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Executive Directors of the International Monetary Fund (IMF) have commended Austrian authorities for policies that have supported a swift recovery and laid the foundations for a sustained expansion. Nonetheless, in view of the still fragile global outlook and heightened vulnerabilities in the euro area, Directors agreed that important challenges remain. Reducing the debt burden, bolstering financial stability, and enacting structural reforms to boost long-term growth should top the policy agenda for the period ahead.

New Delhi: The multilateral trading system of the future will have to address a number of global challenges, including “the blurring of the edges between trade policy and others such as exchange rate policies, climate change policies, food security policies or energy policies”. However, the more pressing challenge is to advance the Doha Round “to find the political courage and the pragmatic steps which will lead our Members to have an honest negotiation”, said Pascal Lamy, Director-General of WTO, today in his speech to CUTS (Consumer Unity & Trust Society) here.

An International Monetary Fund (IMF) mission led by Mr. Robert York visited Kinshasa August 24-September 3, 2011 to assess progress and discuss policies with the authorities in the context of the fourth review of the Extended Credit Facility (ECF) arrangement.

New York: Economic recovery in developed economies may grind to a halt because of weak domestic demand and the replacement of stimulus packages with fiscal austerity measures as governments try to regain the confidence of the financial markets, according to a United Nations report unveiled today.

New York: Greek Cypriot and Turkish Cypriot leaders today held the first of two meetings this week devoted to property issues, among the thorniest in the ongoing United Nations-sponsored talks to reunify the Mediterranean island that has been split for almost 50 years.

New York: The new Libyan authorities have requested United Nations support for several post-conflict tasks, including elections, transitional justice and national reconciliation, according to a senior UN official who is in Tripoli to begin laying the groundwork for the world body’s operations.

New York: The United Nations and local partners in Nepal today called for immediate steps to better the lives of over 100,000 bonded labourers and family members, who have seen scant improvement in their often deplorable conditions since the Government abolished the system in 2008.

New York: Children are bearing the brunt of the Horn of Africa crisis and constitute the majority of all Somali refugees in neighbouring Ethiopia, the United Nations reported today.

New York: The United Nations tribunal set up to prosecute the most serious offences committed during the Balkan conflicts of the 1990s today convicted Momcilo Perišic for crimes against humanity and war crimes and sentenced the former chief of staff of the Yugoslav Army to 27 years in prison.

New Delhi: A United Nations report for the first time took a dig at the faulty measures adopted and being adopted so far to bail out the world economy from the financial crisis which engulfed it since August-September 2008.