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Dubai, UAE - A new regional report on HIV/AIDS in the Middle East and North Africa: “Time for Strategic Action”, produced by the World Bank in collaboration with UNAIDS and WHO, brings together, for the first time, a comprehensive collection of evidence on HIV epidemic in the MENA region.

WASHINGTON - The World Bank's Board of Executive Directors has approved four credits totaling US$456.5 million in support of Vietnam's development efforts. This brings the total of World Bank lending to Vietnam this fiscal year (see below *1) to US$2.13 billion, a record figure.

WASHINGTON - The World Bank Board of Executive Directors has approved a financing credit to the Republic of Moldova in the amount of US$ 25 million for an Economic Recovery Development Policy Operation. The main objective of this credit is to adequately fund priority expenditures for economic recovery and social protection during fiscal correction, and lay the foundations for a sustained post-crisis recovery in Moldova through exports and private investment.

WASHINGTON, D.C. — At meetings of the multilateral Climate Investment Funds (CIF) governing bodies here last week, three groups of low income and developing countries received support to engage in climate action which will transform their approach to development and poverty reduction. The three groups were selected under the target programs of the CIF Strategic Climate Fund (SCF).

Washington - The World Bank Board of Executive Directors has approved a proposal to provide $55 million in funding for projects in the West Bank and Gaza (WBG) to support Palestinian economic recovery and development.

WASHINGTON ― The World Bank Group has approved an additional amount of US$70 million for the Electricity Company of Ghana (ECG) under the Ghana Energy Development and Access Project (GEDAP).

WASHINGTON - The World Bank Board of Executive Directors has approved an International Development Association (IDA) grant of US$20 million equivalent for Chad to support the implementation of the Government of Chad's Second Population and HIV/AIDS Project for the period 2010-2012. The project seeks to encourage the Chadian population to adopt behaviors which will reduce the risk of HIV infection and too closely spaced and/or unintended pregnancies. The project would thus contribute to progress towards Millennium Development Goals (MDGs) 4, 5, and 6.

WASHINGTON -The World Bank Board has approved financing in the amount of US$44.7 million from the International Development Association (IDA) to the Government of Ghana as additional funding for the ongoing eGhana Project. The original eGhana Project of US$40 million was approved in 2006 to support the Ghana Information Communication Technology (ICT) for Accelerated Development Program.

Washington — The Group of 20 should strive to promote long-term, broad-based growth, since this represents the most effective means to help lift tens of millions of people in the developing world out of poverty. Moreover, faster growth in developing countries could kick off a virtual cycle towards more diversified, sustainable and less volatile global demand, the World Bank said.

The Executive Board of the International Monetary Fund (IMF) has completed the fourth review of Serbia's economic performance under a program supported by a Stand-By Arrangement (SBA). The completion of the review enables the immediate disbursement of SDR 319.595 million (about €383.2million, or US$472.9million). Drawing the full amount would bring total disbursements under the program to SDR 1.50 billion (about €1.80 billion, or US$2.22 billion).