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COIMBATORE: The textile industry in India has been able to come out of the recessionary trend since last year and has now stabilized and there are indications that this sector would have positive growth this year, says textile expert.

WASHINGTON — The World Bank has approved a US$100 million credit for Kenya to improve the delivery of essential health services to its people, especially the poor.

WASHINGTON - The World Bank Board of Executive Directors have approved an International Development Association grant equivalent to US$255 million to promote good governance and consolidate macroeconomic stability and economic growth in the Democratic Republic of Congo (DRC) through the rehabilitation of key transport infrastructure which, in turn, will help improve the provision of social services and reduce vulnerability of the poor.

WASHINGTON ― The World Bank Group has approved an additional US$70 million for the Electricity Company of Ghana (ECG) under the Ghana Energy Development and Access Project (GEDAP).

WASHINGTON - The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have decided to support US$4.6 billion of debt relief for Liberia, of which US$1.5 billion is to be delivered by multilateral creditors and the remainder by bilateral and commercial creditors. This was made possible in part by the exceptional efforts of members of the international community to finance debt relief for Liberia.

WASHINGTON - The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have determined that the Union of the Comoros has taken the necessary steps to reach its decision point under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative The decisions by the Executive Boards of the two institutions mark a step towards Comoros receiving US$144.8 million in net present value (NPV) terms in debt relief. The IDA Executive Board also approved interim assistance to cover part of Comoros' debt service to the institution.

Islamabad, Pakistan — Provincial and municipal level reforms in Pakistan are complementing nationwide reforms, finds Doing Business in Pakistan 2010, a joint IFC-World Bank report.

WASHINGTON — The World Bank has approved a $40 million grant to the Government of Afghanistan today to support the Third National Solidarity Program (NSP III). NSP III builds upon the achievements of the first two phases of the NSP, widely recognized as one the most successful development programs in Afghanistan.

WASHINGTON, DC ─ The World Bank has approved $430 million to finance the Mumbai Urban Transport Project 2A to further improve the suburban railway system in the Mumbai Metropolitan Region - one of the world's largest urban center with a population of 18 million in 2001. The Bank's Board also approved $350 million to finance the Dam Rehabilitation and Improvement Project which aims to improve the safety and sustainable performance of over 220 selected dams in India.

New Delhi: Indian rural scene still presents a picture that is well-stricken in poverty and all sorts of sufferings the origin of which lies nowhere else but in very low level of governance which tends to no governance at all. Human predicaments in the rural areas are perceivable in totality for those who have eyes to perceive. But then it is so ugly that very few people dare to see it without a veil. There are many people who see the villagers differently - for example, politicians see the villages as vote banks spread all over; wealth seekers see as the repository of overground and underground wealth for exploitation; a kind of breed that in interested in minting money in the name of their plight; a lately a new kind of people are on the increase who romanticize the rural areas for their so called beauties to attract people into the area in the name of tourism - and even sex-tourism, threatening now the very culture and ecosystems of the area. Not to mention here the extremist problem, that the villagers are suffering on account of being their areas turned into haven of extremists and a battlefield in which they are trapped in the crossfire of extremists and security forces.