World Bank Shareholders Back $13 billion Capital Increase

The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China.

The multilateral lender said the plan would allow it to lift the group’s overall lending to nearly $80 billion in fiscal 2019 from about $59 billion last year and to an average of about $100 billion annually through 2030.

“We have more than doubled the capacity of the World Bank Group,” the institution’s president, Jim Yong Kim, told reporters during the International Monetary Fund and World Bank spring meetings in Washington. “It’s a huge vote of confidence, but the expectations are enormous.”

The hard-fought capital hike, initially resisted by the Trump administration, will add $7.5 billion paid-in capital for the World Bank’s main concessional lending arm, the International Bank for Reconstruction and Development.

Its commercial-terms lender, the International Finance Corp, will get $5.5 billion paid-in capital, and IBRD also will get a $52.6 billion increase in callable capital.

Lending rules

The bank agreed to change IBRD’s lending rules to charge higher rates for developing countries with higher incomes, to discourage them from excessive borrowing.

IBRD previously had charged similar rates for all borrowers, and U.S. Treasury officials had complained that it was lending too much to China and other bigger emerging markets.

U.S. Treasury Secretary Steven Mnuchin said earlier Saturday that he supported the capital hike because of the reforms that it included. The last World Bank capital increase came in 2010.

Cost controls

The current hike comes with cost controls and salary restrictions that will hold World Bank compensation to “a little below average” for the financial sector, Kim said.

He added that there was nothing specific in the agreement that targeted a China lending reduction, but he said lending to China was expected to gradually decline.

In 2015, China founded the Asian Infrastructure Investment Bank, and lends heavily to developing countries through its government export banks.

The agreement will lift China’s shareholding in IBRD to 6.01 percent from 4.68 percent, while the U.S. share would dip slightly to 16.77 percent from 16.89 percent. Washington will still keep its veto power over IBRD and IFC decisions.

Kim said the increase was expected to become fully effective by the time the World Bank’s new fiscal year starts July 1. Countries will have up to eight years to pay for the capital increase.

The U.S. contribution is subject to approval by Congress.

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World Bank Shareholders Back $13 billion Capital Increase

The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China.

The multilateral lender said the plan would allow it to lift the group’s overall lending to nearly $80 billion in fiscal 2019 from about $59 billion last year and to an average of about $100 billion annually through 2030.

“We have more than doubled the capacity of the World Bank Group,” the institution’s president, Jim Yong Kim, told reporters during the International Monetary Fund and World Bank spring meetings in Washington. “It’s a huge vote of confidence, but the expectations are enormous.”

The hard-fought capital hike, initially resisted by the Trump administration, will add $7.5 billion paid-in capital for the World Bank’s main concessional lending arm, the International Bank for Reconstruction and Development.

Its commercial-terms lender, the International Finance Corp, will get $5.5 billion paid-in capital, and IBRD also will get a $52.6 billion increase in callable capital.

Lending rules

The bank agreed to change IBRD’s lending rules to charge higher rates for developing countries with higher incomes, to discourage them from excessive borrowing.

IBRD previously had charged similar rates for all borrowers, and U.S. Treasury officials had complained that it was lending too much to China and other bigger emerging markets.

U.S. Treasury Secretary Steven Mnuchin said earlier Saturday that he supported the capital hike because of the reforms that it included. The last World Bank capital increase came in 2010.

Cost controls

The current hike comes with cost controls and salary restrictions that will hold World Bank compensation to “a little below average” for the financial sector, Kim said.

He added that there was nothing specific in the agreement that targeted a China lending reduction, but he said lending to China was expected to gradually decline.

In 2015, China founded the Asian Infrastructure Investment Bank, and lends heavily to developing countries through its government export banks.

The agreement will lift China’s shareholding in IBRD to 6.01 percent from 4.68 percent, while the U.S. share would dip slightly to 16.77 percent from 16.89 percent. Washington will still keep its veto power over IBRD and IFC decisions.

Kim said the increase was expected to become fully effective by the time the World Bank’s new fiscal year starts July 1. Countries will have up to eight years to pay for the capital increase.

The U.S. contribution is subject to approval by Congress.

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Russia Considers Banning Facebook After Blocking Telegram

Russia says it may block Facebook if the social media company does not put its Russian user database on servers in Russian territory. The warning Wednesday by the head of the country’s state media regulator Roskomnadzor comes just days after a Russian move to block Telegram, the encrypted messaging app. VOA’s Iuliia Alieva has more in this report narrated by Anna Rice

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Russia Considers Banning Facebook After Blocking Telegram

Russia says it may block Facebook if the social media company does not put its Russian user database on servers in Russian territory. The warning Wednesday by the head of the country’s state media regulator Roskomnadzor comes just days after a Russian move to block Telegram, the encrypted messaging app. VOA’s Iuliia Alieva has more in this report narrated by Anna Rice

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«Учитель року-2018»: 100 вчителів змагатимуться за звання кращого

В Україні стартував заключний етап всеукраїнського конкурсу «Учитель року-2018».

Як повідомляє прес-служба Міністерства освіти і науки, 21 квітня в Рівненській, Волинській, Івано-Франківській і Запорізькій областях стартував ІІІ (заключний) етап конкурсу, у ньому змагатимуться 100 вчителів, які здобули перемогу в обласному турі конкурсу. 

«Конкурс «Учитель року» покликаний виявити учителів-новаторів, здатних випереджати час і закладати нові моделі мислення. Такі педагоги конструюють траєкторію майбутнього нашої країни, формуючи в учнів і учениць ціннісні орієнтири, їхнє ставлення до життя і різних його виявів», – заявила міністр освіти і науки України Лілія Гриневич.

Конкурсні випробування проходять у номінаціях: «Українська мова та література», «Німецька мова», «Фізика» і «Фізична культура» – у кожній змагаються по 25 учасників. Їм запропонують тести з фахової майстерності, методичний практикум і практичну роботу.

Далі у кожній номінації визначать 12 лідерів, які продовжать змагання у фіналі. Вони братимуть участь у конкурсних завданнях «Урок» і «Навчальний проект». 

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17 квітня в Україні розпочали прийом заявок для участі у національній премії для вчителів «Global Teacher Prize Ukraine». Мета премії – визначити кращих вчителів, які впливають своїми соціальними проектами на життя дітей. Номінувати вчителя можуть як учні, батьки дітей, колектив освітнього закладу, так і самі вчителі.

Global Teacher Prize – «Нобелівська премія» для вчителів, започаткована арабським мільярдером Санні Варкі у 2014 році. Нагорода вручається за видатний внесок у професію вчителя та становить 1 000 000 доларів. 

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На Хортиці посадили понад півтисячі дубів на знак вшанування загиблих на Донбасі

На території Національного заповідника «Хортиця» відбулася акція вшанування пам’яті загиблих учасників АТО, під час якої було висаджено 600 дубів. В акції взяли участь родини загиблих під час війни на Донбасі українських військових з усієї України.

Саджанці дубів були куплені литовськими волонтерами і передані українській стороні. Компанія зі збору коштів на купівлю дерев тривала близько року. За словами організаторів акції, ідея проведення такого заходу виникла під час одного з візитів представників батальйону «Азов» до Литви.

«Цим деревам зараз 4 роки. З елітних дубів зібрані жолуді і вирощені у Литві. Дуб – як для литовських, так і для українських людей, сильне дерево, яке росте навіть тисячу років. Воно демонструє як крупкі ми можемо бути разом. Наша місія – показати, що наші народи разом, дружать. І найголовніше – вшанувати пам’ять хлопців, що загинули, і схилити голову перед їхніми родинами», – розповів представник міністерства екології Литви Кястутіс Маркявічус.

Усього литовська волонтери придбали 2100 дубів для висадки на Хортиці, основна частина яких буде розсаджена восени по всьому острову.

Збройний конфлікт на Донбасі триває від 2014 року після російської анексії Криму. Україна і Захід звинувачують Росію у збройній підтримці сепаратистів. Кремль відкидає ці звинувачення і заявляє, що на Донбасі можуть перебувати лише російські «добровольці». За даними ООН, за час конфлікту загинули понад 10 тисяч людей.

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New Lynching Memorial Offers Chance to Remember, Heal

Elmore Bolling defied the odds against black men and built several successful businesses during the harsh era of Jim Crow segregation in the South. He had more money than a lot of whites, which his descendants believe was all it took to get him lynched in 1947.

He was shot to death by a white neighbor, according to news accounts at the time, and the shooter was never prosecuted.

But Bolling’s name is now listed among thousands on a new memorial for victims of hate-inspired lynchings that terrorized generations of U.S. blacks. Daughter Josephine Bolling McCall is anxious to see the monument, located about 20 miles from where her father was killed in rural Lowndes County.

The National Memorial for Peace and Justice, opening Thursday, is a project of the nonprofit Equal Justice Initiative, a legal advocacy group in Montgomery. The organization says the combined museum and memorial will be the nation’s first site to document racial inequality in America from slavery through Jim Crow to the issues of today.

“In the American South, we don’t talk about slavery. We don’t have monuments and memorials that confront the legacy of lynching. We haven’t really confronted the difficulties of segregation. And because of that, I think we are still burdened by that history,” said EJI executive director Bryan Stevenson.

The site includes a memorial to the victims of 4,400 “terror lynchings” of black people in 800 U.S. counties from 1877 through 1950. All but about 300 were in the South, and prosecutions were rare in any of the cases. Stevenson said they emphasized the lynching era because he believes it’s an aspect of the nation’s racial history that’s discussed the least.

“Most people In this country can’t name a single African-American who was lynched between 1877 and 1950 even though thousands of African Americans were subjected to this violence,” Stevenson said.

The organization said a common theme ran through the slayings, which it differentiates from extrajudicial killings in places that simply lacked courts: A desire to impose fear on minorities and maintain strict white control. Some lynchings drew huge crowds and were even photographed, yet authorities routinely ruled they were committed by “persons unknown.”

McCall, 75, said her father’s killing still hangs over her family. The memorial could help heal individual families and the nation by acknowledging the painful legacy of racial murders, she said.

“It’s important that the people to whom the injustices have been given are actually being recognized and at least some measure – some measure – of relief is sought through discussion,” said McCall.

Combined, the memorial and an accompanying museum a few miles away at the Equal Justice Initiative headquarters tell a story spanning slavery, racial segregation, violence and today’s era of swollen prison populations. With nearly 7 million people behind bars or on parole or probation nationwide – a disproportionate number of them minorities – the NAACP says blacks are incarcerated at a rate five times that of whites.

E.M. Beck, who studied lynching for 30 years and has written books on the subject, said the memorial might actually understate the scope of lynching even though it lists thousands of victims.

“I think it’s an underestimate because the number and amount of violence in early Reconstruction in the 1870s will probably never be known. There was just an incredible amount of violence taking place during that period of time,” said Beck, sociology professor emeritus at the University of Georgia.

The memorial’s design evokes the image of a racist hanging, featuring scores of dark metal columns suspended in the air from above. The rectangular structures, some of which lie flat on the ground and resemble graves, include the names of counties where lynchings occurred, plus dates and the names of the victims. The goal is for individual counties to claim the columns on the ground and erect their own memorials.

Not all lynchings were by hanging. The Equal Justice Initiative says it scoured old newspapers, archives and court documents to find the stories of victims who were gunned down, drowned, beaten and burned alive. The monument is a memorial to all of them, with room for names to be added as additional victims are identified.

The monument’s April 26 opening will be marked by a two-day summit focusing on racial and social justice, to be followed by an April 27 concert featuring top acts including Common, Usher, the Dave Matthews Band and The Roots.

McCall plans to view the memorial with her five living siblings. She says they suffered more than she did, since she was only 5 when their father was slain.

A newspaper account from the time said the 39-year-old Bolling, who owned a store and trucking company and farmed, was shot seven times on a road near his store by a white man, Clarke Luckie, who claimed Bolling had insulted his wife during a phone call.

McCall, who researched the slaying extensively for a book about her father, said it’s more likely that Luckie, a stockyard employee, resented her father, who had thousands of dollars in the bank, three tractor-trailer rigs and employed about 40 people.

“He was jealous and he filled him with bullets,” she said.

Luckie was arrested, but a grand jury issued no indictment and no one was ever prosecuted. McCall believes the white people who controlled the county at the time purposely covered for the killer, who died decades ago.

One of Alabama’s oldest black congregations, Old Ship A.M.E. Zion Church, sits across the street from the memorial. Its pastor plans to offer prayer and conversation to help visitors who are shaken by the experience of visiting the site.

Church members have mixed feelings about the memorial, she said. They want to acknowledge and honor the past, McFadden said, but some are wondering how they’ll personally react to visiting the memorial the first time.

“It’s something that needs to be talked about, that people need to explore. But it’s also something that has the potential to shake people to the core,” said Rev. Kathy Thomas McFadden.

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Києву передали кубки Ліги чемпіонів УЄФА

Києву передали кубки Ліги чемпіонів УЄФА. 

Церемонія відбулась біля будівлі Київської міської державної адміністрації. 

Трофеї зустрічали міський голова Віталій Кличко і президент Федерації футболу України Андрій Павелко. Кубки передали амбасадори жіночого та чоловічого фіналів Ліги чемпіонів УЄФА – українська футболістка Ія Андрущак та тренер збірної України Андрій Шевченко.

Фінали жіночої і чоловічої Ліги чемпіонів відбудуться в Києві 24 і 26 травня.

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