Finance & Economics
IMF and World Bank Announce US$176 million Debt Relief for the Union of the Comoros
The International Monetary Fund (IMF) and the World Bank’s International Development Association (IDA*) have decided to support US$176 million in debt relief for the Comoros, representing a 59 percent reduction of its future external debt service over a period of 40 years.
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ECOWAS, Partners to Meet Over Guinea Bissau Crisis
Officials of the Economic Community of West African States (ECOWAS) and representatives from other international organizations are to meet this week to discuss ways to deal with political instability and drug trafficking in Guinea Bissau.
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Global economy risks falling into renewed recession, warns UN report
Robert Vos, Director of the Development Policy and Analysis Division of the UN Department of Economic and Social Affairs at the launch of the World Economic Situation and Prospects 2013 report.
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Lack of support for motherhood hurting women’s career prospects, despite gains in education and employment, says OECD
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Australia is in a strong position, but must adapt to take full advantage of rising Asia, OECD says
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Improvements to the Quality of Life of Millions of Colombians Living in Urban Areas
The quality of life of the more than 30 million Colombians living in the largest urban areas will improve through a new US$150 million loan, approved today by the World Bank Board of Directors. The program seeks to increase productivity and sustainability in Colombian cities.
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Ethiopia Economic Update – Overcoming Inflation, Raising Competitiveness
Over the past decade, the Ethiopian economy has been growing at twice the rate of the Africa region, averaging, 10.6 percent GDP growth per year between 2004 and 2011 compared to 5.2 percent in Sub-Saharan Africa, according to a new report by the World Bank.
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EU and Singapore agree on landmark trade deal
EU Trade Commissioner Karel De Gucht and Singapore's Minister of Trade and Industry Lim Hng Kiang completed final negotiations on a free trade agreement (FTA) between the European Union and Singapore. The agreement reached today is one of the most comprehensive the EU has ever negotiated and will create new opportunities for companies from Europe and Singapore to do business together. The growing Singaporean market offers export potential for EU, industrial, agricultural and services businesses. An EU-Singapore FTA will be the EU's second ambitious agreement with a key Asian trading partner, after the EU-Korea FTA, which is in operation since July 2011.
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U.S. Treasury Receives Payment From Its Final Sale of AIG Common Stock, Bringing Positive Return on Overall AIG Commitment to $22.7 Billion
The U.S. Department of the Treasury announced that it today received payment from its final sale of AIG common stock. With the proceeds received today, the Treasury and the Federal Reserve have fully recovered the combined $182.3 billion they committed to stabilize AIG during the financial crisis – with an additional $22.7 billion positive return.
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Human Rights
Ringing FOWPAL’s Peace Bell for the World:Nobel Peace Prize Laureates’ Visions and Actions
Protecting the World’s Cultural Diversity for a Sustainable Future
The Peace Bell Resonates at the 27th Eurasian Economic Summit
Declaration of World Day of the Power of Hope Endorsed by People in 158 Nations
Puppet Show I International Friendship Day 2020