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IMF Arrangement with the Dominican Republic for immediate disbursement of US$119.9 million

Special Correspondent - 2010-04-10 09:39
The Executive Board of the International Monetary Fund (IMF) has completed the first review of the Dominican Republic's economic performance under a program supported by a 28-month Stand-By Arrangement (SBA). The completion of the review enabled the immediate disbursement of an amount equivalent to SDR 79.27 million (about US$119.9 million), bringing total disbursements under the arrangement to an amount equivalent to SDR 279.27 million (about US$422.3 million).
TRADE POLICY REVIEW: ARMENIA

Continued reform and diversification of the economy are key to economic growth

Special Correspondent - 2010-04-10 09:31
Armenia's accession to the WTO in 2003 consolidated a process of trade liberalization and institutional reforms that started soon after independence from the Soviet Union in 1991. This process has continued since accession and Armenia has now a liberal trade and investment regime, according to a WTO Secretariat report on the trade policies and practices of Armenia.

SUCCESSION BATTLE BRINGS UNCERTAINTY IN TAMIL NADU POLITY

KARUNANIDHI CLUELESS ON COMPROMISE FORMULA
Kalyani Shankar - 2010-04-10 09:27
Tamil Nadu Chief Minister Muthuvel Karunanidhi, himself a celebrated film script writer, would never have dreamt of the real life drama in his life today. The DMK patriarch is a harassed man facing family disputes with his two sons quarrelling for his legacy.
India: Politics

BSP AND CONGRESS HEADING FOR CONFRONTATION

SHOW OF STRENGTH ON AMBEDKAR JAYANTI
Pradeep Kapoor - 2010-04-10 09:24
LUCKNOW: Bahujan Samaj Party and Congress are heading for show of strength and confrontation over Ambedkar Jayanti on April 14.

Serbian economy weathered the global financial crisis relatively well

Special Correspondent - 2010-04-10 09:20
Executive Directors of the International Monetary Fund (IMF) has noted that the Serbian economy has weathered the global financial crisis relatively well. The decline in output has been contained, while falling domestic demand has resulted in significant external adjustment. Going forward, Directors agreed that policies should shift the economy toward more sustainable growth, with resolute reduction of external and fiscal imbalances. Against this background, they welcomed the authorities' focus on strengthened structural and fiscal policies aimed at raising productivity, exports, and saving.

SUDANESE ELECTIONS MUST BE FREE, FAIR AND CREDIBLE - UN CHIEF

Special Correspondent - 2010-04-10 09:14
New York: Secretary-General Ban Ki-moon has called on all parties in Sudan to ensure that next week's national elections are free, fair and credible, while voicing concerns about security and logistics for the polls - the first of their kind in 24 years.

New project to improve macroeconomic statistics in 23 African countries

Special Correspondent - 2010-04-10 09:10
The International Monetary Fund (IMF) and the United Kingdom's Department for International Development (DFID) have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project.

India: New Labour Strategy Of The Ruling Elite

NEGLECT ORGANISED LABOUR, FEIGN CONCERN FOR UNORGANISED, TALK ABOUT DEBATE ON REFORMS BUT ACT DICTATORIALLY
Narendra Sharma - 2010-04-10 09:04
NEW DELHI: The brain trust of the Union Finance Ministry seems quite sure that the time has come for the Government to initiate a public debate on the need for labour law reforms and break the resistance to the same from inside and outside the organised labour.

INDIA: OF CENTRAL MINISTERS AND PROTOCOL

IS MAMATA VIOLATING CONSTITUTION?
Ashis Biswas - 2010-04-10 08:59
KOLKATA: Ever impulsive, Union Railway Minister Mamata Banerjee has a penchant for making more history than she seems to have read. Except her diehard fans and the loyal MPs she leads (sorry, not Kabir Suman!), few approve of her mulish boycott of all West Bengal government official functions and programmes.

World Bank's Review wants East Asia And Pacific Economies to Resume Reforms

Special Correspondent - 2010-04-07 09:00
Tokyo - The developing countries of the East Asia & Pacific region - the first to recover from the global economic crisis - can grow rapidly in the next decade even in a weakened world, but only if they implement structural reforms with renewed vigor and cooperate further on regional economic integration and climate change.