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Financial institutions welcome IMF statement on Jamaica

April 10, 2013 12:47
The World Bank and the Inter-American Development Bank (IDB) have welcomed the decision by the International Monetary Fund (IMF) that it could approve an US$958 million External Fund Facility (RFF) for Jamaica by the end of this month.“This is an important reflection of that institution's confidence in Jamaica's macroeconomic stabilization programme,” said the Washington-based financial institutions in a joint statement issued here on Monday.“Jamaica has taken the bold decision to tackle the structural impediments to growth that have hindered its development for decades,” the

ADB warns of risks to developing Asia’s rebound

April 9, 2013 14:01
Economic growth in developing Asia is picking up, underpinned by China’s rebound and strength in countries such as Indonesia, the Asian Development Bank said in a report Tuesday, while warning that political disputes pose an increased threat to growth. The Manila-based lender’s 2013 Asian Development Outlook said some big dangers to regional growth have faded, such as the possibility of the euro common currency breaking up or a “US fiscal shock” stemming from brinkmanship over the debt ceiling in the world’s biggest economy. But it said that “political risks are emerging as the

UN shuts relief and distribution centers in Gaza

April 9, 2013 09:47
The UN agency which provides assistance and protection for Palestinian refugees is temporarily closing all its relief and distribution centers in the Gaza Strip, after demonstrators stormed its office there, a UN spokesperson said on Friday. On Thursday, demonstrators stormed the compound of the Gaza Field Office of the UN Relief and Works Agency for Palestinian Refugees (UNRWA), in response to a program cut necessitated by budget shortfalls, said deputy UN spokesman Eduardo del Buey at a daily news briefing here. "The incident is a dramatic and disturbing escalation in a serie

Trinidadian named to UNESCO group

April 9, 2013 09:07
Trinidadian author and educator, Dr Kris Rampersad is one of six international experts who will serve on the consultative body of the international Intern Governmental Committee on safeguarding intangible cultural heritage of the United Nations Education, Science and Cultural Organization (UNESCO). The decision to appoint the experts was made at last December’s meeting of the InterGovernmental Committee in France and Rampersad was elected as Vice-Chair during the committee’s first meeting this week. As a member of this organ, she will participate in scrutinising applications to

Kazakhstan needs to improve life expectancy - UNDP

April 9, 2013 09:04
As part of the development of human capital Kazakhstan needs to improve life expectancy of its citizens, representative of UNDP Human Development Report Office Amie Gaye stated during the presentation of the 2013 Human Development Report "The Rise of the South: Human Progress in a Diverse World" in the Ministry of Foreign Affairs of Kazakhstan."Kazakhstan has problems in the field of development of human capital and one of them is the life expectancy and birth rate", the UNDP representative said.She noted that in terms of human development, Kazakhstan has shown good results o

South Sudan ambush kills five U.N. peacekeepers, seven civilians

April 9, 2013 08:45
By Andrew Green JUBA (Reuters) - Five U.N. peacekeepers and seven civilians working for the U.N. mission in South Sudan were killed in an ambush by unidentified attackers in the restive eastern state of Jonglei on Tuesday, the United Nations said. "At least nine additional peacekeepers and civilians were injured in the attack and some remain unaccounted for," the U.N. Mission in South Sudan (UNMISS) said in a statement.

RAHA KP undertakes initiative economic empowerment of women

April 9, 2013 04:47
An endeavour to make women more empowered and economically developed, Refugees Affected and Hosting Areas Program RAHAKP has undertaken an initiative to engage the communities in the development process especially the women. Under the program, an irrigation channel in Union Council Khazana, district Peshawar was inaugurated by Ms Elena Tischenko The Chief South and West Asian Division, RBAP UNDP, and The Country Director of UNDP in Pakistan, Mr Marc Andre Franche. The irrigation channel has been completed by the Women Village Organization Noor constructed at a cost of Rs1.7mill

UN chief describes Malala as a ‘symbol of hope’

April 9, 2013 03:01
United Nations Secretary General Ban Ki Moon has described Pakistani rights activist Malala Yousufzai “a symbol of hope, a daughter of the United Nations.” Pakistani rights activist Malala Yousufzai has expressed hope about becoming a leader to serve the world, during a video conversation with United Nations Secretary General Ban Ki Moon who described the 14-year old as a “symbol of hope”. “I can walk. I can talk.

Jamaica pledged $2 billion for restructuring

April 8, 2013 19:01
Three key international lenders announced preliminary approval Monday for nearly $2 billion in loans to support a sweeping restructuring program for impoverished Jamaica. The International Monetary Fund, the World Bank and the Inter-American Development Bank said they were ready to provide new support after Kingston showed its commitment to reforms. The World Bank and IDB were putting up $510 million each to supplement a $958 million four-year loan from the IMF. The loans all still need final approval from the respective boards of each institution.

Portugal says EU-IMF-ECB auditors to make special visit

April 8, 2013 13:47
Auditors from Portugal's international creditors will make an additional visit to the country in the coming weeks as it seeks to find new spending cuts after a court ruling rejected a number of austerity measures, an official said Monday. Following the Constitutional Court's rejection of several budget measures, auditors from the so-called troika of the EU, IMF and ECB "will make an additional visit to Portugal", Finance Minister Vitor Gaspar said in a statement.
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