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First ever Indian-American to head World Bank

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Former Mastercard boss Ajay Banga has been elected to lead the World Bank as it strives to help low-income countries overcome debt and combat climate change.

Mr Banga, nominated by President Joe Biden for the post, is the first-ever Indian American to head the bank.

He will replace David Malpass, who had sparked outcry by appearing to question the role of humans in climate change.

He begins his five-year term on 2 June.

Now a US citizen, Mr Banga started his career in his native India, where his father was an officer in the army. He worked at Nestle and Citigroup before joining Mastercard where he stayed for more than a decade.

US President Joe Biden called him “a transformative leader” who had the experience to run the World Bank.

“He will help steer the institution as it evolves and expands to address global challenges that directly affect its core mission of poverty reduction — including climate change,” Mr Biden said.

In announcing Mr Banga’s confirmation, the bank’s executive directors said in a statement that they looked forward to working with him “on all the World Bank Group’s ambitions and efforts aimed at tackling the toughest development challenges facing developing countries.”

The US, the World Bank’s biggest shareholder, has traditionally been in charge of selecting the person to lead the institution, which lends billions of dollars to countries each year.

Developing countries have in the past complained about this, but Mr Banga was the only candidate for president.

“Ajay was elected with resounding approval from the executive directors, and will start his mandate with incredibly strong support from the membership of the World Bank,” a senior US official said about the vote.

Mr Banga’s appointment comes at a consequential moment for the development organisation.

The US and other wealthy nations have been pushing the bank to increase its lending to fight climate change. The bank’s $100bn (£80bn) per year or so of loans to help developing countries cope with climate change falls far short of the $1tn they say is needed.

Many developing nations are worried the focus on climate change will divert attention away from its anti-poverty efforts.

Developing countries have been hard hit by the pandemic, rises in food and in energy prices, and unsustainable levels of debt.

As president of the World Bank, Mr Banga will have to address these issues – all without any clear additional money on the table.

In an interview with the BBC in in March, when Mr Banga was on a listening tour in Africa, he said he wanted the bank to be a “catalyst” and “thought leader” for action,

“We also need to bring in the private sector to be able to reach these ambitious targets that we all have,” he said.

(BBC News)

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Pakistan PM Shehbaz offers dialogue with India for ‘peace’

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The Indian Army on Thursday (May 16) said it will pursue confidence building measures to reduce the “alertness level” in line with the May 10 understanding on cessation of hostilities with the Pakistani side.

The remarks by the Indian Army came hours after Islamabad said the India-Pakistan arrangement on stopping the military actions has been extended till May 18.

Pakistan Prime Minister Shehbaz Sharif on Thursday extended an offer of talks to India, saying Pakistan is ready to engage “for peace”. Mr. Shehbaz made the comments during a visit to the Kamra air base in the country’s Punjab province where he interacted with officers and soldiers involved in the recent military confrontation with India.

“We are ready to talk with it (India) for peace,” he said and added that the “conditions for peace” include the Kashmir issue.

(The Hindu)

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Plane crash victims’ families file complaint against Jeju Air CEO

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Some families of those killed in a Jeju Air plane crash last December have filed a criminal complaint against 15 people, including South Korea’s transport minister and the airline’s CEO, for professional negligence.

The 72 bereaved relatives are calling for a more thorough investigation into the crash, which killed 179 of the 181 people on board – making it the deadliest plane crash on South Korean soil.

The crash was “not a simple accident”, they allege, but a “major civic disaster caused by negligent management of preventable risks”.

Nearly five months on, authorities are still studying what may have caused the plane to crash-land at Muan International Airport and then burst into flames.

The police had already opened a criminal investigation before this latest complaint, and barred Jeju Air CEO Kim E-bae from leaving the country, but no one has been indicted over the incident.

One of the relatives, Kim Da-hye, denounced the “lack of progress” in investigations.

“We are filled with deep anger and despair. Having taken this extraordinary measure of filing a criminal complaint, we will not give up and will continue to pursue the truth,” Mr Kim said in a statement to the media.

Among the 15 people named in the complaint were government officials, airline officials and airport staff responsible for construction, supervision, facility management and bird control.

The complaint filed on Tuesday raises questions around the circumstances of the crash, including whether air traffic control responded appropriately and whether the reinforcement of a mound at the end of the runway violated regulations.

The aircraft, a Boeing 737-800, took off from the Thai capital of Bangkok on the morning of 29 December, and was flying to Muan in South Korea.

Five minutes after the pilots made contact with Muan International Airport, they reported striking a bird and declared a mayday signal.

The pilots then tried to land from the opposite direction, during which the aircraft belly-landed without its landing gear deployed. It later overran the runway, slammed into a concrete structure and exploded.

Earlier this year, investigators said they found bird feathers in both engines of the jet, but did not conclude the extent to which the bird strike was a contributing factor.

Since the incident, some bereaved families have also been targeted by a torrent of conspiracies and malicious jokes online.

These included suggestions that families were “thrilled” to receive compensation from authorities, or that they were “fake victims”. As of March this year, eight people have been apprehended for making such derogatory and defamatory online posts.

(BBC News)

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Gary Anandasangaree appointed Public Safety Minister of Canada

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Sri Lankan-born Gary Anandasangaree has been sworn in as Canada’s new Minister of Public Safety under PM Mark Carney’s cabinet.

A former Minister of Justice and Crown–Indigenous Relations, Anandasangaree will now oversee national security, emergency preparedness, and border protection.

“As I step into this new role, I am grateful to Prime Minister Mark Carney for his trust. I am ready to work with my Cabinet and Caucus colleagues, our partner organizations, and all orders of government to unite, secure, protect, and build Canada,” he has Tweeted.

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