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The Executive Board of the International Monetary Fund (IMF) today approved Grenada's request for a new three-year arrangement under the Extended Credit Facility (ECF), totaling SDR 8.775 million (about US$13.3 million). Approval of the program makes an initial disbursement of SDR 1.275 million (about US$1.9 million) available immediately.

The Executive Directors of the International Monetary Fund (IMF) have observed that the global downturn had led to a marked decline in St. Lucia's economic activity. The economy is recently showing welcome signs of an emerging recovery, although downside risks remain given the continued dependence on tourism. While the expansionary fiscal policy has helped to mitigate the adverse impact of the global crisis and protect the most vulnerable segments of the population, it has raised the fiscal deficit and public debt ratios significantly.

Tonga has been hit hard as the global crisis spilled over to affect Tonga's tourist industry, remittance flows, and agricultural exports, says an International Monetary Fund (IMF) mission to the country.

An IMF mission headed by Mr. Thanos Arvanitis visited Kyiv during March 24-April 2 to discuss economic policies that could be supported by a Stand-By Arrangement with the IMF. The mission found the economic outlook for Ukraine to be strengthening, with signs of a gradual resumption of growth.

New York: The United Nations is boosting the efforts of women in the Democratic Republic of the Congo (DRC) to overcome decades of low female participation in politics and achieve their rightful role in governing the vast African country and rebuilding it after years of civil war.

New York: Migrants in Japan face discrimination, exploitation and other forms of mistreatment, an independent United Nations human rights expert said, urging the Japanese Government to strengthen their protection.

New York: A new study by the United Nations labour agency calls for adopting a “rights-based approach” to provide better protection for the world's 105 million migrant workers, who continue to experience challenges such as low wages and unsafe working conditions.

New York:The head of the United Nations agency tasked with defending press freedom spoke out against the murders of two radio journalists ambushed last week, bringing the total number of media professionals killed in the Central American nation last month alone to five.

Whoever thought that the National Advisory Council would be revived? The NAC, which functioned as a super government between 2004 and 2006, will have another stint. It may be one of the 180 odd committees and commissions set up by Prime Minister Manmohan Singh in these six years but NAC is not just another body. During the UPA 1 regime, headed by the UPA chairperson Mrs. Sonia Gandhi, the government-funded council was the top policy-advising body overriding the importance of other institutions including the Planning Commission.

Executive Directors of the the International Monetary Fund (IMF) have noted that timely and appropriate policy response and a recovery of exports helped lift the German economy from the recession. Economic recovery is likely to be moderate and fragile, reflecting its reliance on export demand and risks from continuing financial sector problems.