Current Affairs - International

Ibrahima Cheikh Diong, a Senegalese finance expert, has been appointed as the first director of the Fund for Responding to Loss and Damage, which aims to assist countries affected by climate disasters. His appointment comes as the fund, which was created under the United Nations Framework Convention on Climate Change (UNFCCC), prepares to utilize the $800 million pledged for this cause. This fund is significant for developing nations that have long advocated for support against climate impacts. Diong's leadership is expected to facilitate the distribution of funds, emphasizing the urgent need for financial backing ahead of future climate summits.

Invest India's new office was inaugurated in Singapore by Union Minister Piyush Goyal, highlighting India's commitment to enhancing investment partnerships. This office will act as a dedicated contact point for companies in the region interested in investing in India, promoting collaboration across various sectors. Invest India, established as a national investment promotion agency, aims to facilitate and attract high-quality investments by providing comprehensive services such as strategic business advisory and policy guidance. This initiative is part of India's broader efforts to engage global investors and support economic growth through foreign investment.

The Quad Leaders Summit, hosted by US President Joe Biden, took place in Wilmington, Delaware, USA, where Prime Ministers met with fellow Quad leaders, including Australian Prime Minister Anthony Albanese and Japanese Prime Minister Kishida Fumio. This summit aimed to strengthen the Quad partnership, promoting democratic values, regional security, and cooperation in areas like health, technology, and maritime security. The leaders also discussed global tensions and the importance of a free, open, and inclusive Indo-Pacific region. India is set to host the next Quad Summit in 2025.

The XEC variant, a recombinant of KS.1.1 and KP.3.3, was initially identified in Germany. This variant exhibits mutations facilitating faster transmission, but current data does not indicate increased severity. Following its discovery, XEC has spread to 27 countries, with Germany accounting for 13% of reported cases, followed by the UK and the US. The global spread of XEC underscores the ongoing importance of genomic surveillance, public health monitoring, and international collaboration in combating COVID-19. Continuous research is crucial to understanding the variant's implications and potential future mutations.

India and Bhutan have strengthened their partnership on food safety by signing an agreement in March 2024. The focus of this collaboration is to align regulatory standards, simplify food import procedures, and foster technical cooperation between the Food Safety and Standards Authority of India (FSSAI) and the Bhutan Food and Drug Authority (BFDA). This agreement aims to streamline trade and enhance food safety practices, ensuring the mutual recognition of Bhutanese food business operators by the FSSAI. This partnership represents a significant step forward in promoting food safety between the two nations.