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G20 Should Support a Pro-Growth Agenda for Developing Countries

Author: Special Correspondent - Published 29-06-2010 08:52 GMT-0000
Washington — The Group of 20 should strive to promote long-term, broad-based growth, since this represents the most effective means to help lift tens of millions of people in the developing world out of poverty. Moreover, faster growth in developing countries could kick off a virtual cycle towards more diversified, sustainable and less volatile global demand, the World Bank said.

IMF Approves US$472.9 Million Disbursement to Serbia

Author: Special Correspondent - Published 29-06-2010 08:43 GMT-0000
The Executive Board of the International Monetary Fund (IMF) has completed the fourth review of Serbia's economic performance under a program supported by a Stand-By Arrangement (SBA). The completion of the review enables the immediate disbursement of SDR 319.595 million (about €383.2million, or US$472.9million). Drawing the full amount would bring total disbursements under the program to SDR 1.50 billion (about €1.80 billion, or US$2.22 billion).

IMF Approves US$407.8 Million Disbursement to Sri Lanka

Author: Special Correspondent - Published 29-06-2010 08:39 GMT-0000
The Executive Board of the International Monetary Fund (IMF) today completed the second and third reviews of Sri Lanka's economic performance under a program supported by a Stand-By Arrangement (SBA). The completion of the reviews enables the immediate disbursement of an amount equivalent to SDR 275.6 million (about US$407.8 million), bringing total disbursements under the arrangement to an amount equivalent to SDR 689.0 million (about US$1,019.4 million).

UN LABOUR CHIEF EXTOLS G20 FOR PRIORITIZING JOB CREATION

Author: Special Correspondent - Published 29-06-2010 08:35 GMT-0000
New York: The head of the United Nations International Labour Organization (ILO) has praised the leaders of the Group of 20 (G20) industrialized nations for recognizing the importance of the need to spur economic recovery and generate employment.

EMPOWERMENT OF WOMEN AND GIRLS TOPS AGENDA AT UN ECONOMIC AND SOCIAL COUNCIL

Author: Special Correspondent - Published 29-06-2010 07:57 GMT-0000
New York: The annual high-level segment of the United Nations Economic and Social Council (ECOSOC) opened with speakers calling for women and girls to be placed at the centre of the global struggle to achieve the social and economic targets known as the Millennium Development Goals (MDGs).

IMF Approves Three-Year Arrangements under EFF and ECF for the Republic of Armenia

Author: Special Correspondent - Published 29-06-2010 07:54 GMT-0000
The Executive Board of the International Monetary Fund (IMF) today approved a three-year arrangement under the Extended Fund Facility (EFF) in an amount equivalent to SDR133.40 million (US$197.4 million) and a three-year arrangement under the Extended Credit Facility (ECF) in an amount equivalent to SDR 133.40 million (US$197.4 million) for the Republic of Armenia.

UNFPA WELCOMES G8 INITIATIVE ON MATERNAL AND CHILD HEALTH

Author: Special Correspondent - Published 29-06-2010 07:49 GMT-0000
New York: The head of the United Nations Population Fund (UNFPA) has welcomed the decision by leaders of the Group of 8 (G8) industrialized countries to boost efforts to improve maternal and child health in poorer countries, urging the world to ensure that no woman died while giving birth.

PRAISING ERITREA'S ENGAGEMENT WITH NEIGHBOURS, UN URGES COMPLIANCE WITH RESOLUTIONS

Author: Special Correspondent - Published 29-06-2010 07:46 GMT-0000
New York: Eritrea deserves credit for its recent constructive engagement with its neighbours and the international community, UN Secretary-General Ban Ki-moon says in a new report in which he urges the country to provide evidence that it is complying with a Security Council resolution that imposed sanctions for the country's destabilizing activities in Djibouti and Somalia.

REPORT URGES CENTRAL AFRICANS TO PRESS AHEAD WITH ELECTIONS PREPARATIONS

Author: Special Correspondent - Published 29-06-2010 07:41 GMT-0000
New York: All parties in the Central African Republic (CAR) have been urged to forge ahead with preparations for presidential and parliamentary elections, which were originally scheduled for earlier this year but have been postponed several times.

Iceland's economy technically emerged from the post-crisis recession, headwinds and risks remain

Author: Special Correspondent - Published 29-06-2010 07:37 GMT-0000
A mission from the International Monetary Fund (IMF), headed by Mark Flanagan, visited Reykjavik during June 14-28 to hold discussions for the 2010 Article IV Consultation and the third review under the US$2.1 billion Stand-By Arrangement.

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  2. International
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