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WASHINGTON – The World Bank’s Board of Executive Directors has approved US$420 million in additional International Development Association (IDA) funding for the Protection of Basic Services (PBS) program for Ethiopia.

New York: The United Nations Environment Programme (UNEP) today announced that India will be the global host of this year’s World Environment Day (WED) on 5 June, during which the intrinsic link between quality of life and the health of forests and forest ecosystems will be highlighted.

NAIROBI - The World Bank today announced the launch of a new global fellowship program to tap new expertise into its development work and strengthen its knowledge network.

WASHINGTON- One year after the launch of a pioneering initiative to improve the well being of Latin American kids, more than half a million young children have benefited from the Early Childhood Initiative: An Investment for Life, a joint venture of the World Bank and Shakira’s advocacy group ALAS.

Beijing – Prenatal care and the quality of life experienced in the early years from birth to the first six years affect physical and brain development of children, and lay the foundation for cognitive and socio-emotional development in subsequent stages of their lives. Investing in early childhood development and education yields high economic returns, is the most cost-effective strategy to break the inter-generational transmission of poverty, and improves productivity and social cohesion in the long run, says a World Bank study released here today.

New York: With Timor-Leste continuing to consolidate peace and stability and promote development, the United Nations is already planning for the end of a mission in the once troubled country that could serve as an example for other operations, a senior UN official said today.

An International Monetary Fund (IMF) mission, led by Albert Jaeger, visited Serbia during February 10–21, 2011, to conduct discussions on the seventh and final review of Serbia’s economic program supported by a Stand-By Arrangement (SBA) with the IMF.

New York: Pakistan is at risk of increased loss of lives, property and livelihoods in future if it fails to invest in disaster preparedness, the top United Nations official on disaster risk reduction, Margareta Wahlström, said today at the end of a five-day visit to the South Asian country.

Backed by the steady implementation of the economic program supported by the Stand-By Arrangement with the International Monetary Fund (IMF), real GDP of Georgia grew by over 6 percent in 2010.

New York: UN Secretary-General Ban Ki-moon and the United Nations human rights chief have both called on the Libyan authorities to immediately end their violent crackdown on protesters, and the Security Council is meeting today to discuss the situation in the North African nation.