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The Executive Board of the International Monetary Fund (IMF) today completed the second review of Tanzania’s economic performance under the Policy Support Instrument (PSI). The Executive Board also concluded Tanzania’s annual Article IV consultation, which will be covered in a subsequent Public Information Notice.

New York: The United Nations Special Coordinator for Lebanon today reiterated the need for the formation without delay of a functioning government, noting the many issues that remain to be addressed by the authorities.

New York: The United Nations agency tasked with promoting universal access to education today signed an agreement with Nigeria to revitalize adult and youth literacy in a country where an estimated 50 million adults cannot read and write and nearly 9 million children are out of school.

New York: The United Nations body tasked with examining the Organization’s public information policies and promoting a just, effective global information and communications order called on the Department of Public Information (DPI) today to bolster multilingualism, efficiency and local outreach to heighten awareness of critical international issues.

The Executive Board of the International Monetary Fund today approved a successor two-year arrangement for Colombia under the Flexible Credit Line (FCL) in an amount equivalent to SDR 3.87 billion (about US$6.22 billion). The Colombian authorities stated that they intend to treat the arrangement as precautionary and do not intend to draw on the line.

New York: Latin America and the Caribbean remains the most socially unequal region in the world, the head of the United Nations Development Programme (UNDP) said today, highlighting the measures required to tackle the problem in a region which has made significant strides in reducing poverty.

The economic recovery in Kazakhstan is gaining speed and the external position is strengthening, but inflationary pressures have intensified.

THIRUVANANTHAPURAM: The Congress in Kerala found itself politically isolated on the issue of a ban on pesticide endosulfan, which has killed thousands in the state’s Kasargode district and disabled a large number of people for life.

The bitter truth is: the poor elect the government and the rich take the maximum advantage of it. The government – both in the states and at the Centre – is of the rich and for the rich. Generally, three categories of people queue up before an election booth – the poor and the slum dwellers, the politically conscious common man and the political party workers. There is also another category – the celebs – who visits election booths for photo opportunity. The latter’s media managers inform the press in advance before being escorted to polling booths to hog publicity.

HA NOI, VIET NAM- Microinsurance is a key tool to help the world’s poor cope with unexpected setbacks, a panel of experts said today.