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Caribbean countries facing negative cycles of high debt and low growth, IMF suggests pushing forward 'the reforms'

System Administrator - 2010-07-06 09:08
Dominique Strauss-Kahn, the Managing Director of the International Monetary Fund (IMF), gathered with Caribbean leaders in Montego Bay, Jamaica, for the 31st Regular Meeting of the Caribbean Community (CARICOM). “Caribbean countries have an opportunity to put an end to the negative cycles of high debt and low growth that have been affecting their economies, and set forth towards a path of long-term, sustainable growth”, Mr. Strauss-Kahn said.

Foreign tourist arrivals in India declined by 3.3% in 2009

Special Correspondent - 2010-07-05 09:20
New Delhi: Ministry of Tourism (MOT) has now prepared the provisional Country-wise distribution of Foreign Tourist Arrivals (FTAs) for 2009. Though the overall FTAs declined by 3.3% in 2009 over 2008, FTAs from some regions of world observed positive growth; Africa (17%), Central and South America (9.6%) and South East Asia (4.7%).

Exploring new opportunities to boost investment in Asia and the Pacific's agriculture sector

Special Correspondent - 2010-07-05 07:58
MANILA, PHILIPPINES - Hundreds of policymakers, development experts and representatives from the public and private sectors will meet in the Philippines this week to explore new opportunities to boost investment in Asia and the Pacific's agriculture sector.

SMALL-SCALE FARMERS IN MALAWI LATEST BENEFICIARIES UNDER UN LOCAL PURCHASE SCHEME

Special Correspondent - 2010-07-03 08:42
New York: Malawi has become the latest country to join an innovative scheme by which the United Nations World Food Programme (WFP) buys surplus from local farmers' organizations for its aid operations, thereby helping to boost agricultural production and incomes in developing nations.

IMF Approves US$20.43 Billion Arrangement for Poland Under the Flexible Credit Line

Special Correspondent - 2010-07-03 08:36
The Executive Board of the International Monetary Fund (IMF) has approved a one-year successor arrangement for Poland under the Flexible Credit Line (FCL) ) in the amount equivalent to SDR 13.69 billion (about US$20.43 billion; 1,000 percent of quota). The Polish authorities intend to treat the arrangement as precautionary and do not intend to draw from the FCL.

OECD considering starting a new project on the Transfer Pricing Aspects of Intangibles, comments invited

Special Correspondent - 2010-07-03 08:33
The OECD's Committee on Fiscal Affairs is now completing its work on two transfer pricing projects which the OECD Council will be asked to approve by the end of July in the form of revisions to the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (TPG): its review of Comparability and Profit Methods and its report on the Transfer Pricing Aspects of Business Restructuring.

TRAINING UPGRADES PORTS IN POST-TSUNAMI SUMATRA, LEADS TO NEW DEGREE PROGRAMME

Special Correspondent - 2010-07-03 08:29
New York: A United Nations provider of emergency logistics support has upgraded port facilities and implemented training that will form the basis of a new university degree as part of its long-term commitment to the tsunami-ravaged region of Indonesia's northern Sumatra region.

High-profile British model Naomi Campbell ordered to give evidence

Special Correspondent - 2010-07-03 08:24
New York: Judges at the United Nations-backed war crimes court in Sierra Leone has ordered the high-profile British model Naomi Campbell to give evidence later this month about a blood diamond in the ongoing trial of the notorious former Liberian president Charles Taylor.

INVESTING IN RENEWABLE ENERGY COULD PROPEL KAZAKHSTAN'S DEVELOPMENT

Special Correspondent - 2010-07-03 08:18
New York: The head of the United Nations agency that promotes industrial development to help countries eradicate poverty has urged Kazakhstan to invest in renewable energy to raise efficiency, boost energy security and tackle climate change.

35 YEARS OF KEY ACCORD ON WILDLIFE TRADE REGULATION

Special Correspondent - 2010-07-03 08:14
New York: Proper regulation of wildlife trade is needed to ensure the continued survival of animals and plants in the wild, the United Nations Environmental Programme (UNEP) urged as it marked the 35th anniversary of a key international agreement.