TNPSC Current Affairs January 14 2017
India and United States has signed a Memorandum of
Understanding (MoU) to collaborate in the fields of developmental activities and
aid in third world countries. Its main vision is to reduce poverty globally
through sustainable economic growth.
The Memorandum of Understanding (MoU) is signed between Millennium
Challenge Corporation, the US Agency and Development Partnership Administration
(DPA) of the Ministry of External Affairs of India.
Millennium
Challenge corporation is a US Agency providing grants to fund to reduce poverty
through sustainable economic growth to poverty hit eligible countries. Development
Partnership Administration looks India’s implementation of development
cooperation programmes with partner countries.
As per the MoU, the 2 countries would collaborate on
exchange of information and experience in sectors or issues pertaining to
project development or implementation in partner countries
India and United states might also provide advisory or
technical assistance to third countries. The MoU also facilitates to officials
of 2 countries can site visits to cross-border or other relevant projects and
capacity building of partner countries.
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