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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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US announces $25m reward for arrest of Venezuela’s Maduro

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The US has announced an increased $25m (£20.4m) reward for information leading to the arrest of Venezuelan President Nicolás Maduro on the day he was sworn in for a third six-year term in office.

The inauguration ceremony was overshadowed by recrimination from the international community and Venezuelan opposition leaders.

Rewards have also been offered for information leading to the arrest and or conviction of Interior Minister Diosdado Cabello. A new reward of up to $15m for Defence Minister Vladimir Padrino has also been offered.

The UK also issued sanctions on 15 top Venezuelan officials, including judges, members of the security forces and military officials.

The Foreign, Commonwealth and Development Office said those sanctioned were responsible for “undermining democracy, the rule of law, and human rights violations”.

Foreign Secretary David Lammy went on to describe Maduro’s regime as “fraudulent”.

Also on Friday, the EU said it was extending “restrictive measures” against Venezuela because of “the lack of progress… leading to the restoration of democracy and the rule of law”. The bloc also sanctioned a further 15 Venezuelan officials.

Canada also imposed fresh sanctions in what Foreign Minister Mélanie Joly called Maduro’s “shameless actions”.

Joly said Canada “will not tolerate the erosion of the democratic process or the repression of citizens seeking to express their rights”.

Maduro and his government have repeatedly denounced many of the allegations made by Western countries and opposition leaders.

The reward from the US cites narcotics and corruption charges dating back to 2020.

In 2020, the US charged Maduro, and other senior officials in the country with “narco-terrorism”.

It accused them of flooding the US with cocaine and using drugs as a weapon to undermine the health of Americans.

Maduro has rejected the accusations. The US also re-imposed oil sanctions last year, after temporarily easing them in the hope Maduro could be incentivised to hold free and fair elections.

The Venezuelan president has blamed an economic collapse in his country on US-led sanctions he calls illegitimate and imperial. His critics blame corruption and economic mismanagement.

On Friday, President Maduro took the oath of office, vowing his third six-year term in office would be a “period of peace”.

“This new presidential term will be the period of peace, prosperity, equality, and the new democracy,” he said.

“I swear by history, I swear by my life, and I will fulfil it,” he added.

The 28 July election results were widely rejected by the international community, including by Brazil and Colombia, some of Venezuela’s left-wing neighbours.

The inauguration itself was a tightly controlled affair. Most accredited Venezuelan media were not allowed inside and foreign journalists were not allowed in the country.

Maduro has a few allies remaining including Iran, China and Russia but is increasingly isolated on the world stage.

The Cuban and Nicaraguan presidents were the only leaders present at the inauguration.

The 62-year-old was declared the winner of last July’s presidential election but the opposition and many countries, including the US, rejected the result and recognised the exiled opposition candidate Edmundo González as the legitimate president-elect.

González fled Venezuela in September and has been living in Spain, but this month he went on a tour of the Americas to rally international support.

The Maduro government has issued an arrest warrant for him, offering a $100,000 reward for information leading to his detention.

On Friday, the UN Secretary General Antonio Guterres called for the release of all who have been “arbitrarily detained” since the elections.

(BBC News)

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Man with crocodile skull in luggage arrested at Delhi airport

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Indian authorities say they have arrested a Canadian man at Delhi airport for carrying a crocodile skull in his luggage.

The 32-year-old man was at the airport on Monday to catch his flight to Canada when he was first stopped during security check.

“Upon examination, a skull with sharp teeth, resembling the jaw of a baby crocodile, weighing approximately 777g (1.71lb), was discovered wrapped in a cream-colored cloth,” Delhi customs said in a statement on Thursday.

The man was arrested and the skull was handed over to the Department of Forests and Wildlife, they said.

Officials said the possession of crocodile skull violated India’s wildlife protection law and its Customs Act.

An analysis of the skull by the Department of Forests and Wildlife found that it belonged to a species protected under India’s Wildlife Protection Act.

“The texture, tooth pattern, well-developed bony palate, and nostrils confirmed the item as the skull of a baby crocodile,” they said.

A forest official told the Times of India newspaper that the man had allegedly bought the skull from Thailand.

“The man did not possess the mandatory permission required to carry wildlife items,” forest officer Rajesh Tandon said.

The man also told officers he had not hunted or killed the crocodile, the Hindustan Times reports.

Further tests are being carried out to identify the exact sub-species of the animal.

Meanwhile, Delhi customs says a case has been registered against the man and an investigation is underway.

Last year, a 32-year-old Canadian woman was stopped at Delhi airport after she was found to have horns of an unidentified animal in her luggage. The woman told officials she had picked them up during a trek in the northern Ladakh region and decided to take them back as a souvenir.

(BBC News)

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Trudeau to resign

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Under growing pressure from his own party, Canadian Prime Minister Justin Trudeau has announced he will step down and end his nine-year stretch as leader.
Trudeau said he would stay on in office until his Liberal Party can choose a new leader, and that parliament would be prorogued – or suspended – until 24 March.

“This country deserves a real choice in the next election and it has become clear to me that if I’m having to fight internal battles, I cannot be the best option in that election,” he said during a press conference Monday.

Trudeau’s personal unpopularity with Canadians had become an increasing drag on his party’s fortunes in advance of federal elections later this year.

“Last night, over dinner, I told my kids about the decision that I’m sharing with you today,” he told the news conference in Ottawa.

“I intend to resign as party leader, as prime minister, after the party selects its next leader through a robust nationwide competitive process,” he said.

(BBC News)

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