International Current Affairs
China Signed Deals with Sudan to Build Nuclear Reactor
- China on May 27, 2016 signed agreements with Sudan to build 600 MW atomic reactor, the first such project in the African country.
- The agreements involve a plan to build nuclear power development in the next decade for Sudan and building the first nuclear power station in the country.
- Two framework deals signed by State-owned China National Nuclear Corporation (CNNC) with Sudan on nuclear power development, including building a 600 MW atomic reactor.
First World Humanitarian Summit Held in Istanbul
- First World Humanitarian Summit was held in Istanbul (Turkey) on May 23, 2016. The specific aims of the summit include improving the distribution of global aid; better planning for natural disasters and climate change; strengthening of respect for international law; and better cooperation on accommodating refugees.
- According to it, 125 million people around the world are currently in need of some form of humanitarian help.
- Representatives of 175 countries were met with hopes of improving the global humanitarian system. It’s the first time in the history of the UN that such a summit has been held.
World Bank Group Launched Pandemic Emergency Finance Facility
- The World Bank Group launched the much anticipated Pandemic Emergency Finance (PEF) Facility on May 23, 2016. It is a new financing mechanism to quickly mobilise funds to tackle global disease outbreaks and create a new insuraiice market for pandemic risk.
- The aim of the Pandemic Emergency Financing Facility, unveiled at a G7 Finance Ministers meeting in Japan, is to make funds instantly available for curbing the spread of particular infectious diseases, thereby saving lives and money over the longer-term.
- This facility addresses a long, collective failure in dealing with pandemics. The Ebola crisis in Guinea, Liberia and Sierra Leone taught all of us that we must be much more vigilant to outbreaks and respond immediately to save lives and also to protect economic growth.
Obama Ended US Arms Embargo on Vietnam
- President Obama lifted a decades-long American arms embargo on Vietnam on May 23, 2016. Other signs of cooperation include new Lies, more military cooperation, research programs involving universities in both countries and cultural exchange that include the introduction of the US Peace Corps to Vietnam.
- He signed a series of bilateral agreements, including the $ 11 billion purchase of 100 boeing 737 aircraft by Vietnamese airline Vietjet Air.
VesakPoya Festival Celebrated in Sri Lanka
- The Vesak Poya festival was celebrated on May 21, 2016 in Colombo (Sri Lanka). It is i celebrated on the full moon day in May to 1 mark three important events in the life of l Buddha—birth, enlightenment and death.
- This time, in Colombo, a Vesak lantern kept near the Gangaramaya temple is an additional attraction as it has been modelled on the ‘stupa’ at the Mahabodhi temple in Gaya, Bihar.
- This has been arranged by the Indian government at the invitation of the Sh Lankan government.
- The Mahabodhi temple, one of the oldest brick structures in Eastern India, was declared a World Heritage Site by the UNESCO in June, 2002.
- According to the UNESCO, this was the first temple built by Emperor Asoka in the 3rd century BC. However, the present temple is of the 5th-6th century CE, belonging to the late Gupta period.