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Directors of the International Monetary Fund (IMF) have commended the authorities of Cambodia for their timely policy response, which had helped mitigate the impact of the global crisis and supported the nascent recovery. Directors noted, however, that to achieve sustainable broad-based growth, it will be necessary to address the economy’s long-standing structural weaknesses which were exposed by the global crisis. This includes expanding the limited fiscal space; strengthening monetary policy, especially in light of high degree of dollarization; preserving financial system stability; and promoting private sector-led economic diversification.

New York: The United Nations today launched the first global report on the resources currently available to tackle alcohol and illicit drug use disorders, which affect millions of people worldwide and cause a range of other health problems.

New York: The outcome of last week’s United Nations climate change conference in Cancún, Mexico, has put the negotiation process back on track, a UN official said today, outlining some of the key agreements reached at the meeting.

New York: A massive scale-up in malaria control programmes between 2008 and 2010 has resulted in the provision of enough insecticide-treated mosquito nets (ITNs) to protect more than 578 million people at risk in sub-Saharan Africa, according to a United Nations report issued today.

New York: Chadian security forces entrusted with protecting civilians will need continued international assistance after the United Nations mission withdraws at the end of the year, the top UN envoy in the country said today.

New York: The United Nations peacekeeping mission in the Democratic Republic of the Congo (DRC) voiced concern today at the possibility of renewed attacks on civilians by the brutal Ugandan rebel Lord’s Resistance Army (LRA) over the upcoming holiday season.

New York: Donors today pledged a total of $358 million in contributions to the United Nations-managed humanitarian fund created five years ago to ensure rapid and reliable assistance for people affected by conflict and natural disasters.

New York: The head of the United Nations refugee agency today urged the international community to come up with ways of responding to the displacement of people as a result of evolving circumstances that did not exist when the organization was founded or when treaties on refugees were created.

The Executive Board of the International Monetary Fund (IMF) has completed the first review of Guinea-Bissau’s economic performance under its program supported by the Extended Credit Facility (ECF) arrangement. Completion of the review, on December 13, 2010, enables the immediate disbursement of SDR 2.414 million (about US$3.71 million), bringing total disbursements under the arrangement to SDR 10.295 million (about US$15.83 million).

New Delhi: The Housing and Urban Poverty Alleviation Minister Kumari Selja has said that Swarna Jayanti Sahari Rozgar Yojana (SJSRY) strives to improve the economic and social status of urban poor through providing opportunities for wage and self-employment.