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WASHINGTON, D.C. — At meetings of the multilateral Climate Investment Funds (CIF) governing bodies here last week, three groups of low income and developing countries received support to engage in climate action which will transform their approach to development and poverty reduction. The three groups were selected under the target programs of the CIF Strategic Climate Fund (SCF).

Washington - The World Bank Board of Executive Directors has approved a proposal to provide $55 million in funding for projects in the West Bank and Gaza (WBG) to support Palestinian economic recovery and development.

WASHINGTON ― The World Bank Group has approved an additional amount of US$70 million for the Electricity Company of Ghana (ECG) under the Ghana Energy Development and Access Project (GEDAP).

WASHINGTON - The World Bank Board of Executive Directors has approved an International Development Association (IDA) grant of US$20 million equivalent for Chad to support the implementation of the Government of Chad's Second Population and HIV/AIDS Project for the period 2010-2012. The project seeks to encourage the Chadian population to adopt behaviors which will reduce the risk of HIV infection and too closely spaced and/or unintended pregnancies. The project would thus contribute to progress towards Millennium Development Goals (MDGs) 4, 5, and 6.

WASHINGTON -The World Bank Board has approved financing in the amount of US$44.7 million from the International Development Association (IDA) to the Government of Ghana as additional funding for the ongoing eGhana Project. The original eGhana Project of US$40 million was approved in 2006 to support the Ghana Information Communication Technology (ICT) for Accelerated Development Program.

Washington — The Group of 20 should strive to promote long-term, broad-based growth, since this represents the most effective means to help lift tens of millions of people in the developing world out of poverty. Moreover, faster growth in developing countries could kick off a virtual cycle towards more diversified, sustainable and less volatile global demand, the World Bank said.

The Executive Board of the International Monetary Fund (IMF) has completed the fourth review of Serbia's economic performance under a program supported by a Stand-By Arrangement (SBA). The completion of the review enables the immediate disbursement of SDR 319.595 million (about €383.2million, or US$472.9million). Drawing the full amount would bring total disbursements under the program to SDR 1.50 billion (about €1.80 billion, or US$2.22 billion).

The Executive Board of the International Monetary Fund (IMF) today completed the second and third reviews of Sri Lanka's economic performance under a program supported by a Stand-By Arrangement (SBA). The completion of the reviews enables the immediate disbursement of an amount equivalent to SDR 275.6 million (about US$407.8 million), bringing total disbursements under the arrangement to an amount equivalent to SDR 689.0 million (about US$1,019.4 million).

New York: The head of the United Nations International Labour Organization (ILO) has praised the leaders of the Group of 20 (G20) industrialized nations for recognizing the importance of the need to spur economic recovery and generate employment.

New York: The annual high-level segment of the United Nations Economic and Social Council (ECOSOC) opened with speakers calling for women and girls to be placed at the centre of the global struggle to achieve the social and economic targets known as the Millennium Development Goals (MDGs).