With reference to Swift, consider the following statements: 1. It is a Belgium-based organization. 2. It is a government-run organization based in India. 3. It serves institutions and individuals globally for commerce. Which of the statements given above is/are correct?

Jaishankar meets Swift CEO Javier Pérez-Tasso to discuss global commerce and geopolitical challenges

GS2Polity · Governance · IR· India's bilateral relations· Prelims· 19 October 2026

Financial infrastructure and economic diplomacy: a key GS2 angle for international relations.

Why in news

External Affairs Minister S. Jaishankar met Swift CEO Javier Pérez-Tasso in New Delhi to discuss global commerce facilitation and geopolitical challenges.

Background

The meeting took place in New Delhi on October 19, 2026. Swift is a Belgium-based organization that serves institutions and individuals globally for commerce.

Facts for Prelims

BodySwift: A Belgium-based organization serving global institutions and individuals for commerce.
PostS. Jaishankar: External Affairs Minister of India.
PostJavier Pérez-Tasso: CEO of Swift.

Prelims practice question

With reference to Swift, consider the following statements:

It is a Belgium-based organization.
It is a government-run organization based in India.
It serves institutions and individuals globally for commerce.

Which of the statements given above is/are correct?

(a)1 only
(b)2 only
(c)1 and 2 only
(d)1 and 3 only

Show answer

Answer: (d) 1 and 3 only — Statements 1 and 3 are correct. Statement 2 is incorrect: It is a Belgium-based organization.

For Mains

Q. Discuss the significance of international financial messaging systems in navigating geopolitical challenges and ensuring the stability of global commerce.

Dimensions to cover in your answer

Geopolitical weaponization: Risks of financial messaging systems being used as tools for economic sanctions.
Interoperability hurdles: Challenges in integrating diverse national payment systems with global standards.
Digital sovereignty: Balancing the need for global commerce efficiency with national financial security.

Keywords: Geopolitical challenges · Global commerce · Financial messaging · Economic diplomacy · Financial infrastructure

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