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ANGOLA RECEIVES UN AID TO HELP FOSTER INVESTMENT

Special Correspondent - 2010-04-15 10:26
New York: The United Nations, which sent four separate missions to Angola during its devastating decades-long civil war in efforts to help end the conflict, is seeking to strengthen the capacities of the now peaceful southern African country in the field of investment.

Egypt: Recovery gains strength

Special Correspondent - 2010-04-15 10:20
Executive Directors of the International Monetary Fund (IMF) have commended the Egypt's authorities' sound macroeconomic management and the reforms implemented since 2004, which had strengthened the resilience of the Egyptian economy in the face of the global financial crisis.

UNDERLYING CAUSES OF HUNGER IN UGANDA

Special Correspondent - 2010-04-15 10:08
New York: The United Nations World Food Programme (WFP) is launching a new livelihood programme designed to address the underlying causes of food shortages in Karamoja, the poorest and most marginalised region in Uganda which has not had a successful harvest in five years and where more than 80 per cent of the population lives in poverty.

UN ROLE IN FIGHT TO KEEP NUCLEAR MATERIALS FROM TERRORISTS OUTLINED

Special Correspondent - 2010-04-15 10:01
New York: Building on United States President Barack Obama's nuclear security summit in Washington, UN Secretary-General Ban Ki-moon proposed a series of high-level conferences to flesh out efforts to prevent terrorists from getting their hands on nuclear materials.

UN To Assist Uganda to restore the Tombs of Buganda Kings

Special Correspondent - 2010-04-15 09:56
New York: The United Nations will help Uganda mobilize resources to restore the Tombs of Buganda Kings, a World Heritage List site, following their near-destruction in a fire last month.

ADB to Contribute to ASEAN+3 Credit Guarantee Facility

Special Correspondent - 2010-04-15 09:48
MANILA, PHILIPPINES - The Asian Development Bank (ADB) and ASEAN nations, along with People's Republic of China, Japan, and the Republic of Korea, are moving to establish a jointly owned credit guarantee facility, which is aimed at promoting financial stability and boosting long-term investment in the region.

NON-COMMUNICABLE DISEASES MUST BE TACKLED AS DEVELOPMENT ISSUE IN POOR STATES

Special Correspondent - 2010-04-15 09:43
New York: Non-communicable diseases such as cardiovascular and chronic respiratory illnesses, diabetes and cancer are imposing a much greater burden on the poorest countries than on richer economies and must be tackled as a development issue, United Nations health experts have warned.

Guyana has weathered the global crisis well

Special Correspondent - 2010-04-15 09:40
Executive Directors of the International Monetary Fund (IMF) have noted that Guyana has weathered the global crisis well, sustaining a solid macroeconomic performance supported by prudent policies. Directors commended the authorities' commitment to further entrench macroeconomic stability and fiscal sustainability, while promoting long-term growth and development to improve the country's standard of living and reduce poverty.

Bangladesh: GDP growth expected to moderate slightly to 5 percent

Special Correspondent - 2010-04-15 09:34
A team from the IMF visited Dhaka April 6-12, 2010 to discuss budget developments and update understandings on the near-term macroeconomic outlook. They met with Planning Minister A.K Khandker, Bangladesh Bank Governor Atiur Rahman, Finance Secretary Mohammad Tareque, National Board of Revenue (NBR) Chairman Nasiruddin Ahmed, other senior government officials, and members of the private sector and civil society. The team expresses its deep appreciation to the authorities and others for sharing their valuable time and views.

Old concept of “Third World” outdated

New Multipolar global economy requires new approaches
Special Correspondent - 2010-04-15 09:29
Washington — Old concepts of the “Third World” no longer apply in the new multipolar global economy and new approaches are needed to take account for the interests of developing countries, said World Bank Group President Robert B. Zoellick.