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India: Budget 2010-11 claims to focus on insuring food security and inclusive growth

Special Correspondent - 2010-02-26 08:25
New Delhi: The Union Budget this year has claimed to focus on inclusive growth and insuring food security. These concerns for aam aadami have gone hand in hand with credible measures for improving investment climate, strengthening infrastructure and fiscal consolidation. As the country looks to 'quickly revert to high GDP growth path' in the wake of 'uncertain times', concerns for inclusive growth targeting the disadvantaged sections form the defining features of the Budget.

Bosnia and Herzegovina gets World Bank Support for Social Protection and Employment

Special Correspondent - 2010-02-26 05:18
WASHINGTON - The World Bank's Board of Executive Directors has approved an interest-free International Development Assistance (IDA) credit in the amount of US$15 million for the Social Safety Net and Employment Support Project in Bosnia and Herzegovina (BiH).

US$250 million Loan to Support Iraq's Fiscal Sustainability against External Shocks

Special Correspondent - 2010-02-26 05:14
WASHINGTON - The World Bank Group's Board of Executive Directors has approved a US$250 million Development Policy Loan to the Government of Iraq in support of the country's efforts to mitigate the impact of the current fiscal crisis on the national economy and to support its medium-term economic reform program.

USD 50 million loan for New Countryside Development in Ningbo, China

Special Correspondent - 2010-02-26 05:11
BEIJING - Yesterday the World Bank's Board of Executive Directors approved a loan of $50 million to the People's Republic of China to improve rural wastewater management and township infrastructure in Ningbo Municipality.

World Bank Supports Social Service Delivery in Armenia

Special Correspondent - 2010-02-26 05:06
WASHINGTON - The World Bank's Board of Executive Directors has approved a US$5 million loan for the Additional Financing for the Armenia Social Protection Administration Project (SPAP). The Additional Financing will expand activities under the ongoing SPAP to further improve the delivery of social protection and employment services by strengthening institutions and better targeting social safety net programs.

Support for Community Investments that Target the Poor in Armenia

Special Correspondent - 2010-02-26 05:03
WASHINGTON ― The World Bank's Board of Executive Directors has approved a US$7 million credit for the Second Additional Financing for the Social Investment Fund III (ASIF III) Project for Armenia. The Additional Financing will assist the Government of Armenia in its efforts to improve the living standards of the poor and vulnerable groups by expanding labor-intensive infrastructure projects.

Sri Lanka: Economy improving as expected

Special Correspondent - 2010-02-26 04:52
Overall economic conditions of Sri Lanka are improving as expected, and the economy is poised for a recovery this year. External balances are strong, remittance inflows continue at a high rate, tourism prospects are rapidly improving, and gross reserves remain at comfortable levels.
Report of the 13th Finance Commission 2010

Union Budget 2010-11 may not include GST recommendation

Finance Commission suggests environment and natural disaster management grants
ASHOK B SHARMA - 2010-02-25 19:31
New Delhi : The nation is awaiting the presentation of the Union Budget by the finance minister, Pranab Mukherjee on Friday. One thing is certain. The proposed new form of taxation - Goods and Services Tax - will not find its way in the Budget 2010-11.

San Marino's economy suffers significant negative impact of the Global economic crisis

Special Correspondent - 2010-02-25 19:21
Executive Directors of the International Monetary Fund (IMF) has noted the significant negative impact of the global economic crisis on San Marino's economy and the macro financial vulnerabilities that the country faces. They have not only endorsed the measures taken by the authorities to address the immediate pressures but also have commended the authorities for strengthening international cooperation in economic and financial matters and for their effort to reach a double taxation agreement with Italy, which would help facilitate a repositioning of the economy.