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New Delhi: Dr. C.P. Joshi, the Union Minister for Road Transport and Highways has said that we should develop the capacity of making the right choices of environmental friendly technology, confirming synergy between research and product development. Moreover for sustainable development, we have to evolve innovative green alternate materials and environmental friendly technologies without compromising natural and ecological balances. Delivering inaugural address at the International Seminar on “Reducing Carbon Footprint in Road Construction” organized by Indian Road Congress (IRC) and World Roads Association (PIARC) here today, he has said that technologies are changing at a fast pace, so we must be open to new ideas and must be able to learn from our experiences.

The Executive Board of the International Monetary Fund (IMF) today completed the first review of Benin’s economic performance under a three-year Extended Credit Facility (ECF) arrangement. The completion of the review enables the disbursement of SDR 10.61 million (about US$16.5 million), which would bring total disbursements under the program to SDR 21.23 million (about US$33 million).

An International Monetary Fund (IMF) mission for the second review under the Extended Credit Facility/Extended Fund Facility (ECF/EFF) arrangements with Moldova led by Nikolay Gueorguiev visited Chisinau during February 2–16.

New York: The United Nations human rights chief has voiced alarm at the excessive use of force by authorities in Bahrain, including the killing of two peaceful protesters, and urged respect for the right to demonstrate.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) and Government of Japan are to help Sri Lanka step up water and sanitation improvements in poor, post-conflict areas in the north of the country.

Following a request by the Afghanistan authorities, an International Monetary Fund (IMF) team led by Enrique Gelbard visited Kabul during February 5–15 to assess economic conditions and discuss an economic program that could be supported by the IMF’s Extended Credit Facility (ECF).

New Delhi: In response to China's military modernisation programme, India has said that it would carry out a comprehensive review of its defence preparedness and remain vigil at all times.

Executive Directors of the International Monetary Fund (IMF) have welcomed the strong recovery of the Turkish economy during 2010, with output exceeding its pre-crisis level and unemployment moderating significantly. They noted, however, the sharply widening current account deficit, which is linked to weak competitiveness in the context of abundant low-cost external financing.

New York: Amid reports that important artefacts have been stolen from the Egyptian Museum in Cairo and other sites in the country, the head of the United Nations agency tasked with preserving humanity’s cultural heritage today alerted authorities, art dealers and collectors across the world to be on the lookout for the missing relics.

Executive Directors of the International Monetary Fund (IMF) agreed with the thrust of the staff appraisal. They welcomed Libya’s strong macroeconomic performance and the progress on enhancing the role of the private sector and supporting growth in the non-oil economy. The fiscal and external balances remain in substantial surplus and are expected to strengthen further over the medium term, and the outlook for Libya’s economy remains favorable. Directors saw as the main challenges the need to provide employment opportunities for a young and growing labor force, and the steadfast implementation of reforms to diversify the economy and reduce the high dependence on oil revenue.