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BANGLADESH COULD BE REGIONAL HUB FOR SCIENTIFIC, TECHNOLOGICAL MEASUREMENT

Special Correspondent - 2010-06-09 10:38
New York: The head of a United Nations agency created to promote industrial development has said that Bangladesh has the potential to become a hub for scientific and technological measurement in South Asia, assisting in the country's poverty reduction strategy and moving it closer to reaching the anti-poverty targets known as the Millennium Development Goals (MDGs).

IMF approves US$ 117.8 million to Antigua and Barbuda

Special Correspondent - 2010-06-09 10:34
The Executive Board of the International Monetary Fund (IMF) has approved a three-year Stand-By Arrangement (SBA) for an amount equivalent to SDR 81 million (about US$ 117.8 million) with Antigua and Barbuda. The arrangement will support the authorities' efforts to restore fiscal and debt sustainability and set the stage for a sustained recovery.

Lebanon: GDP growth could exceed 8 percent this year

Special Correspondent - 2010-06-09 10:23
An International Monetary Fund (IMF) mission visited Beirut from May 27 to June 8, to conduct the annual discussions for the Article IV consultation. The mission met with the Minister of Finance, Ms. Raya Haffar El Hassan, the Governor of the Banque du Liban (BdL), Mr. Riad Salameh, a number of other members of cabinet and officials of the administration, the President of the Finance Commission of Parliament, and representatives of the private sector and the academia.

Kazakhstan: Pattern of growth is uneven and financial conditions remain fragile

Special Correspondent - 2010-06-09 10:16
Global economic activity has begun to recover, but the pattern of growth is uneven and financial conditions remain fragile. This statement reflects the views of an International Monetary Fund (IMF) mission, led by Ana Lucía Coronel, that visited Astana and Almaty during May 26-June 8, 2010 to conduct discussions for the 2010 Article IV consultation.

Informality in Latin America Creates Social Security Paradox

Special Correspondent - 2010-06-09 10:07
Rio de Janeiro, Brazil — As the economic recovery gathers pace, Latin American and Caribbean countries face major challenges to expand social security, a new World Bank report says.

Egypt: World Bank Supports Giza North Power Project

Special Correspondent - 2010-06-09 10:03
WASHINGTON - The World Bank's Board of Executive Directors have approved a loan in the amount of $ 600 million for Egypt to support Giza North Power Project.

Vietnam : A sustained recovery but still fragile macroeconomic conditions

Special Correspondent - 2010-06-09 09:50
In an Informal Mid-year Consultative Group Meeting, the International Monetary Fund (IMF) representative has said that reemerging macroeconomic imbalances might pose a risk to Vietnam's economic recovery. He said that the steps the Government took to shift policy from growth stimulus to stability have been successful in restoring more stable economic conditions.

St. Lucia and Grenada: World bank approves US$20 Million for Policy Reforms

Special Correspondent - 2010-06-09 09:37
As part of the new Regional Partnership Strategy, the Board of Directors have approved a total of US$20 million in loans and credits for St. Lucia and Grenada to support economic and social development policy reforms aimed at mitigating the adverse impact of the global crisis.