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Tonga has been hit hard

Special Correspondent - 2010-04-03 06:45
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.

Economic outlook for Ukraine strengthening with signs of a gradual resumption of growth

Special Correspondent - 2010-04-03 06:32
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.

DR CONGO: WOMEN FIGHT UNDER-REPRESENTATION IN GOVERNMENT

Special Correspondent - 2010-04-02 09:03
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.

Adopt a “rights-based approach” to provide better protection for the world's 105 million migrant workers

Special Correspondent - 2010-04-02 08:52
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.

FIVE JOURNALISTS KILLED IN HONDURAS IN MARCH

Special Correspondent - 2010-04-02 08:28
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.

INDIA: THE MEANING OF NATIONAL ADVISORY COUNCIL'S REVIVAL

IT IS TO CORRECT THE POLICY DISTORTIONS
Kalyani Shankar - 2010-04-02 08:22
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.

Germany: Economic recovery is likely to be moderate and fragile

Special Correspondent - 2010-04-02 08:18
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.

Colombia well-placed to confront the challenges posed by the still uncertain global outlook

Special Correspondent - 2010-04-02 08:12
Executive Directors of the International Monetary Fund (IMF) have commended the Colombian authorities for maintaining strong policy and institutional frameworks during the global crisis. This, together with an early request for a flexible credit line from the Fund, contributed to preserving external confidence and limiting the impact of the crisis. Directors considered that, with improved economic fundamentals and a healthy banking system, Colombia is well-placed to confront the challenges posed by the still uncertain global outlook.

New Zealand faced global financial crisis better than many other advanced countries

Special Correspondent - 2010-04-01 12:22
New Zealand has been able to ride out the global financial crisis better than many other advanced countries. This was because of demand from fast-growing Asian markets and the robust Australian economy, a flexible exchange rate, and the absence of a banking crisis. In addition, a significant fiscal and monetary policy stimulus cushioned the blow from the global crisis. Nevertheless, the crisis highlighted long-standing vulnerabilities due to sizable household and external debt.