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Ten development banks pledge to boost lending by up to $400 billion to aid climate initiatives

Ten multilateral development banks (MDBs) have pledged to increase their lending capacity by $300,000 to $400,000 million over the next decade, the Inter-American Development Bank (IDB) announced in a statement this Saturday. Supported by shareholders and partners, this initiative aims to improve financing conditions so that developing countries can address the challenge of climate change.

This commitment is part of a roadmap established by the ten banks at the end of a retreat in Washington, organized by the IDB alongside the spring meetings of the International Monetary Fund (IMF) and the World Bank (WB). Ilan Goldfajn, president of the IDB, stated that this strategy aims to “deepen our collaboration and work together as a system to better serve our countries and maximize the impact of our actions.”

In addition to fighting climate change and aligning their operations with the objectives of the Paris Agreement, the banks plan to enhance their effectiveness and impact on development, strengthen co-financing with countries, and provide more data so investors can better assess risks and opportunities. They have also committed to increasing financing to the private sector, including local currency loans and solutions for exchange rate risk, with the aim of boosting private investment.

The involved banks include, in addition to the IDB, the World Bank Group, the African Development Bank, the Asian Development Bank, the Asian Infrastructure Investment Bank, the Council of Europe Development Bank, the European Bank for Reconstruction and Development, the European Investment Bank, the Islamic Development Bank, and the New Development Bank.

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International

Trump urges Putin to reach peace deal

On Monday, U.S. President Donald Trump reiterated his desire for Russian President Vladimir Putin to “reach a deal” to end the war in Ukraine, while also reaffirming his willingness to impose sanctions on Russia.

“I want to see him reach an agreement to prevent Russian, Ukrainian, and other people from dying,” Trump stated during a press conference in the Oval Office at the White House.

“I think he will. I don’t want to have to impose secondary tariffs on Russian oil,” the Republican leader added, recalling that he had already taken similar measures against Venezuela by sanctioning buyers of the South American country’s crude oil.

Trump also reiterated his frustration over Ukraine’s resistance to an agreement that would allow the United States to exploit natural resources in the country—a condition he set in negotiations to end the war.

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International

Deportation flight lands in Venezuela; government denies criminal gang links

A flight carrying 175 Venezuelan migrants deported from the United States arrived in Caracas on Sunday. This marks the third group to return since repatriation flights resumed a week ago, and among them is an alleged member of a criminal organization, according to Venezuelan authorities.

Unlike previous flights operated by the Venezuelan state airline Conviasa, this time, an aircraft from the U.S. airline Eastern landed at Maiquetía Airport, on the outskirts of Caracas, shortly after 2:00 p.m. with the deportees.

Interior Minister Diosdado Cabello, who welcomed the returnees at the airport, stated that the 175 repatriated individuals were coming back “after being subjected, like all Venezuelans, to persecution” and dismissed claims that they belonged to the criminal organization El Tren de Aragua.

However, Cabello confirmed that “for the first time in these flights we have been carrying out, someone of significance wanted by Venezuelan justice has arrived, and he is not from El Tren de Aragua.” Instead, he belongs to a gang operating in the state of Trujillo. The minister did not disclose the individual’s identity or provide details on where he would be taken.

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International

Son of journalist José Rubén Zamora condemns father’s return to prison as “illegal”

Guatemalan court decides Wednesday whether to convict journalist José Rubén Zamora

The son of renowned journalist José Rubén Zamora Marroquín, José Carlos Zamora, has denounced as “illegal” the court order that sent his father back to a Guatemalan prison on March 3, after already spending 819 days behind barsover a highly irregular money laundering case.

“My father’s return to prison was based on an arbitrary and illegal ruling. It is also alarming that the judge who had granted him house arrest received threats,” José Carlos Zamora told EFE in an interview on Saturday.

The 67-year-old journalist was sent back to prison inside the Mariscal Zavala military barracks on March 3, when Judge Erick García upheld a Court of Appeals ruling that overturned the house arrest granted to him in October. Zamora had already spent 819 days in prison over an alleged money laundering case.

His son condemned the situation as “unacceptable”, stating that the judge handling the case “cannot do his job in accordance with the law due to threats against his life.”

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