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ADB, FMO OF THE NETHERLANDS TO SHARE RISK ON TRADE FINANCE IN ASIA

Special Correspondent - 2010-05-03 08:44
MANILA, PHILIPPINES - The Asian Development Bank (ADB) has signed a risk distribution agreement with the Netherlands Development Finance Company (FMO), which will lead to greater and wider support for trade in ADB's developing member countries.

ADB Signs First Trade Finance Agreements in Uzbekistan

Special Correspondent - 2010-05-03 08:37
MANILA, PHILIPPINES - The Asian Development Bank (ADB) has signed trade finance agreements with three banks in Uzbekistan. The agreements with Agrobank, Asaka Bank, and Hamkorbank are ADB's first such agreements in the Central Asian country.

NEPAL: MAOIST PROTESTS PEACEFUL

Special Correspondent - 2010-05-02 07:42
New York: Today's May Day protests staged by Maoists across Nepal have been organized and peaceful, with security forces also acting in a restrained manner, the United Nations human rights office in the country said.

Asian Cities Must Lead Push to Improve Environment, Cut Resource Use

Special Correspondent - 2010-05-02 07:39
TASHKENT, UZBEKISTAN - Cities in Asia should lead the way in making the reduction, reuse and recycling of resources a way of life, while providing economic models for conservation which national governments could replicate, a seminar audience heard.

Asia Needs Pan-Regional Institutions for Integration

Special Correspondent - 2010-05-02 07:32
TASHKENT, UZBEKISTAN - Increasing interdependence within Asian economies suggests the region should strengthen its institutional architecture to cement recent gains, broaden integration, and ensure that regional and global processes remain compatible and mutually reinforcing, a seminar audience heard.

ADB Signs $350 Million Loan to help Uzbekistan Boost Energy Efficiency

Special Correspondent - 2010-05-02 07:28
TASHKENT, UZBEKISTAN - Asian Development Bank (ADB) President Haruhiko Kuroda on Saturday signed a $350 million loan agreement to boost the efficiency of Uzbekistan's electricity supply through the construction of a new combined cycle gas turbine.

EMERGING POWER SHIFTS IN CRISIS-HIT WORLD ECONOMY

RISKS UNABATED FOR FINANCIAL STABILITY AND GROWTH
S. Sethuraman - 2010-05-01 10:43
The world may be formally out of the Great Recession, as a result of unprecedented levels of globally co-ordinated monetary and fiscal actions of leading economies, but it is not out of the woods yet. Recovery in advanced economies in 2010 is too slow for comfort with little hope for the unemployed millions or for a rise in household incomes to boost consumption and growth.
New Delhi Letter

UPA-2 GOVT SURVIVING ON “POLITICAL DEALS”

LEFT DITCHED BY YADAVS AGAIN
Political Correspondent - 2010-05-01 10:40
Pranab Mukherjee can rightly feel proud of the massive majority with which he got his finance bill passed in the Lok Sabha. The combined opposition had put up a stiff fight against India's most market-friendly union budgets. There have been rumblings even within the Congress party over the sweeping budget imposts that are bound to worsen the price situation. A victory amidst all such adversities has rightly enhanced Mukherjee's status as the Congress party's best trouble-shooter.

TAJIKISTAN: POLIO REAPPEARED AFTER ERADICATION, VACCINES FOR DISTRIBUTION NEXT WEEK

Special Correspondent - 2010-05-01 10:23
New York: Nearly 1.1 million young children in Tajikistan will start receiving vaccines next week against polio, the sometimes deadly disease which has returned to the Central Asian country where it was thought to have been eradicated 13 years ago, United Nations agencies reported.

Global biodiversity has been declining alarmingly

Special Correspondent - 2010-05-01 10:14
New York: Global biodiversity has been declining alarmingly despite a pledge by world leaders in 2002 to help curb the loss of earthly life forms, a new United Nations-supported study shows.