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IMF reached a Staff-Level Agreement with Portugal on a €26 billion Extended Fund Facility Arrangement.

HA NOI, VIET NAM - State Bank of Viet Nam Governor Nguyen Van Giau and Asian Development Bank (ADB) President Haruhiko Kuroda today signed a $1.38 billion financial assistance package to enhance Viet Nam’s nationwide clean water access, conserve threatened forests, and ease urban gridlock. The total cost of the three projects is almost $4.5 billion.

New York: United Nations officials today hailed the significant impact of midwives on the health of women and newborns, and called for greater investment to ensure their life-saving services are available to all who need them around the world.

New York: The governments of Sudan and Southern Sudan have committed to implementing the two recent agreements aimed at restoring calm to the disputed region of Abyei, where clashes have claimed the lives of dozens of people in recent months, a senior United Nations official said today.

New York: The 2010 Revision of World Population Prospects, released yesterday by the UN, indicate that the global population will surge past 9 billion before 2050 and eventually pass 10 billion before the end of the century.

HA NOI, VIET NAM - Asia's rapid economic ascent and growing influence in global economic governance – particularly in the G20 – means the region must promote itself to play a greater role in correcting major gaps and weaknesses in the international monetary system (IMS), a high-level panel said here today.

HA NOI, VIET NAM - ADB President Haruhiko Kuroda today called on Asian governments to harmonize efforts to build more resilient and stable financial systems.

NEW DELHI: The issue of fixing transit fee that India will be paying to Pakistan and Afghanistan for allowing passage of the gas, will come up for discussion in Kabul on May 13 and 14 at the meeting of the four countries — Turkmenistan, Afghanistan, Pakistan and India, who are participants in the TAPI project. At the 13th meeting of the working group held here last week, major issues were sorted out and the officials of the four countries decided to sign the US$7.6 billion transnational gas pipeline by July 31 this year.

NEW DELHI: India is strongly opposed to the inclusion of the Chinese currency renminbi among the International Monetary Fund’s basket of currencies that make up the SDRs. India has already conveyed it to its partners in BRICS group like China, Russia, Brazil and South Africa.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) has stepped up assistance for projects and programs that support environmentally sustainable development in member countries, says a new report.