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An International Monetary Fund (IMF) team, led by Mr. Christian Beddies, visited Bishkek September 7-21, 2011 to hold discussions for the first review under a three-year, SDR 66.6 million (about US$106 million) Extended Credit Facility arrangement with the Kyrgyz Republic.

New Delhi: India would soon upgrade its military capabilities in its northeastern border with the induction of an advanced variant of the 290-km range supersonic cruise missile for self-defense. The techniques of mountain warfare is also to be upgraded.

WTO economists announced today that they are revising their 2011 trade forecast to 5.8%, down from their earlier conservative estimate of 6.5%, since trade has grown more slowly than expected in recent months and the outlook for the global economy is increasingly uncertain.

LUCKNOW: Talks are on between senior leaders of Congress and Rashtriya Lok Dal (RLD) for alliance in western Uttar Pradesh.

Bad news for the government and the entire economy! The country’s central bank does not seem to be in control of the money supply with the public (M3). And, therefore, its monetary measures, including successive rate hikes, failed to control inflation. Despite rate hikes, bank credit this year grew by over 20 per cent.

New York: The global economic crisis continues and may still engulf the world, Australia’s Foreign Minister warned the General Assembly today, urging countries to take immediate and concerted action to spur sustainable growth and avoid a depression.

New York: The general conference of the United Nations atomic energy agency today unanimously endorsed an action plan on nuclear safety that is intended to enhance transparency in the ongoing global effort to set effective safety standards.

Development aid has increased from USD 37 billion in 1960 to 128 billion last year. However, poor co-ordination and unpredictable aid waste funds that should be eradicating poverty in the world’s poorest countries.

New York: The Pacific island nation of Palau announced plans today to seek an advisory opinion from a United Nations court on whether countries have a legal responsibility to ensure that any activities on their territory that emit greenhouse gases do not harm other States.

New York: Iran’s President today called for a new global order, telling the General Assembly that “slave masters and colonial powers” dominate international affairs, oppressing other nations and causing misery and disorder to peoples around the world.