Indian American Ajay Banga takes over as World Bank President



International Desk, Barta24.com
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Indian American Ajay Banga on Friday took over as the President of the World Bank, making him the first person of colour to head either of the two global financial institutions, the World Bank and the International Monetary Fund. On May 3, the Executive Directors of the World Bank selected Banga, 63, as the 14th President of the World Bank for a five-year term.

In February, President Joe Biden announced that the US would nominate Banga to lead the World Bank.

"Join us in welcoming Ajay Banga as the new President of the World Bank Group. We are committed to creating a world free from poverty on a livable planet," the World Bank said in a tweet with a picture of Banga entering the bank headquarters here on Friday.

"I wish Ajay Banga all the best as he takes up his new role as President of the World Bank today. I look forward to continuing the deep partnership between our institutions to do good and help those most in need," IMF managing director Kristalina Georgieva said in a tweet.

Banga has become the first-ever Indian-American to head the World Bank. He replaces David Malpass, who announced his decision to step down in February.

Banga most recently served as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees.

Under his leadership, MasterCard launched the Center for Inclusive Growth, which advances equitable and sustainable economic growth and financial inclusion around the world. He was the Honorary Chairman of the International Chamber of Commerce, serving as Chairman from 2020-2022.

He became an advisor to General Atlantic's climate-focused fund, BeyondNetZero, at its inception in 2021. Banga served as Co-Chair of the Partnership for Central America, a coalition of private organizations that works to advance economic opportunity across underserved populations in El Salvador, Guatemala, and Honduras.

He was previously on the Boards of the American Red Cross, Kraft Foods, and Dow Inc.

Banga is a co-founder of The Cyber Readiness Institute and was Vice Chair of the Economic Club of New York. He was awarded the Foreign Policy Association Medal in 2012, the Padma Shri Award by the President of India in 2016, the Ellis Island Medal of Honor and the Business Council for International Understanding's Global Leadership Award in 2019, and the Distinguished Friends of Singapore Public Service Star in 2021.

On Thursday, Treasury Yellen met with Banga at the Treasury Department. During their engagement, Yellen warmly welcomed Banga's upcoming presidency and conveyed her strong desire for the Treasury to continue close collaboration with him in building on the strong progress made so far on evolving multilateral development banks (MDBs), a media release said.

That includes continuing implementation of the recommendations of the G20 Capital Adequacy Framework review to get the most out of the Bank's balance sheet, and improving and increasing the amount of private capital mobilised for our shared global development objectives and refining the operating model to increase the responsiveness and agility of the bank, it said.

Yellen also reiterated the importance of the World Bank working more closely with its sister development banks.

Yellen stressed the need to support the poorest of the Bank's member countries as they continue to face multiple crises, including continuing global macroeconomic headwinds exacerbated by Russia's war in Ukraine.

Yellen underscored that she looks forward to having Banga's experienced leadership and proven management skills at the helm of this critical multilateral institution during a period of significant global challenge and opportunity, the statement said.

Source: Economic Times

   

Hamas says 'yes' to Gaza ceasefire



International Desk, Barta24.com, Dhaka
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Hamas has accepted a ceasefire proposal brokered by Qatar and Egypt. But so far nothing has been reported from Israel in this regard. They are looking into the matter.

On Monday (May 6), Qatar-based media Al Jazeera reported this information.

According to a statement by Hamas leader Ismail Haniya, the head of Hamas' political wing, Ismail Haniya, called Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani and informed him that Hamas had approved the proposal for a ceasefire agreement. Ismail Hania also said the same thing to the Minister of Intelligence of Egypt, Abbas Kamal.

Meanwhile, the residents of Gaza expressed joy at the news of Hamas agreeing to a ceasefire.

It should be noted that at least 34 thousand 737 people have been killed and 78 thousand 108 people have been injured in the Israeli attack on Gaza since October 7. And the number of dead in Israel is 1 thousand 139 people.

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Campuses can be battlegrounds around graduation ceremonies in the United States



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Protests against the Israeli attack on Gaza have erupted in several US universities. The student protests there have entered their second week. Last Saturday (May 4), police arrested at least 25 more pro-Palestinian protesters from the University of Virginia.

Al-Jazeera reported that more than two and a half thousand students have been arrested from campuses across the United States. In the meantime, graduation ceremony in universities is approaching.

It is feared that various university campuses in the United States may turn into battlefields around graduation ceremonies in the coming days.

At 47 US universities, students are protesting against Israeli aggression and genocide in Gaza. This protest has been going on since April 17. Since the beginning, the police have used excessive force to suppress this peaceful protest.

In this way, the rights activists protested the suppression of the protest and the arrest of the protesting students. They demanded to ensure the freedom of expression of the students.

Graduation ceremonies are scheduled for the end of this week at four universities hit by protests. The event is scheduled to take place this month or next June at several other universities, including New York's Columbia University, the epicenter of the protests.

The university authorities fear that the protesting students may disrupt the graduation ceremony. For this reason, the authorities are taking initiatives to strengthen the security system.

The protesting students have threatened that if their demands are not met, they are thinking of alternative programs including boycotting these events and walking out of the venue. In such circumstances, some universities have canceled these programs. Some are procrastinating.

The peaceful protests at the University of Virginia continued until Saturday morning. At that time a video spread among the students. In the video, police are seen detaining some protesting students from the campus lawn.

Apart from this, the police are using chemical sprays to quell the protests. After that the protest turned into a riot.

In a statement, University President Jim Ryan said that the protesters were detained when campus security informed the police that they would be protesting in tents last Friday night. However, it is not clear how many university students are among those detained.

Pro-Palestinians protest in front of the stage at the graduation ceremony at the University of Michigan. But this protest was peaceful. Campus police quickly surrounded the protesters and escorted them to the back of the stadium. But dozens of students dressed in flags, kaffiahs and graduation caps staged a university graduation ceremony.

A day later, Northeastern University and Ohio State University were supposed to hold the closing ceremony on Sunday, but the commencement ceremony was disrupted.

Meanwhile, apart from the United States, this protest has now spread to new countries. Students from France, UK, Italy, Australia, Canada, Japan, India, Lebanon, Germany, Switzerland, Ireland and Mexico have come to protest for the Palestinians.

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Israel launched a ground attack in Rafah amid ceasefire talks



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Israel launched a ground attack in Rafah in the midst of Israel-Hamas ceasefire talks in Gaza.

A delegation from the Palestinian group Hamas is in the Egyptian capital for ceasefire and prisoner-release talks. Sources said Ceasefire talks have progressed.

International media Al Jazeera reported in a report that despite the negotiations, Israel continued its ground attack on Rafah, the southernmost city of Gaza.

A Hamas delegation arrived in Cairo on Saturday to meet with mediators from Qatar, Egypt and the United States to negotiate a 40-day ceasefire, according to reports published by the United Kingdom.

The talks are at a critical stage, sources told Al Jazeera, as a Qatari technical team is working out the details of a potential deal with the Egyptians.

As technical teams indicate, we are moving into the operational side of a deal. They are monitoring the issues in detail in this agreement.

A senior Hamas spokesman, Osama Hamdan, told Al Jazeera, "It is clear that we are moving forward. There are some good points.

"So far we are still talking about the main issue, which is a complete ceasefire and a complete withdrawal from Gaza," he said. We hope to find some good and positive answers today.

Israel said it will continue to attack Rafah despite talk of a possible deal with Hamas. UN agencies and aid groups have long warned that the ground operation would spell disaster for the 15 lakh people taking refuge there.

Hamdan said, "Unfortunately, Netanyahu has made a clear statement that no matter what happens, if there is a ceasefire or not, he will continue to attack." That means there will be no ceasefire, and that means that the offensive will continue.

Al Jazeera's Ahlbara said the talks were focused on convincing Hamas that it should refrain from demanding a permanent ceasefire from Israel during the first phase of the deal because it is unlikely to happen.

On October 7, Hamas fighters attacked southern Israel, killing more than 1,100 people. During this time, more than 240 people were captured by Hamas.

Later, more than 34,600 Palestinians have died in Israel's attack on Gaza. More than 70 percent of Palestinian territory has been reduced to rubble, pushing the region toward famine.

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Attacks on environmental journalists are on the rise worldwide: UN



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According to a recently published report by the United Nations Educational, Scientific and Cultural Organization UNESCO, 44 environmental journalists from 15 countries around the world lost their lives in violent attacks from 2009 to 2023; And 24 people managed to return alive.

This information was reported in the report of the news agency Reuters on Friday (May 3).

According to the report, attacks on environmental journalists are increasing around the world. UNESCO representatives interviewed 905 environmental journalists from 129 countries to prepare the report.

In the interview, 749 out of 905 journalists (more than 70 percent) said that they had to face physical attacks or intimidation, threats, and pressure at some point in their lives to perform their professional duties. Many have also had to deal with the legal problems of detention and defamation cases.

Analyzing the cases of assault-harassment, it has been found that the cases of physical assault have occurred more among male journalists. On the other hand, women journalists are more victims of harassment.

Journalists have been attacked and harassed while reporting on various environmental issues. These issues include various mining irregularities, land tenure conflicts, deforestation, extreme weather related disasters, pollution and environmental damage, fossil fuel sector and its trade etc.

All of these attacks and harassment have come from individuals and groups associated with the power structure of the state. In this context, the UNESCO report said, 'Police, army, government officials and employees, people of local government authorities are responsible for these attacks and harassment. 

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