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HA NOI, VIET NAM - ADB President Haruhiko Kuroda today called on Asian governments to harmonize efforts to build more resilient and stable financial systems.

NEW DELHI: The issue of fixing transit fee that India will be paying to Pakistan and Afghanistan for allowing passage of the gas, will come up for discussion in Kabul on May 13 and 14 at the meeting of the four countries — Turkmenistan, Afghanistan, Pakistan and India, who are participants in the TAPI project. At the 13th meeting of the working group held here last week, major issues were sorted out and the officials of the four countries decided to sign the US$7.6 billion transnational gas pipeline by July 31 this year.

NEW DELHI: India is strongly opposed to the inclusion of the Chinese currency renminbi among the International Monetary Fund’s basket of currencies that make up the SDRs. India has already conveyed it to its partners in BRICS group like China, Russia, Brazil and South Africa.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) has stepped up assistance for projects and programs that support environmentally sustainable development in member countries, says a new report.

HA NOI - Asia could become a prosperous region by the middle of this century but its rise is by no means preordained, says a new report commissioned by the Asian Development Bank (ADB).

HA NOI - By the middle of this century, an additional 3 billion Asians could enjoy higher living standards, but only if Asia sustains its present growth momentum and addresses daunting multigenerational challenges and risks, says a new report commissioned by the Asian Development Bank (ADB).

New York: The General Assembly today voted to upgrade the status of the European Union’s (EU) participation at the United Nations 192-member body, and to designate 30 July as International Day of Friendship in an effort to strengthen amity between peoples and cultures.

The authorities’ prompt policy response over 2008–10 helped to cushion the economy from the impact of the global crisis and supported an economic recovery in 2010, says Executive Board of the International Monetary Fund (IMF). The fiscal stimulus packages combined with monetary easing and various measures aimed at preserving private sector jobs contributed to the rekindling of growth to 4 percent in 2010. The policy measures included in the 2011 budget reflect the authorities’ intent to diversify exports, restructure and deleverage enterprises, accelerate public infrastructure investments, and improve the regulatory environment.

New York: The United Nations humanitarian arm is voicing concern about the situation in Colombia, where a new rainy season is wreaking havoc at a time when many areas have not yet recovered from last season’s devastating floods.

New York: The head of the United Nations Food and Agriculture Organization (FAO) today called for boosting trade ties among Central Asian nations, saying they could have a particularly beneficial effect on food security for countries in the region.