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Executive Directors of the International Monetary Fund (IMF) have observed that, after years of macroeconomic stability, Nepal's economy is experiencing a substantial, albeit somewhat delayed, impact of the global crisis, which is exposing the country's structural weaknesses. External and financial sector risks have risen as evidenced by the significant deterioration of the current account, the reserve decline, wavering confidence, and banking sector liquidity stress.

The French economy weathered the “great recession” better than most peers. Yet, in a turbulent European environment, France's recovery is challenged by possible spillovers from the sovereign debt crisis. Market confidence and ultimately growth will benefit from decisive actions to strengthen domestic policy frameworks and implementation at the national level, while France should remain a driving force for Europe-wide reforms.

New Delhi: New areas of India-China cooperation have emerged in food grain storage sector following the recent visit of an official delegation led by Prof KV Thomas, Minister of State for Agriculture, Consumer Affairs, Food & Public Distribution to China from 7th to 11th June, 2010. Briefing media persons here today, Prof. Thomas said that a team of technical experts and construction engineers from FCI and CWC and some State Agencies will visit China to further study the modern storage construction and preservation methods used for foodgrain storage.

New Delhi: The National Knowledge Commission (NKC) has recommended setting up a Central Library Fund from the Government for upgrading existing libraries over a period of three to five years. This central funding may be matched by the private sector, through corporate philanthropy.

New Delhi: Government has decided to include sericulture and allied activities in Rashtriya Krishi Vikas Yojana (RKVY) to be eligible for funding under RKVY. It will cover sericulture up to the stage of cocoon production along with extension system for cocoon production and silk yarn production in agri-enterprise up to the marketing.

New Delhi: Indian defence procurement would rise to an estimated USD 42 Billion (including USD 19.20 bn for capital acquisition) which could make India as one of the most attractive markets in the World.

MANILA, PHILIPPINES - The global economic crisis highlights the urgent need for stronger social protection programs in Asia and the Pacific, and policy makers must use the current rebound as an opportunity to make the region's future growth more inclusive, according to a book launched here Thursday.

Is there any difference between the Bhopal gas leak of 1984 and the British Petroleum oil spill in the Gulf of Mexico in 2010? The most glaring difference is the way the two are being handled and the double standard adopted by the western world.

The Boards of Directors of the African Development Bank Group approved, on Wednesday 16 June, 2010, a revised version of the Operating Rules and Procedures of its Independent Review Mechanism (IRM) which has been operational since 2006.

The Executive Board of the International Monetary Fund (IMF) today approved a new three-year arrangement under the Extended Credit Facility (ECF) for a total amount equivalent to SDR 46.154 million (about US$67.7 million) for Burkina Faso. The approval will enable the first disbursement of an amount equivalent to SDR7.454 million (about US$10.9 million).