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The Executive Board of the International Monetary Fund (IMF) today completed the first review of Ukraine’s economic performance under the program supported by a Stand-By Arrangement (SBA). The completion of the review enables the immediate disbursement of SDR 1 billion (about €1.2 billion, or US$1.5 billion). Drawing the full amount would bring total disbursements under the program to SDR 2.25 billion (about €2.6 billion, or US$3.4 billion).

The International Monetary Fund (IMF) today released results from its inaugural Coordinated Direct Investment Survey (CDIS), the first worldwide survey of foreign direct investment positions. The results, published as an online database, cover investment positions at end-2009 for 72 participating economies. The survey will be carried out annually and the intention is to broaden coverage in terms of both geographical representation and breakdowns of the data.

New York: The United Nations agency mandated to defend freedom of expression and press freedom today called for improved safety for journalists and other media professionals working in areas of conflict or social unrest so they can carry out their duties.

Executive Directors of the International Monetary Fund (IMF) have commended the authorities of Canada for the credible framework for macroeconomic policy, their strong policy response to the crisis and the resilient financial system, all of which have enabled Canada to exit the crisis on a strong footing. The recovery, forceful in the beginning, is now moderating and risks to the outlook have increased. To consolidate the gains achieved thus far, Directors encouraged the authorities to maintain their prudent and far-sighted policies, while further strengthening productivity and competitiveness.

The Executive Board of the International Monetary Fund (IMF) today completed the sixth review of Serbia’s economic performance under the program supported by a Stand-By Arrangement (SBA). The completion of the review enables the immediate disbursement of SDR 319.595 million (about €373 million, or US$489 million). Drawing the full amount would bring total disbursements under the SBA to SDR 1.59 billion (about €1.9 billion, or US$2.4 billion).

New York: In the face of increased successes by international forces and the national army in Afghanistan, the Taliban may attempt spectacular attacks in the coming weeks, the top United Nations envoy in the country warned today.

New York: The UN Security Council today set up a new body to finish the remaining tasks of the United Nations war crimes tribunals for the former Yugoslavia and Rwanda, while calling on the courts to conclude their work by the end of 2014.

New York: The United Nations mission in Chad and the Central African Republic (MINURCAT) has handed over its programmes to the Government of Chad and the UN agencies in the country as it prepares to wind up its responsibilities there at the end of this month.

Directors of the International Monetary Fund (IMF) have commended the authorities’ stabilization efforts that helped Seychelles overcome the 2008 balance of payments and debt crisis and the recent global recession. Directors noted a remarkable turnaround of economic policies, including foreign exchange market liberalization and floating of the rupee, exceptional fiscal adjustment, and enhanced management of public finances and the central bank. They also noted the important role played by international assistance, which facilitated successful restructuring of external debt and the return of investor confidence.

New Delhi: In the beginning of Circa 2011, the government has planned to market the potential of the resource-rich north-east India before millions of Overseas Indians and allure them to invest in this region.