World Bank approves framework to support India’s transition to high-middle income country

The World Bank board has approved an ambitious five-year Country Partnership Framework (CPF) for India that is in line with India’s objectives of high, sustainable and inclusive growth.

The framework sets the strategic focus for the World Bank’s engagement with India for the period FY18-22, to support its transition to a high-middle income economy.Image result for World Bank approves framework to support India’s transition to high-middle income country

Instagram co-founders Kevin Systrom and Mike Krieger resign

Kevin Systrom and Mike Krieger, the co-founders of the photo-sharing app Instagram, on September 24, 2018 announced to resign from their respective positions in the social media company.

Mike Krieger is the Chief Technical Officer, while Kevin Systrom is the Chief Executive Officer. They founded the photo-sharing app in 2010 and sold it to Facebook in 2012 for about USD 1 billion.

Ibrahim Mohamed Solih wins Maldives Presidential Election 2018: In Detail

Opposition candidate, Ibrahim Mohamed Solih, on September 24, 2018 won the Maldives Presidential Election 2018, defeating incumbent President Yameen Abdul Gayoom, who will stay on in the presidency until his term ends on November 17, 2018.

Ibrahim Mohammad Solih is a consensus candidate of the joint opposition, which includes the Maldivian Democratic Party, the Jumhooree Party, the Adhaalat Party and former president Maumoon Abdul Gayoom’s own faction of the Progressive Party.

International Women Entrepreneurs Summit begins in Kathmandu

The International Women Entrepreneurs Summit 2018 was inaugurated by the Vice President of Nepal Nanda Bahadur Pun in Kathmandu, the capital of Nepal on September 3, 2018.

Speaking on the occasion, Nepal’s Vice President emphasised upon empowering women in all areas including social, political and economic. He also expressed concern over increasing violence against women and highlighted the need for public efforts to eliminate it.

1st General Assembly of International Solar Alliance to be held on 2 October

The first General Assembly of the International Solar Alliance (ISA) will be inaugurated on October 2, 2018 in Delhi. The Ministerial level Assembly will be held in Greater Noida the following day.
The ISA is a major initiative of Prime Minister NarendraModi in contributing to the implementation of the Paris Climate Agreement through the rapid and massive deployment of solar energy.

United States announces closure of Palestinian mission in Washington

The United States on September 10, 2018 announced the closure of the Palestine Liberation Organisation’s (PLO) mission in Washington DC.

Explaining the move, the US state department said that the PLO leaders had failed to engage with US efforts to bring about peace with Israel and attempted to prompt an investigation of Israel by the International Criminal Court.