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IMF Reaches Staff-Level Agreement with Moldova

Special Correspondent - 2011-02-16 23:54
An International Monetary Fund (IMF) mission for the second review under the Extended Credit Facility/Extended Fund Facility (ECF/EFF) arrangements with Moldova led by Nikolay Gueorguiev visited Chisinau during February 2–16.

STOP USING EXCESSIVE FORCE AGAINST PROTESTERS, UN RIGHTS CHIEF TELLS BAHRAIN

Special Correspondent - 2011-02-16 23:49
New York: The United Nations human rights chief has voiced alarm at the excessive use of force by authorities in Bahrain, including the killing of two peaceful protesters, and urged respect for the right to demonstrate.

ADB, Japan Support Water Upgrade in Northern Sri Lanka

Special Correspondent - 2011-02-16 23:45
MANILA, PHILIPPINES - The Asian Development Bank (ADB) and Government of Japan are to help Sri Lanka step up water and sanitation improvements in poor, post-conflict areas in the north of the country.
Afghanistatan

Economic activity growing at about 8 percent

Special Correspondent - 2011-02-16 23:42
Following a request by the Afghanistan authorities, an International Monetary Fund (IMF) team led by Enrique Gelbard visited Kabul during February 5–15 to assess economic conditions and discuss an economic program that could be supported by the IMF’s Extended Credit Facility (ECF).
To counter China's military modernisation

India to review defence preparedness

Help in developing broader Asian identity
ASHOK B SHARMA - 2011-02-16 23:40
New Delhi: In response to China's military modernisation programme, India has said that it would carry out a comprehensive review of its defence preparedness and remain vigil at all times.

Turkey’s main challenge is determining the right policy mix

Special Correspondent - 2011-02-16 23:01
Executive Directors of the International Monetary Fund (IMF) have welcomed the strong recovery of the Turkish economy during 2010, with output exceeding its pre-crisis level and unemployment moderating significantly. They noted, however, the sharply widening current account deficit, which is linked to weak competitiveness in the context of abundant low-cost external financing.

UNESCO ISSUES ALERT OVER ARTEFACTS REPORTED STOLEN FROM EGYPTIAN MUSEUMS

Special Correspondent - 2011-02-15 23:52
New York: Amid reports that important artefacts have been stolen from the Egyptian Museum in Cairo and other sites in the country, the head of the United Nations agency tasked with preserving humanity’s cultural heritage today alerted authorities, art dealers and collectors across the world to be on the lookout for the missing relics.

Outlook for Libya’s economy remains favorable

Special Correspondent - 2011-02-15 23:35
Executive Directors of the International Monetary Fund (IMF) agreed with the thrust of the staff appraisal. They welcomed Libya’s strong macroeconomic performance and the progress on enhancing the role of the private sector and supporting growth in the non-oil economy. The fiscal and external balances remain in substantial surplus and are expected to strengthen further over the medium term, and the outlook for Libya’s economy remains favorable. Directors saw as the main challenges the need to provide employment opportunities for a young and growing labor force, and the steadfast implementation of reforms to diversify the economy and reduce the high dependence on oil revenue.

Dominican economy expected to expand at a rate of between 5.5 and 6 percent

Special Correspondent - 2011-02-15 23:30
An International Monetary Fund (IMF) mission led by Mr. Alejandro Santos visited Santo Domingo during February 1-14 to conduct discussions under the fifth review of the Stand-By Arrangement (SBA), which was approved by the IMF Executive Board in November 2009. The mission met with Vice-President Rafael Alburquerque, as well as members of the Economic and Social Cabinets, senior government officials, and representatives of the international community.
Many NRIs leave their Indian wives in distress

Amend Hindu Marriage Act to prevent fraud in NRI marriages : Experts

Mandatory registration of marraiges suggested
ASHOK B SHARMA - 2011-02-15 22:59
New Delhi: Experts called for necessary amendments in the Hindu Marriage Act to ensure protection to the rights of the victims of failed marriages, particularly those relating to the non-resident Indians (NRIs) and Indians settled abroad.