International Booker Prize Renamed Bukhman International Booker Prize

### Why in News? - The **International Booker Prize** will be renamed the **Bukhman International Booker Prize** under a new **10-year funding agreement**. ### Key Details - The arrangement is backed by **Bukhman Philanthropies** and will take effect from the **2027 prize cycle**. - The winner’s prize will rise to **£100,000**, shared equally between the winning author and translator. - The award recognises a work of fiction translated into English and published in the UK or Ireland. ### Exam Connect - **International Booker Prize** → Major award for translated fiction, shared by author and translator.