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Governments and taxpayers spent about half a trillion US dollars last year supporting the production and consumption of fossil fuels. Removing inefficient subsidies would raise national revenues and reduce greenhouse-gas emissions, according to OECD and IEA analyses.

New York: Understanding more about space science and that benefits that such technology has brought to everyday life is essential to helping the world address its most urgent problems, the United Nations said today as the Organization kicked off World Space Week.

Directors of the International Monetary Fund (IMF) have broadly agreed with the conclusions of the Ex-Post Assessment of Mauritania’s economic performance under the last three Fund-supported programs. They agreed that the newly finalized poverty-reduction strategy paper and the current Extended Credit Facility (ECF)-supported program appropriately address the challenges identified by the EPA.

WTO members scrutinized countries’ latest domestic support figures, assessed China’s performance over 10 years of membership and started to reflect on how they might reinvigorate their regular work, when they met as the Agriculture Committee on 29-30 September 2011.

At the meeting of the Committee on Trade-Related Investment Measures (TRIMs) on 3 October 2011, some members raised questions about certain investment measures by India, Indonesia and Nigeria. It also carried out its final annual review of China’s implementation of its commitments under the TRIMs Agreement.

New York: The United Nations has launched a pilot programme that uses mobile telephone technology to facilitate cash transfers to help thousands of poor people that were badly affected by the post-election crisis in Côte d’Ivoire to buy food.

New York: The United Nations human rights office today voiced deep concern about the anti-Roma demonstrations and accompanying hate speech that have been occurring in Bulgaria, and called on authorities to combat discrimination and protect minority groups.

MANILA, PHILIPPINES – The Asian Development Bank (ADB) is extending $200 million to aid Indonesia’s push to develop strong regional governments which can boost growth and cut poverty at the local level.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) is providing fresh support to help the Lao People's Democratic Republic (PDR) build up small and medium-sized enterprises (SMEs) in a bid to broaden sources of growth in the national economy.

The United Progressive Alliance government has scandalised the public by repeatedly stating before the Supreme Court that it cannot commit itself to providing enough food to the Indian people at affordable prices. Its latest affidavit, filed through the Planning Commission, says that the per capita urban poverty line estimated by an expert committee headed by the late Suresh Tendulkar is Rs 32 a day at current prices; it’s Rs 26 a day for the rural areas. The Central government can at maximum provide subsidised foodgrains to those below this income through the Public Distribution System.