Consider the following statements with reference to Ocean Coordination Mechanism (OCM): 1. The Intergovernmental Oceanographic Commission of UNESCO has recently signed a MoU to establish Ocean Coordination Mechanism for the Wider Caribbean Region. 2. It will receive funding from the Global Environment Facility (GEF). Which of the above statements is/are correct?
Both 1 and 2
Why in the News?
"UNESCO-IOC Signs MoU to Establish Ocean Coordination Mechanism for Wider Caribbean Region with GEF Funding”
Statement 1: correct
The Intergovernmental Oceanographic Commission of UNESCO (UNESCO-IOC) has signed an MoU to establish the Ocean Coordination Mechanism (OCM) for the Wider Caribbean Region, aiming to enhance regional cooperation for the sustainable management of marine ecosystems and resources.
Statement 2: correct
The Ocean Coordination Mechanism (OCM) will receive funding from the Global Environment Facility (GEF), ensuring financial support for initiatives focused on promoting the sustainable development of the blue economy, marine conservation, and effective utilization of coastal and oceanic resources in the region.
Similar Questions
Which of the following best describes the primary objective of the Uttarakhand government's collaboration with Iceland?
Consider the following statements regarding the renewed India-Japan Bilateral Swap Agreement:
1. It permits both countries to swap their local currencies directly without involving the US dollar.
2. The primary goal is to stabilize exchange rates and ensure liquidity during financial crises.
3. The total value of the renewed agreement is significantly less than the previous agreement, reflecting reduced financial risk.
How many of the above statement is/are correct?
Important Questions from Agreements and MoU
Which one of the following was the venue of the 2nd BRICS Youth Summit of the Ministers, Officials and Youth Delegations?
With which of the following countries did India sign an agreement in February 2021 for the construction of Lalandar (Shatoot) Dam?
'Industry 4.0' is a complex cyber-physical system which synergies production with digital technologies. The Ministry of Railways and the Department of Science and Technology have joined hands in partnership with which institution for taking up a unique project on 'Industry 4.0'?
Prime Minister Narendra Modi visited Bangladesh in March 2021 in connection with the commemoration of three events. Which of the following is NOT one of them?
Receivables Exchange of India Ltd (RXIL) was incorporated in 2016 as a joint venture between Small Industries Development Bank of India (SIDBI) and the ______.
