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New York: Costa Rica and El Salvador, two countries highly affected by drug-related violence in recent years, have urged the United Nations to help fight drug cartels and organized crime, and called on Member States with high numbers of drug consumers to take the lead on the issue.

New York: Palestinian Authority President Mahmoud Abbas today submitted an application for Palestine to become a United Nations Member State.

New York: From achieving current development goals to securing even more ambitious targets, the bloc of developing nations known as the Group of 77 and China has a pivotal role to play in achieving the ultimate goal of a world free from poverty, Secretary-General Ban Ki-moon said today.

New York: UN Secretary-General Ban Ki-moon today urged all remaining States to seize the moment and sign and ratify the global treaty banning nuclear tests, with the aim of bringing it into force by 2012.

MANILA, PHILIPPINES – A new report finds that international finance institutions play a key role in catalyzing job creation and growth through the private sector in emerging markets, particularly as governments face increased pressure on public resources.

An International Monetary Fund (IMF) team, led by Mr. Christian Beddies, visited Bishkek September 7-21, 2011 to hold discussions for the first review under a three-year, SDR 66.6 million (about US$106 million) Extended Credit Facility arrangement with the Kyrgyz Republic.

New Delhi: India would soon upgrade its military capabilities in its northeastern border with the induction of an advanced variant of the 290-km range supersonic cruise missile for self-defense. The techniques of mountain warfare is also to be upgraded.

WTO economists announced today that they are revising their 2011 trade forecast to 5.8%, down from their earlier conservative estimate of 6.5%, since trade has grown more slowly than expected in recent months and the outlook for the global economy is increasingly uncertain.

LUCKNOW: Talks are on between senior leaders of Congress and Rashtriya Lok Dal (RLD) for alliance in western Uttar Pradesh.

Bad news for the government and the entire economy! The country’s central bank does not seem to be in control of the money supply with the public (M3). And, therefore, its monetary measures, including successive rate hikes, failed to control inflation. Despite rate hikes, bank credit this year grew by over 20 per cent.