Shaktimatha Today – Current Affairs

Friday, 27 February 2026

Daily Current Affairs – 28 February 2026

English | Page 10 | International Organizations

1. United Nations (UN)

Established: 1945
Headquarters: New York, USA

Main Organs:

General Assembly
Security Council
Economic and Social Council (ECOSOC)
International Court of Justice (ICJ)

Exam Focus: Permanent Members (P5) of the UN Security Council.

💰 2. International Monetary Fund (IMF)

Established: 1944 (Bretton Woods Conference)
Headquarters: Washington D.C.

Objective: Maintain global financial stability and provide financial assistance to member countries.

3. World Bank Group

Established: 1944
Headquarters: Washington D.C.

Components:

IBRD (International Bank for Reconstruction and Development)
IDA (International Development Association)

Focus: Development financing and poverty reduction.

4. World Trade Organization (WTO)

Established: 1995
Headquarters: Geneva, Switzerland

Role: Regulates international trade and resolves trade disputes.

5. QUAD (Quadrilateral Security Dialogue)

Members:

India
USA
Japan
Australia

Significance: Indo-Pacific security and strategic cooperation.

6. BRICS

Members:

Brazil
Russia
India
China
South Africa

Objective: Cooperation among emerging economies.

🎯 Prelims Quick Revision

UN – 1945 – New York
IMF – 1944 – Washington D.C.
World Bank – 1944 – Washington D.C.
WTO – 1995 – Geneva
QUAD – India, USA, Japan, Australia
BRICS – Emerging economies grouping

Mains Practice Question

“Evaluate India’s role in strengthening global governance institutions in the 21st century.” (250 words)