Center-left candidate wins Costa Rica presidential election

Agencies
April 2, 2018

San Jose, Apr 2: The center-left's Carlos Alvarado Quesada decisively defeated a conservative Protestant singer in Costa Rica's presidential runoff election on Sunday by promising to defend gay rights, handing a major victory to the ruling party. Former minister and fiction writer Alvarado Quesada, 38, had 61 percent of the vote with results in from 91 percent of polling stations. His rival, Alvarado Munoz, a 43-year-old former TV journalist, had 39 percent of the vote.

Alvarado Quesada, who will be the youngest president in the modern history of Costa Rica, used the campaign to appeal to the progressive streak in a country known for pacifism and ecological stewardship.

Alvarado Munoz, best known for religious dance songs and ballads, has vowed to restore what he calls traditional values by preventing gay marriage and restricting women's access to abortions.

The election exposed deep divisions in the Central American tourist destination known for its laid-back beach culture and pristine rainforests, but whose rural communities remain socially conservative.

It could also reflect the mood elsewhere in Latin America, where several countries that have backed same sex unions are holding elections in 2018.

At a polling place in the western Pavas neighborhood of the capital San Jose, Alvarado Quesada, until recently a minister in the outgoing government also known for his student rock band, voted and spoke briefly to supporters.

"Costa Rica is an amazing country and we want to not only preserve its great democracy, its peaceful nature, its respect for the environment and human rights, but we also want to move Costa Rica forward," he said.

Shortly after Alvarado Munoz cast his vote at a school in the capital he pledged to lead a government free of bias, in a possible sign that he had sensed his hardline stance was turning off centrist voters.

"We're going to work for everyone and we won't discriminate against anyone. We will protect all groups that have felt vulnerable ... people with disabilities, people with different sexual orientations," he told reporters.

The two men took opposing positions on a January decision by the Inter-American Court of Human Rights, an influential regional body based in San Jose.

Fabricio, as supporters refer to Alvarado Munoz, called the ruling an affront to sovereignty. Threatening to remove the country from the court's jurisdiction, he shot from the margins to win the first round of voting in February.

Quesada, by contrast, backed the court's ruling. In the campaign's final debate, he called his opponent's comments homophobic.

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News Network
February 1,2020

Washington, Feb 1: The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.

"The Indian economy indeed has experienced an abrupt slowdown in 2019. We had to revise our growth projections, downwards to four percent for last year. We are expecting 5.8 per cent (growth rate) in 2020 and then an upward trajectory to 6.5 percent in 2021," Georgieva told a group of foreign journalists here on Friday.

"It appears that the main reason for this slowdown was the non-banking financial institutions experiencing a turbulence," she said on the eve of Union Finance Minister Nirmala Sitharaman presenting the annual budget in Parliament on Saturday.

She said India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact.

"For example, coming with the unified tax system, and the demonetisation that took place. These are steps that over time are beneficial, but of course they might, might be somewhat disruptive over short term," Georgieva said in response to a question.

The International Monetary Fund (IMF) Managing Director said that there is not a lot of fiscal space in India. “But we also recognise that the policies of the government on that side, on the fiscal side have been prudent. We will see how the reading of the budget, the submission of the budget goes, tomorrow,” she said.

In the medium-term, she said, the IMF remains optimistic about India. “This is why we see that upswing potential for the growth in the country,” she said.

Georgieva said that the current economic slowdown cannot be described as a recession. "No.... You're far from that. But it is a significant slowdown, not the recession," she said.

The IMF managing Director noted that the consumption in India also slowed down and that contributed to the overall slowdown in the economy. The IMF would be keen to see what India does to get relatively sound macroeconomic fundamentals to pay off in terms of better growth trajectory, she said ahead of the budget.

One thing that is important for India is that budgetary revenue have been below target. "The country knows that. The finance minister knows it. They need to increase budgetary revenue collection so they can improve their fiscal position. I said it's tight on the spending side, but I also want to stress that there is room to improve collection on the revenue side," she said.

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Agencies
August 7,2020

Colombo, Aug 7: Sri Lankan President Gotabaya Rajapaksa's party and its allies won an overwhelming two-thirds majority in a parliament election, results showed on Friday, giving him the power to enact sweeping changes to the constitution.

The governing Sri Lanka Podujana Peramuna and its allies had won 150 seats in the 225-member parliament, according to the tally published by the election commission from Wednesday's vote.

Rajapaksa had sought a two-thirds majority in parliament to be able to restore full executive powers to the presidency, which he says are necessary to implement his agenda to make the tiny island economically and militarily secure.

He is likely to install his older brother and former President Mahinda Rajapaksa as the next prime minister. The brothers are best known for crushing the Tamil Tiger rebels fighting for a separate homeland for minority Tamils during the elder Rajapaksa's presidency in 2009.

On a congratulatory phone call from Prime Minister Narendra Modi of India, which is keen to check Chinese influence on its southern neighbour, Mahinda Rajapaksa vowed to deepen ties between the two countries.

"With the strong support of the people of Sri Lanka, I look forward to working with you closely to further enhance the long-standing cooperation between our two countries," he told Modi. "Sri Lanka and India are friends and relations."

The tourism-dependent nation of 21 million people has been struggling economically since deadly Islamist militant attacks on hotels and churches last year followed by lockdowns to slow the spread of the coronavirus. 

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News Network
June 29,2020

Paris, Jun 29: More than half a million people have been killed by the novel coronavirus, nearly two thirds of them in the United States and Europe, according to an news agency tally at 2200 GMT Sunday based on official sources.

The official death count for the disease now stands at 500,390 deaths from 10,099,576 cases recorded worldwide. The United States has suffered the highest death count (125,747), followed by Brazil (57,622) and the United Kingdom (43,550).

The tallies, using data collected by AFP from national authorities and information from the World Health Organization (WHO), probably reflect only a fraction of the actual number of infections.

Many countries are testing only the most serious cases.

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