it is one of the worlds leading NGOs in the defense and promotion of freedom of information. o It has consultative status with United Nations UNESCO and Council of Europe. o It publishes annually the World Press Freedom Index competition wizard buy.

competition wizard