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Operational income of IMF projected at US$534 million

Special Correspondent - 2010-05-20 09:17
The Executive Board of the International Monetary Fund (IMF) has completed its annual review of the Fund's income position for the financial year ended April 30, 2010 (FY 2010) and set the lending rate for IMF credit for the financial year ending April 30, 2011 (FY 2011).

TAJIKISTAN: APPEALS FOR AID FOR FLOOD VICTIMS

Special Correspondent - 2010-05-20 09:10
New York: The United Nations has called on the international community to support the Tajik Government's appeal for $5.3 million to provide relief and recovery aid to thousands of victims of deadly floods in the south of the impoverished Central Asian country.

EUROPEAN FUNDING TO BOOST FOOD PRODUCTION IN LESOTHO

Special Correspondent - 2010-05-20 09:05
New York: The United Nations food and agriculture agency said it is helping 36,000 farmers in Lesotho boost food production in the southern Africa country where the soaring prices of seeds, fertilizer and tools have greatly reduced producers' capacity to grow food.

ICC delegation travels to Guinea to probe bloody suppression of opposition protests

Special Correspondent - 2010-05-20 08:56
New York: A delegation from the office of the prosecutor of the International Criminal Court (ICC) begins a three-day visit to Guinea to consult with judicial authorities and seek an update on local investigations into last year's bloody suppression by the military of opposition protests in which 156 civilians were killed.
Incheon Declaration adopted

ASIA-PACIFIC NATIONS CALL FOR 'GREEN' ECONOMIC GROWTH STRATEGIES

Special Correspondent - 2010-05-20 08:51
New York: More than 60 nations in Asia and the Pacific have underscored the urgent need for 'green' strategies to spur economic growth in the region, wrapping up a weeklong United Nations gathering.

Japan's recovery is gaining strength, GDP expected to grow by around 2 percent

Special Correspondent - 2010-05-20 08:42
An International Monetary Fund (IMF) team, led by Mr. James Gordon, Senior Advisor in the Asia and Pacific Department, visited Tokyo during May 10-19 to conduct the annual Article IV discussions with Japan. The team met with senior officials from the government, the Bank of Japan (BoJ), and private sector representatives to discuss recent economic developments and the policy challenges ahead. The IMF's First Deputy Managing Director, Mr. John Lipsky, joined the mission for the final policy discussions.

MUIVAH'S VISIT UNSETTLES MANIPUR

CENTRE UNDECIDED ON NEXT MOVE
Barun Das Gupta - 2010-05-20 08:37
KOLKATA: How difficult, complex and thorny is the path to the settlement of the Naga problem was brought out in sharp relief earlier this month when the two police forces of Manipur and Nagaland stood almost eyeball to eyeball on the inter-State border on the issue of NSCN(I-M) general secretary T. Muivah's intended visit to Manipur.
India: One Year of UPA-2

UPA-II HOBBLING FROM CRISIS TO CRISIS AFTER A HEADY START

SECURITY AND INFLATION TO TEST ITS METTLE IN SECOND YEAR
S. Sethuraman - 2010-05-20 08:34
Back for a second term in May 2009 with a bang, UPA-II has now completed its first year in office with few accomplishments for a drum-beat while its failures are writ large notably in critical areas like prices and internal security. The Congress-led motley coalition, in which two smaller regional allies call the shots, and a lack of cohesion with Ministers speaking out of tune, here and abroad, are doing damage to the collective image of the Manmohan Singh Government. It had already to face a trial of strength over a rare cut motion on the budget which was finally approved.