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New York: Led by China and India, the Asia-Pacific region made a significant economic recovery this year, following recession in previous years, but weakening economies in developed countries could pose new challenges for the region in 2011, according to a report from the UN’s commission for the region.

An International Monetary Fund (IMF) mission led by Mr. David Cowen visited Dhaka during December 6−15, 2010. The mission conducted the 2010 Article IV consultation discussions and reached a mission-level agreement in principle with authorities on their economic reform program, which could be supported by the IMF under the Extended Credit Facility (ECF).

New York: Greek Cypriot and Turkish Cypriot leaders made more progress today on economic issues and exchanged further ideas on governance and power sharing in United Nations-sponsored talks aimed at reunifying the Mediterranean island.

Horticulture is perhaps the most profitable venture of all farming activities as it provides ample employment opportunities and scope to raise the income of the farming community. It also has tremendous potential to push the overall agriculture growth to more than the targetted 4 per cent.

The global community and the world bodies like the United Nations time and again underline the need to focus on urgent national and international steps to be taken for ensuring education for the girl child. Hundreds of millions of young children, mostly girls, throughout the world are often deprived of education along with other essential needs like adequate food, clothing and health care. Going by these yardsticks, the development of a Nation is truly measured by many indicators and among them literacy levels especially of women and girl children are vital.

DUSHANBE, TAJIKISTAN - The Asian Development Bank (ADB) today signed a trade finance agreement with Tojiksodirotbonk OJSC that is expected to help exporters and importers in Tajikistan conduct more international business.

KOLKATA: Bangladesh authorities are working out a new system of fees to be levied on heavy equipment moving from India for dispatch to Tripura through its territory, according to reports in Dhaka-based Media. This comes in addition to the existing system of fees, as the bulk movement of goods became a reality, following an agreement signed between the two countries on November 30.

KOLKATA: The CPI(M) leaders and some of their allies of ruling Left Front in West Bengal such as the CPI have of late been inculcating a notional perception about signs of turnaround in favour of LF ending the pervading despair among the rank and file of LF after the debacle in the 15th parliamentary elections in 2009. One of the hidden reasons for this optimism is delimitation of constituencies. The Opposition, mainly the AITC, criticized the delimitation alleging that the recast constituencies were aimed against those seats, held by the party.

The Congress-led UPA Government, barely nineteen months in its second term, finds itself in an appalling state, not only lacking inherent strength or internal coherence but also slipping into a drift with its failure to provide credible governance and enforce probity in administration. For UPA-II, the crisis has long been in the making.

MANILA, PHILIPPINES - The Pacific Island economies have benefited from the gradual recovery in the world economy and the firm Australian economy, but fiscal conditions in some Pacific economies remain a concern, according to the latest edition of the Asian Development Bank's (ADB) Pacific Economic Monitor.