Current Affairs Global - 11 December 2014

1. Ebola fighters including doctors, nurses and other health officials who have been helping all the Ebola victims in West Africa region so far were collectively named as 'Person of the Year' for 2014 by Time Magazine. They have been awarded for their "tireless acts of courage and mercy" and for "risking, persisting, sacrificing and saving", as per the magazine.


"The rest of the world can sleep at night because a group of men and women are willing to stand and fight. For tireless acts of courage and mercy, for buying the world time to boost its defences, for risking, for persisting, for sacrificing and saving, the Ebola fighters are Time's 2014 Person of the Year," Editor Nancy Gibbs said explaining the publication's reasoning behind the choice.


2. The United Nations has projected world economic growth at 3.1% for next year 2015 and 3.3% for the year 2016. It also said that growth will be uneven in some regions in its annual economic report published yesterday. As per UN, the world-s largest economy, USA economy will grow by 2.8% in 2015 and 3.1% in 2016 due to improved business investments.


It has also said in its report that growth in the world's least developed economies will exceed the global average growth rate and strong household consumption will help East Asia to grow at the fastest pace. It has projected Indian economy to grow at 5.9% in 2015 and 6.3% in 2016.


3. Bhutan became the 181st member of Multilateral Investment Guarantee Agency (MIGA) this week after it has fulfilled all of its membership requirements to become the member of MIGA. MIGA is the political risk insurance and credit enhancement arm of the World Bank Group.


This inclusion will allow Bhutan-s private sector and corporations to explore external commercial borrowing (ECB) options to raise money from other countries. As a member of MIGA they can directly apply to MIGA for issuance of guarantee to attract Foreign Direct Investment (FDI).