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The International Monetary Fund (IMF), as Trustee of the Poverty Reduction and Growth Trust (PRGT), has signed a borrowing agreement with the Bank of Spain, through which Spain will provide the Trust with SDR 405 million (about US$617 million) in new loan resources for low-income countries.

New York: Developing countries with energy intensive industries will benefit from a United Nations-backed project launched to draw up a technological blueprint for capturing and storing global warming gas emissions, a crucial step in averting dangerous climate change.

New York: The International Criminal Court (ICC) has asked for additional information as it decides whether or not to go forward with an investigation into the deadly post-election violence clashes which rocked Kenya in December 2007 and January 2008.

New York: Addressing impunity for human rights violations is one of the top challenges facing the Central African Republic (CAR), as it enters the final stretch before elections, a senior United Nations official has said.

New York: The top United Nations development official has called on the international community to provide urgently needed resources to respond to the humanitarian needs stemming from the conflict in northern Yemen and to enable early recovery to begin now that a ceasefire has been announced.

WASHINGTON - The World Bank's Board of Executive Directors approved a US$55 million credit to contribute to increased access to sustainable water and sanitation services in selected rural and urban areas of Senegal within the next five years.

New Delhi: There is another bad news for agriculture in India. Due to competing and increasing demand of water from various sectors such as domestic, industries etc., share of water for agriculture is likely to go down from 83% at present to about 68% by the year 2050.

New Delhi: The 19th day of Feb 2010, was marked with the take off of the Indian Navy's new fighter aircraft - the MiG-29K with it's full afterburners. The new fighter displayed its agility by breaking into an almost vertical climb within seconds after take off.

New Delhi: Allocation of funds by the Governments in India for welfare of the citizens is a politically rumunerative pastime. In real terms, the spending of funds, however, seems to be too difficult for our political establishment at the centre as well as states. This mindset of the politicians and bureaucrats has led us to a situation in which only 28 percent of the welfare fund out of the collected as cess is being spent on the needy.

How many of our economic policy-makers are aware that one of the biggest and oldest multinational companies operating in the country with multi-location production units is, of late, using its manufacturing facility in China to import and market items such as toilet and kitchen cleaners in India?