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World Bank Chief Warns As Mistrust Divides Global South, West

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The President of the World Bank, Ajay Banga, has expressed concern over the increasing mistrust that is driving a wedge between the Global South and the West.

He pointed out that the Global South’s frustration with the developed world’s response to climate change is entirely understandable.

During a crucial gathering of G20 finance ministers in India, the newly-appointed World Bank chief highlighted the perilous consequences of widening disparities between wealthy and impoverished nations.

He emphasized that such divisions could exacerbate poverty in the developing world, particularly as many countries continue to grapple with the aftermath of the COVID-19 pandemic and the impact of global fuel and commodity price fluctuations resulting from Russia’s war in Ukraine.

Climate change, meanwhile, is most painfully affecting some of the poorest countries least able to cope.

Ajay Banga, president of the World Bank, said he feared a lack of progress was in danger of splitting the global economy, to the detriment of the world’s poorest.

“The thing that keeps me up at night is a mistrust that is quietly pulling the Global North and South apart at a time when we need to be uniting,” Banga told the two-day meeting of finance ministers and central bank chiefs in Gandhinagar, Gujarat state.

“The Global South’s frustration is understandable. In many ways they are paying the price for our prosperity,” said Indian-born Banga, a naturalised American citizen who took up the bank post last month after being nominated by United States President Joe Biden.

“When they should be ascendant, they’re concerned promised resources will be diverted to Ukraine’s reconstruction, they feel energy rules aren’t applied evenly, constraining ambition, and they’re worried the grip of poverty will pull down another generation.”

The World Bank said it is working to increase its financial capability – including by raising hybrid capital from shareholders – to spur growth and jobs, but said the future economy could not rely on expansion at the cost of the environment.

“The simple truth is: we cannot endure another period of emission-intensive growth,” Banga said.

‘Balanced and inclusive growth’
Indian Finance Minister Nirmala Sitharaman, chair and host of the get-together, launched talks on Monday by reminding leaders of their responsibility “to steer the global economy towards strong, sustainable, balanced and inclusive growth”.

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International News

NATO Shoots Down Third Iranian Missile in Turkey

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NATO air defence systems have intercepted a third ballistic missile believed to have been launched from Iran after it entered Turkish airspace, Turkey’s Defence Ministry confirmed on Friday, raising fresh concerns about the growing tensions in the Middle East.

In a statement, the ministry said the missile was neutralised by NATO air and missile defence assets deployed in the eastern Mediterranean after it crossed into Turkish territory.

SEE MORE: WHO Releases Alarming Casualty Figures From US‑Israel‑Iran Conflict

The latest interception triggered security alerts across parts of southern Turkey.

Air raid sirens reportedly sounded at the strategic Incirlik Air Base, a key NATO military facility that hosts United States troops and other allied personnel.

Residents in the nearby city of Adana were awakened around 3:25 a.m. by the warning alarms. Some locals reportedly captured footage showing what appeared to be a fast-moving object on fire streaking across the sky.

Similar sirens were also heard in the eastern Turkish city of Batman around 4:00 a.m., with reports indicating the alarm may have been linked to a nearby military drone base located close to the city’s airport.

The incident marks the third time NATO defence systems have intercepted missiles linked to Iran in recent weeks. The first missile was shot down on March 4, while a second was intercepted earlier this week.

Following Monday’s incident, the United States temporarily shut down its consulate in Adana and urged American citizens to leave southeastern Turkey due to security concerns.

Iranian President Masoud Pezeshkian, however, reportedly denied that the missile had been launched from Iran during a telephone conversation with Turkish President Recep Tayyip Erdogan.

The rising tensions come amid the ongoing conflict that erupted on February 28 involving the United States, Israel and Iran. Since the outbreak of hostilities, Tehran has reportedly carried out retaliatory strikes across several locations in the Middle East.

Incirlik Air Base remains one of NATO’s most important strategic military facilities in the region. The base has hosted US troops for decades and also accommodates military personnel from other NATO member states including Spain and Poland.

Another key NATO installation is located in Kurecik, in Turkey’s Malatya province, where US troops operate an early-warning radar system capable of detecting missile launches from Iran. The radar facility forms part of NATO’s broader ballistic missile defence shield.

Although Turkish authorities have consistently denied that radar data from the base has been shared with Israel, its presence has reportedly raised concerns in Tehran.

Earlier this week, Turkey also confirmed the deployment of a Patriot missile defence system in Malatya as NATO strengthens its regional missile defence posture amid the escalating conflict.

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International News

WHO Releases Alarming Casualty Figures From US‑Israel‑Iran Conflict

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The World Health Organization (WHO) has released a disturbing update on the escalating conflict involving the United States, Israel, and Iran, revealing that thousands of people have been killed or injured in just under two weeks.

WHO Director-General Tedros Adhanom Ghebreyesus warned that health systems across the Middle East are under “immense strain” and are at risk of complete collapse if the crisis continues.

SEE MORE: US-Israel-Iran War: Day Four Updates from the Middle East

According to WHO reports, Iran has suffered over 1,300 deaths and around 9,000 injuries, while Lebanon has recorded at least 570 deaths and approximately 1,400 injuries.

In Israel, at least 15 people have died and more than 2,100 have been injured since hostilities escalated.

The conflict began on February 28, following a massive joint strike by US and Israeli forces that targeted top Iranian officials, including the country’s Supreme Leader.

The violence has since spread across the region, with retaliatory attacks targeting Israeli sites and US military bases in neighboring countries.

The humanitarian impact is severe. Over 100,000 Iranians and up to 700,000 Lebanese citizens have been displaced, many living in overcrowded conditions with limited access to clean water, sanitation, and medical care.

The WHO warns that these conditions put women and children at particular risk of disease outbreaks.

The organization also highlighted a growing trend of attacks on healthcare infrastructure, reporting dozens of strikes on hospitals and medical facilities across Iran and Lebanon.

Such attacks have not only resulted in deaths but also deprived entire communities of critical medical care when they need it most.

Tedros emphasized the urgent need for all parties to respect international law and protect civilians, calling for unimpeded humanitarian access and immediate measures to prevent the collapse of fragile health systems.

With the conflict continuing to escalate, the WHO has stressed that immediate action is required to protect lives, ensure medical support reaches affected populations, and prevent the humanitarian crisis from worsening.

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After Turbulent Elections, Portugal Swears In Seguro as President

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Portugal officially inaugurated its new president, Antonio Jose Seguro, on Monday, pledging to bring stability to a nation shaken by political uncertainty and natural disasters.

Seguro, the centre-left candidate, won last month’s presidential run-off against far-right rival Andre Ventura, following weeks of catastrophic storms that killed at least seven people and caused approximately €4 billion ($4.6 billion) in damage.

Speaking at his swearing-in ceremony in Lisbon’s parliament, Seguro emphasized cooperation with the minority right-wing government and vowed to end the country’s “electoral frenzy.”

SEE MORE: Spain, Portugal Plunge Into Darkness Amid Widespread Power Outage

“I will do everything I can to put an end to this electoral frenzy,” he said, pointing to the inability of previous governments to complete their terms.

Amid global crises, including conflicts in the Middle East and a more isolationist US approach under President Donald Trump, Seguro stressed the importance of multilateralism.

“The force of law has been replaced by the power of the strongest,” he remarked.

Seguro succeeds Marcelo Rebelo de Sousa, a conservative who leaves office at 77 after serving two five-year terms.

While the Portuguese presidency is largely ceremonial, Seguro’s leadership signals a commitment to political stability and international engagement.

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