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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.

New York: The United Nations reported today that it is increasing its joint efforts with Cambodian authorities and aid providers to offer food assistance to some of the thousands of people that have been displaced by severe flooding recently.

New York: The United Nations World Food Programme (WFP) today welcomed the decision by leaders of the Group of 20 (G-20) major economies to exempt food aid from export restrictions and extra taxation, saying the move would ensure food assistance continues to reach people affected by hunger as a result of high prices and humanitarian crises.

New York: The United Nations envoy for Myanmar today called on the authorities to keep up the momentum of recent initiatives to strengthen national unity and advance dialogue and reconciliation, stressing the ‘historic opportunity’ they have to set the country on a new path.

Executive Directors of International Monetary Fund (IMF) have welcomed Nepal’s generally prudent fiscal performance, the improvements in living standards, and the progress toward the achievement of the Millennium Development Goals. Looking ahead, Directors stressed that Nepal’s macroeconomic environment has become increasingly challenging, requiring decisive actions to address financial sector fragility while maintaining macroeconomic stability and poverty reduction efforts.

The International Monetary Fund (IMF) today completed its first course on Linkages of Macroeconomic Accounts Statistics at the IMF-Singapore Regional Training Institute.

Ms. Christine Lagarde, Managing Director of the international Monetary Fund (IMF) has welcomed the G-20 Cannes Action Plan for Growth and Jobs as well as the other steps announced at the Summit, including the measures that will support the IMF in assisting member countries and in promoting a more sustainable global economy.

An International Monetary Fund (IMF) team led by Mr. Koshy Mathai visited Fiji during October 24—November 4 to hold discussions with the Fijian authorities and other stakeholders on the 2011 Article IV Consultation. The team met with Attorney General Aiyaz Sayed-Khaiyum, Reserve Bank of Fiji (RBF) Governor Barry Whiteside, and other senior public officials, as well as representatives from the private sector, academia, the development-partner community, and other parts of civil society. Staff from the Asian Development Bank and the World Bank joined the mission.