CURRENT AFFAIRS

Detailed explanation-1: -International Day of Banks is celebrated on December 4 to recognise the importance of multilateral and international development banks in financing sustainable developments.

Detailed explanation-2: -Reform of the global financial architecture.

Detailed explanation-3: -Indian Navy Day is celebrated every year on 4 December to highlight the role, achievements, and difficulties that Navy people face. International Volunteer Day (IVD) is celebrated on 5 December every year.

Detailed explanation-4: -“Achieve sustainable development goals and improve the global financial architecture” is the theme of International Banks Day 2022. The theme targets one of the UN’s goals to alleviate global challenges like poverty and the quest for an amicable financial environment for the world.

Detailed explanation-5: -First International Banks Day The UN General Assembly decided to mark December 4th as International Banking Day and was celebrated for the first time in 2020.