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New York: More than 80 nations have reaffirmed their commitment to the Rome Statue, which led to the founding of the International Criminal Court (ICC), emphasizing the crucial role of justice in achieving sustainable peace.

Executive Directors of the International Monetary Fund (IMF) have commended the Bulgarian authorities for maintaining prudent macroeconomic policies, which had helped steer the economy through the global financial crisis. Directors noted that while the economy is poised to recover this year after a sharp contraction, large private external debt and the potential spillover from regional uncertainties pose considerable downside risks. Capital inflows are likely to remain low and domestic demand is expected to decline further, requiring substantial adjustments by both the private and public sectors. Wage moderation, alongside structural reforms to increase productivity, will help facilitate a reorientation of the economy toward the tradable sector, while containing the growth of public spending is a necessary response to the end of the revenue boom.

The Executive Board of the International Monetary Fund (IMF) today approved an 18-month SDR 12.48 million (about US$18.3 million) arrangement under the Standby Credit Facility for the Solomon Islands in support of the authorities' economic reform program. An amount equivalent to SDR 3.12 million (about US$4.6 million) is immediately available to the Solomon Islands.

New York: Human trafficking, “one of the most appalling forms of human rights violations,” remains one of the world's fastest growing criminal activities in the world, an independent United Nations expert has said.

New York: The head of the United Nations labour agency has called for the formulation of policies that would help the world sustain a “jobs-rich” economic recovery, warning that financial turbulence triggered by the debt problem in some European countries poses a new threat to the global economy.

New York: The Security Council and General Assembly will hold elections on 9 September to fill a vacancy on the United Nations International Court of Justice (ICJ) arising from the resignation of Judge Thomas Buergenthal.

New York: The number of new cancer cases and deaths will double in the next two decades, cancer researchers at the United Nations World Health Organization (WHO) have announced.

New York, Jun 2 2010 1:10PM
Strongly condemning Israel's actions against the humanitarian flotilla bound for the Gaza Strip, the United Nations Human Rights Council voted to dispatch an independent, international probe into violations of international law resulting from Monday's incident.

New York: The United Nations Central Emergency Response Fund (CERF) is giving $646,000 to immunize hundreds of thousands of children in Lesotho, the Southern African country which since January has been grappling with a deadly outbreak of the disease.

New York: How the world contends with the agriculture and energy sectors will serve as a bellwether for development in the 21st century, largely determining whether growth will be sustainable for billions of people, according to a new United Nations-backed report.