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New York: The United Nations Food and Agriculture Organization (FAO) has said that its credit-based farming project in Niger has been so successful that the agency plans to scale it up and expand into Burkina Faso, Mali and Senegal, which are also suffering food shortages.

The Executive Board of the International Monetary Fund (IMF) today approved a ten-fold expansion of the Fund's New Arrangements to Borrow (NAB) and the transformation of the Fund's premier standing credit arrangement into a more flexible and effective tool of crisis management. The NAB will be increased by SDR 333.5 billion (about US$500 billion) to SDR 367.5 billion (about US$550 billion), representing a major increase in the resources available for the Fund's lending to its members.

New York: A funding gap will keep food and medicine away from millions of needy people in Pakistan, a top United Nations aid worker said as he called for stepped-up support from the international community.

New York: Participants at the United Nations climate change talks in Bonn have agreed to intensify their negotiating schedule in hopes of reaching a strong outcome in Mexico later this year after world leaders were unable to agree on a binding treaty in Copenhagen last December.

WTO Director-General Pascal Lamy debunked some economic myths when he spoke to the Paris School of Economics on 12 April 2010. He covered the theory underpinning trade economics, what trade statistics show, how trade deficits should be tackled, the impact of trade on jobs, the “race to the bottom”, and why liberalization needs regulation.

New York: Tens of thousands of Indian women and their families will have access to quality maternal and child health-care services thanks to a partnership announced by the United Nations Development Programme (UNDP) and a chain of small hospitals in India for low-income clients.

MANILA, Philippines - The Asian Development Bank (ADB) has revised its loan charges on new LIBOR-based loans and local currency loans to sovereign borrowers or borrowers with sovereign guarantees negotiated, on, or after, 1 July 2010.

MANILA, PHILIPPINES - Isolated nomadic herder families in Mongolia who are struggling to survive amidst an unfolding natural disaster are to receive support from the Asian Development Bank's (ADB) Asia Pacific Disaster Response Fund.

Who after Parkash Singh Badal? Is the ruling Akali leadership's confrontationist attitude towards the Congress-led UPA government and Punjab Congress leaders undergoing a change? One need not scratch one's head to answer the first question. Sukhbir Singh Badal is destined to inherit his father Parkash Singh's political legacy. The second question is still in the realm of speculation though some recent developments indicate the possibility of a change in Akali leadership's attitude.

NEW DELHI: Indian Government expects concrete discussions at the coming BRIC Summit in Brasilia on April 16 which will be the second one following the first summit held in the Russian city of Yekaterinburg in June 2009. This BRIC group Brazil, Russia, India and China have yet to achieve the process of consolidation taking advantage of their economic strength in the post global financial crisis period and the second Summit will offer the opportunity to take a close look at the global economy after the crisis and how these four countries can play more meaningful role by pooling their huge resources in bringing back the global economy into growth path.