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MANILA, PHILIPPINES - The Asian Development Bank (ADB) is extending a $300 million loan for road improvements that will lead to new economic opportunities and improve access to essential services in Madhya Pradesh, one of India's poorest states.

West Bengal elections are going to be record breaking if the Trinamool Congress-Congress combine wins the April Assembly elections, which is what the poll pundits predict. The left parties would like to have a hung Assembly, as it would be a face saving for the comrades while the TMC-Congress combine is already behaving as if the state is in its pocket.

Tunis - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, 9 March 2011 in Tunis, a USD 6-million untied grant with the Federative Republic of Brazil, to promote South-South Cooperation between African countries. The Fund will be managed by the Bank’s Partnerships and Cooperation Unit.

New York: An Iranian demographer who focuses on development and reproductive health and an African research institution which provides training in the field of sexual health and gender issues today won this year’s United Nations Population Award.

New York: Representatives of the parties to the Western Sahara dispute, Morocco and the Frente Polisario, today wrapped up another round of talks, during which both sides continued to reject each other’s proposal as a sole basis for future negotiations, United Nations envoy Christopher Ross said.

New York: UN Secretary-General Ban Ki-moon is seeking a 3 per cent cut in the next United Nations budget below the current two-year figure of $5.16 billion, in line with the sluggish global economy as the world struggles to emerge from the worst recession since the Great Depression of the 1930s.

An International Monetary Fund (IMF) mission led by Mr. Tarhan Feyzioglu visited Port Vila from March 2 to 10 to conduct the 2011 Article IV Consultations. The mission met with the Vanuatu authorities, private sector, and foreign aid providers to discuss macroeconomic developments and policies.

Executive Directors of the International Monetary Fund (IMF) commended the authorities for the progress made under the Fund-supported program that expired in March 2010. Under this program, Belarus avoided loss of output during the global recession, contained inflation, and increased gross reserves. Against this background, Directors regretted the recent relaxation of macroeconomic policies which has boosted domestic demand and has contributed to an unsustainable current account deficit. To restore external sustainability, they stressed the urgent need for policy adjustments and far-reaching structural reforms.

New York: The United Nations fund tasked with combating rural poverty has extended a $90 million loan to Tanzania to strengthen access to rural financial services and markets, and promote private sector development in the East African country, the agency announced today.

New York: Six high-ranking Kenyan officials, including a deputy prime minister, two ministers and a police chief, have been summoned to appear before the International Criminal Court (ICC) in connection with possible crimes against humanity committed in post-electoral violence three years ago.