US President Current Affairs - 2020
On May 5, 2020, the US President Donald Trump had nominated Indian American Ashok Michael Pinto as the US representative to IBRD (International Bank of Reconstruction and Development).
Mr Pinto replaced Erik Bethel. Mr Bethel resigned from the post. Pinto was serving the Counselor to Under Secretary for International Affairs in the department of treasury of the US. It is to be noted that Mr Pinto was a special assistant to President George W Bush.
International Bank of Reconstruction and Development
The IBRD is an international financial institution that was established in 1944. The headquarters of the bank is located in Washington D C. The bank offers loans to middle income developing countries. It is one of the five member institutions that compose the world bank.
The IBRD, its lending arms and the International Development Association are collectively known as World Bank.
Five member institutions
The Five major member institutions that make up the World Bank include IBRD, Multilateral Investment Guarantee Agency (MIGA), International Development Association (IDA), International Finance Corporation (IFC) and International Centre for Settlement of Investment Disputes
International Development Association
The International Development Association was established as a member in 1960. Generally, the IBRD and IDA are collectively called the World Bank. This is because, the other associations and institutions have relatively lesser importance.
Tags: IBRD • India-USA • International Centre for Settlement of Investment Disputes • International Development Association • International Finance Corporation
On February 5, 2020, US President Donald Trump who had been impeached by the House of Representatives has been acquitted at the Senate trial. He now becomes the third President in the US history to be impeached by House of Representatives and acquitted by the Senate. The other two Presidents were Bill Clinton in 1999 and Andrew Johnson in 1868.
Mr Trump was accused of charges that he had sought help from Ukraine to bolster his 2020 re-election. The Supreme Court Judge who presided over the trial adjudged the case as two-thirds of the senators pronounced him not guilty.
US President Impeachment
The Constitution of United States authorizes the House of Representatives to remove a US President over a simple majority vote. At the house of Senate, the President is impeached through a trial presided over by the Chief Justice of Supreme Court that requires two-thirds majority.
The Impeachment Procedure of President of India is provided in the Article 61 of the Indian Constitution. In India the President shall be impeached for violating Constitution of India.