The Hindu Editorial Vocabulary – Set 4

The Hindu Editorial Vocabulary Words with Meanings for various Exams: SBI PO/Clerk, IBPS PO/Clerk, RRB, RBI, LIC, NABARD, SEBI, SSC, UPSC, IPPB, etc.

We are providing vocabulary words from the Editorial articles The Hindu newspaper which are important for the all upcoming competitive exams. Add some more words to your English vocabulary words list.

 

TOPIC – Financing Economic Recovery

As the socio-economic impacts of the pandemic spread across Asia and the Pacific, finance ministries are continuing their efforts to inject trillions of dollars for emergency health responses and fiscal packages. With continued lockdown measures and restricted borders, economic rebound seems uncertain. Compared to 2019’s economic situation, over the past six months, countries in Asia and the Pacific have been experiencing sharp drops in foreign exchange inflows due to declines in export earnings, remittances, tourism and FDI. This is worrying as policymakers are tackling difficult choices over how to prioritise development spending, while continuing to expand their squeezed fiscal space. The United Nations is contributing through a global initiative, Financing for Development in the Era of COVID­19 and Beyond, co-convened by Canada and Jamaica, to articulate a comprehensive financing strategy to safeguard the Sustainable Development Goals. Governments are united to ensure that adequate financial resources are available to steer an inclusive, sustainable and resilient post­COVID­19 recovery. In the AsiaPacific region, several countries have already adopted financing plans in three key areas. They aim to address the challenge of diminished fiscal space and debt vulnerability;  to ensure sustainable recovery, consistent with the ambitions of the Paris Agreement and the 2030 Agenda; and to harness the potential of regional cooperation in support of financing for development. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has recently launched its first­ever Regional Conversation Series on Building Back Better. We are joining forces with ministers, decision­makers, private sectors and heads of international agencies to share collective insights on sharing pathways to resilient recovery from health pandemic and economic collapse. To improve the fiscal space and manage high levels of debt distress, a growing call for extending the debt moratorium under global initiatives like the Debt Service Suspension initiative is timely. Central banks can continue to keep the balance of supporting the economy and maintaining financial stability. This further involves enhancing tax reforms and improving debt management capacities, while using limited fiscal space to invest in priority sectors. Exploring sustainability­ oriented bonds and innovative financing instruments options such as debt swaps for SDG investment should be explored       further. In addition to economic considerations, the policy paradigm must mainstream affordable, accessible and green infrastructure standards, while promoting social equality and environmental sustainability principles as enshrined in the Paris Agreement. As we scale up the use of   digital technology and innovative applications, the financing support of micro, small and medium sized enterprises must go hand in hand with these national job-­rich recovery strategies.

 

The Hindu Editorial Words with meanings, synonyms and antonyms 

Pandemic (adjective) – Prevalent over a whole country or the world

Synonyms – Widespread, Rife, Rampant, Epidemic, Global

Antonyms – SpecificEcdemicEndemical

 

Rebound (verb) – Recover in value, amount, or strength after a decrease or decline

Synonyms – Resile, Rally, Recover, Boomerang, Bounce, Backlash

Antonyms – Impression, Impact, Collision, Percussion

 

Squeezed (verb) – Obtain (something) from someone with difficulty

Synonyms – Extort, Extract, Squash, Press, Cram

Antonyms – Decompress, Open, Outstreach

 

Diminished (adjective) – Made smaller or less

Synonyms – Reduce, Shrink, Denigrate, Depreciate, Belittle

Antonyms – Increase, Flare up, Boost

 

Vulnerability (noun) – The quality or state of being exposed to the possibility of being attacked or harmed, either physically or emotionally.

Synonyms – Unprotected, Weak, Exposed, Unsafe, Susceptive

Antonyms – Invulnerable, Guarded, Protected, Safe, Strong

 

Ambition (noun) – A strong desire to do or achieve something

Synonyms – Aspiration, Vocation, Intention, Emulation, Appetition

Antonyms – Indifference, Inappetency, Contentment, Moderation

 

Moratorium (noun) – A temporary prohibition of an activity

Synonyms – Ban, Embargo, Suspension, Stoppage, Respite, Hiatus, Deferment

Antonyms – Resuscitation, Renewal, Recommencement, Continuance, Resumption

 

Sustainability (noun) – The ability to be maintained at a certain rate or level

Synonyms – Lasting, Durable, Viable, Non-expendable, Enduring, Tenable, Feasible,

Antonyms – AbsurdIllogicalIrrationalRidiculousUnsound

 

Swaps (noun) – An act of exchanging one thing for another

Synonyms – Bandy, Exchange, Trade, Barter, Substitution, Reciprocate

Antonyms – Stabilise, Focus, Wet, Discharge, Depersonalize

 

Paradigm (noun) – A pattern or model

Synonyms – Standard, Prototype, Archetype, Pattern, Criterion

Antonyms – Follower, Expand, Unworthy, Decentralize

 

Mainstream (noun) – The ideas, attitudes, or activities that are shared by most people and regarded as normal or conventional

Synonyms – Conventional, Ordinary, Conformist, Lamestream

Antonyms – Inconspicuous, Obscure, Old-fashioned, Unfashionable

 

Enshrined (verb) – Preserve a right, tradition, or idea in a form that ensures it will be protected and respected

Synonyms – Set down, Manifest, Incorporate, Preserve, Treasure, Immortalize, Cherish

Antonyms – Condemn, Defile, Disrespect, Desecrate

 

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