Recently India has provided economic assistance of 1 million dollars to Papua New Guinea to deal with the crisis.

Daily Current Affairs / Recently India has provided economic assistance of 1 million dollars to Papua New Guinea to deal with the crisis.

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Category : Business and economics Published on: December 09 2023

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Papua New Guinea is an island country located in the Pacific Ocean.
Recently there has been a massive volcanic eruption in Papua New Guinea.
This explosion took place in a large volcano named Mount Ulawun.
The Government of India has given financial assistance of 1 million dollars to Papua New Guinea to deal with this crisis.
This assistance has been given under the Forum for India-Pacific Islands Cooperation (FIPIC).
Disaster risk reduction and management is a key pillar of India's Indo-Pacific Oceans Initiative announced by Prime Minister Narendra Modi in November 2019.