View Articles

New York: The global youth unemployment rate is at a record high and is expected to climb even higher as the year progresses, the United Nations International Labour Organization (ILO) has announced.

An IMF mission held policy discussions with the Honduran authorities during August 2-10, 2010, and made significant progress in reaching understandings on a macroeconomic framework and associated policies that could be supported by a financial arrangement with the IMF. The main goals of the Government's program are to restore macroeconomic stability, reestablish investor confidence, and improve the external position. The program is anchored on the authorities' effort to maintain control over the public finances and the fiscal deficit, and also contains a set of monetary, external, and financial sector policies.

New York: The United Nations World Food Programme (WFP) has begun a major round of feeding for 670,000 children under the age of two and their families in drought-stricken Niger, where as many as eight million people need assistance.

New York: The Indian Ocean archipelago of Seychelles has become the latest country to ratify the pact establishing the International Criminal Court (ICC), which is tasked with trying people accused of genocide, crimes against humanity and war crimes.

SOFIA ― World Bank Group President Robert B. Zoellick and Prime Minister of the Republic of Bulgaria Boyko Borissov signed a Memorandum of Understanding (MOU) to step up cooperation in the development of Bulgaria's infrastructure, including accelerating maintenance and investment in roads and railways. The signing ceremony was attended by EC Commissioner Kristalina Georgieva.

US economy, the world's largest, is failing to sustain a firm recovery in 2010 igniting fears of a double-dip recession, given weak growth, persisting unemployment at 9.5 per cent, and lacklustre consumer spending. A strong job-creating revival is not on the horizon nor the woes of the housing market, which triggered the financial meltdown in 2008 with disastrous spill-overs globally, have diminished.

The state of the nation, besieged by problems of continuing inequity and uneven development, and challenged by new threats to internal security, makes for little cheer as India crosses its 63rd independence day. August 15 has been an occasion for self-introspection and reaffirmation of our fundamental goals, reinforcing commitments to achieving our socio-economic objectives. But every year, the record of performance remains dismal showing up the breach between promise and performance.

JAKARTA, INDONESIA - Indonesia needs to tackle its infrastructure, governance, and education deficiencies in order to propel the economy into a higher, more inclusive, and sustainable growth path, a new Asian Development Bank (ADB), International Labour Organization (ILO), and Islamic Development Bank (IDB) report said.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) is extending a $150 million multitranche financing facility to help India's National Capital Region (NCR) accelerate plans to build urban infrastructure.

New York: An estimated 1.68 million Zimbabweans still require agricultural assistance and food aid despite an improvement in the country's food production thanks to Government efforts and a $70 million international assistance programme for farmers in the Southern African nation, United Nations agencies have said.