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New Delhi: India expects bilateral meetings with the heads of governments of eight South Asian countries with positive outcomes in the form of agreements at the sidelines of the three-day 17th SAARC Summit in Addu island of the Maldives from November 9.

The Executive Board of the International Monetary Fund (IMF) today approved a three-year arrangement for Côte d’Ivoire under the Extended Credit Facility (ECF) in an amount equivalent to SDR 390.24 million (about US$615.9 million), representing 120 percent of Côte d’Ivoire’s quota in the IMF. Approval makes immediately available a first disbursement of an amount equivalent to SDR 81.3 million (about US$128.3 million).

WTO Deputy Director-General Valentine Rugwabiza, in a speech at the University of Hong Kong on 4 November 2011, warned that “to turn to protectionist trade measures in the current circumstances would be a huge mistake triggering a game of lowest common denominator where the loser will ultimately be global growth”. She added that the influence of Hong Kong, China in the WTO “comes from the fact that she leads by example”.

WASHINGTON DC – A week of meetings among countries participating in the Climate Investment Funds (CIFs) has resulted in more than $1 billion committed to solving the problems of climate change. Today, the Climate Investment Funds approved $ 1.08 billion in near-zero-interest loans and grants to support Bolivia, Honduras, India, Jamaica, Lao PDR, Mali, Mexico, and Nepal in their efforts toward arresting and adapting to climate change.

New York: A new United Nations expert body that promotes respect for human rights among businesses is inviting governments, companies and non-governmental organizations (NGOs) to submit ideas and proposals to help establish its work programme next year.

New York: The President of the General Assembly, Nassir Abdulaziz Al-Nasser, today said that the United Nations body should continue working for a “just and comprehensive negotiated peace settlement” in the Middle East that will result in two viable sovereign States – Israel and Palestine – coexisting peacefully.

An International Monetary Fund (IMF) mission headed by Ulric Erickson von Allmen visited Uruguay Oct 24-Nov 4 to conduct the country’s annual Article IV consultation.

Executive Directors of the International Monetary Fund (IMF) have welcomed the gradual recovery of The Bahamas economy, but noted that unemployment remains high. While large investment projects will support growth, downside risks arise from a slower-than-expected U.S. recovery, elevated international food and fuel prices, and the vulnerability to natural disasters. Directors called for steadfast implementation of reforms to place public debt on a sustainable path, build fiscal buffers, and enhance medium-term growth prospects.

New York: The United Nations refugee agency today resumed the repatriation of Angolan refugees from the Democratic Republic of the Congo (DRC) after a four-year hiatus, aiming to help more than 40,000 people go home.

New York: It is vital for authorities in Moldova to ensure an independent judiciary, tackle discrimination and protect the rights of minorities as it works to strengthen democracy, the United Nations human rights chief said today.