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In a preliminary conclusion, the International Monetary Fund (IMF) says that the Turkish economy entered the global financial and economic crisis following a six-year growth surge that was fuelled by far-reaching policy reforms and greater political stability. The reforms of the past decade, particularly fiscal discipline, introduction of inflation targeting, and overhaul of financial sector oversight, together with political stability and opening of EU accession negotiations, significantly improved confidence in the management of the economy. These factors contributed to a high fiscal primary surplus, rapidly falling public debt, and moderate inflation.

New York: In an effort to protect children and pregnant women in the Central African Republic (CAR) from malaria, the United Nations Children's Fund (UNICEF) said it was working with the Government to provide each household across the country with at least one mosquito net treated with long-lasting insecticides.

COLOMBO, SRI LANKA - One year after a decades-old civil conflict ended in Sri Lanka, Asian Development Bank (ADB) President Haruhiko Kuroda said that a top priority of Sri Lanka's post-war development is to make sure that rapid reconstruction continues in the conflict-affected areas and the benefits of development reach everyone in the country.

New York: The United Nations World Food Programme (WFP) warned of growing needs in the Eastern Sahel region of West Africa, one of the most destitute regions in the world, where some 10 million people are facing extreme hunger due to drought and poor harvests.

New York: Renewed fighting between Government troops and armed opposition groups have displaced over 17,000 people from the Somali capital, Mogadishu, over the past month, with more than 14,300 fleeing in the last two weeks alone, the United Nations refugee agency reported.

WASHINGTON — The World Bank has approved US$330 million for Kenya to expand electricity access and deepen investment in green energy.

WASHINGTON - The Agro-biodiversity and Climate Adaptation project will be implemented in Yemen with over US$5.0 million extending over four years, including a US$4.0 million grant from the Global Environment Facility (GEF), which will be administered by the World Bank.

Jerusalem - The World Bank has transferred an additional US$91 million to the Palestinian Authority (PA). These resources will help support the urgent budget needs of the PA, providing, inter alia, support for education, health care and other vital social services for the Palestinian people and for the economic reforms currently underway.

Cologne — The latest annual report from the World Bank on the global carbon market showed that in 2009 it grew to $144 billion, up 6% from 2008 despite enduring its most challenging year to date. The global economic crisis negatively impacted both demand and supply sides and, as industrial output plummeted, the demand for carbon assets fell. The State and Trends of the Carbon Market 2010, released today by the World Bank at Carbon Expo in Cologne, also said that on the supply side, the reduction in access to capital made it difficult for many project developers to lock in financing. As a consequence, project origination ground to a halt.

WASHINGTON — The World Bank's Board of Executive Directors has approved US$63.66 million to create a unique regional network of 25 public health laboratories across Kenya, Tanzania, Uganda, and Rwanda. This network will operate across country borders, improving access to diagnostic services to vulnerable populations in cross border areas and making optimal use of internet and mobile communications to improve public health.