Current Affairs - International

The United States formally exited the World Health Organisation following a one-year withdrawal process initiated through an executive order. The decision marked a major shift in global health diplomacy, as the country had been the largest contributor to WHO funding, providing nearly 18% of its budget. The withdrawal was driven by disagreements over the organisation’s handling of the COVID-19 pandemic and concerns about financial obligations. This move has had wide-ranging implications, including funding shortfalls for the WHO, workforce reductions, and changes in global disease surveillance and public health coordination mechanisms.

China has taken a major step in advancing large-scale energy storage by commissioning the world’s largest compressed-air energy storage plant in Jiangsu province. The facility, developed by Harbin Electric Corp., is designed to support renewable energy integration by providing long-duration and cost-effective storage solutions. With a massive storage capacity of 2,400 MWh and a power generation capability of 600 MW, the plant can supply electricity to around 600,000 households each year. This project reflects China’s broader strategy to strengthen its green energy infrastructure and reduce dependence on fossil fuels.

Singapore has committed S$1 billion (approximately $785 million) to public AI research by 2030, aiming to strengthen its global competitiveness and technological leadership. The investment will fund advanced AI research centres, foster industrial AI applications, and develop skilled talent in collaboration with international experts. This initiative is designed to address labour constraints, promote economic growth, and secure Singapore’s position as a leader in AI innovation and development. It highlights the strategic importance of AI in shaping the nation’s future economy and technological landscape.

The International Finance Corporation (IFC) has launched a $166 million initiative aimed at boosting Sri Lanka’s economic growth through enhanced support for small and medium enterprises (SMEs). The programme specifically targets women-owned businesses and the agriculture sector, aiming to promote inclusive growth, generate employment, and strengthen economic resilience in underserved communities. By facilitating access to financing and resources, this initiative helps Sri Lanka transition from economic stabilization efforts to sustainable, broad-based development, highlighting the role of international financial institutions in supporting emerging economies.

UNESCO has announced a $740,000 emergency aid package for Vietnam to protect its cultural heritage and education in regions affected by severe storms. The support, funded by the World Heritage Fund, will assist with damage assessments and emergency measures at key sites, including the World Heritage-listed cities of Hue and Hoi An. The initiative aims to stabilize both tangible and intangible heritage, restore learning facilities, and work collaboratively with local authorities, ensuring that Vietnam’s historical and educational assets are preserved despite natural disasters.