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An International Monetary Fund (IMF) staff mission led by Mr. Mbuyamu Matungulu visited the Union of the Comoros from March 19-April 2, 2011 to conduct discussions for the third review of performance under the country’s economic program supported by the Extended Credit Facility (ECF)

Mirroring developments in core-Europe, Luxembourg experienced stronger-than-expected growth in 2010, says International Monetary Fund (IMF) in its latest assessment. Economic activity was initially underpinned by investment and restocking, but exports have increased markedly since the second quarter, notably financial services and metal products. Private consumption has also begun to gradually recover despite moderate increases in consumer lending spreads. Employment growth has been gaining pace but, despite enhanced employment support programs, the unemployment rate has not eased and remains at about 6 percent. Weak wage growth has tempered core inflation even though headline inflation has been boosted by global commodity price developments and administered price increases.

New York: With a major United Nations conference on the world’s poorest nations just weeks away, Member States today began another round of negotiations aimed at achieving a new action plan to advance the economic and social development of these vulnerable countries.

An International Monetary Fund (IMF) mission visited Kampala during March 16-31, 2011 to conduct discussions for the second review under the Policy Support Instrument (PSI). The mission met with Finance Minister Bbumba, Bank of Uganda Governor Tumusiime-Mutebile, and other senior officials, as well as representatives of parliament, the private sector, civil society, and development partners.

New York: The head of the United Nations atomic watchdog agency today called for robust safety standards and full transparency, both of which are vital for restoring public confidence in nuclear power in the wake of the Japanese power plant crisis.

A mission from the International Monetary Fund (IMF) led by Mr. Christian Josz visited Bamako from March 21 to April 1, 2011 to conduct the sixth review of the three-year arrangement under the Extended Credit Facility (ECF). The mission met with Sanoussi Touré, Minister of Economy and Finance; Lassine Bouaré, Minister of Budget; Oumar Ly, National Director, Central Bank of West African States; and representatives of the National Assembly, and of Mali’s technical and financial partners.

New York: The Democratic Republic of the Congo (DRC) today added the vaccine against pneumonia to its national immunisation programme in a United Nations-backed initiative to drastically improve the chances of survival for children under the age of five.

The Executive Board of the International Monetary Fund (IMF) today completed the sixth review of Sri Lanka's economic performance under a program supported by a Stand-By Arrangement (SBA). The completion of the review enables the immediate disbursement of an amount equivalent to SDR 137.8 million (about US$ 218.3 million), bringing total disbursements under the arrangement to an amount equivalent to SDR 1.10 billion (about US$ 1.75 billion ).

A mission of the International Monetary Fund (IMF) led by Vitaliy Kramarenko visited Zimbabwe during March 16–30, 2011 to conduct the 2011 Article IV consultation discussions. The mission met with Prime Minister Tsvangirai, Minister of Finance Biti, Minister of Youth, Indigenization and Empowerment Kasukuwere, Minister of Economic Development Mashakada, Minister of Public Service Mukonoweshuro, Reserve Bank of Zimbabwe (RBZ) Governor Gono, and other senior government officials, as well as representatives of the diplomatic and business communities, and civil society organizations and labor unions.

New York: The President of the General Assembly held talks today with British officials in London on issues such as United Nations reform and the anti-poverty targets known as the Millennium Development Goals (MDGs), as well as recent developments in several global hotspots.