InfoAnda - IMF, World Bank focus on aid for poor countries

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Head of Saudi morals police eases tone on cinema | Entertainment | | 21 December 2008
The Nation's Weather | 2 May 2009
India governor, 86, resigns after 3-woman sex tape | 27 December 2009

US service member, Afghan child killed in attacks | 9 August 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : IMF, World Bank focus on aid for poor countries

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: IMF, World Bank focus on aid for poor countries AFP - Monday, April 27 WASHINGTON (AFP) - - The International Monetary Fund and World Bank met Sunday, focusing on aid to developing countries battered by the global financial crisis that is pushing millions more into poverty. ADVERTISEMENT Topping the agenda of a meeting of the joint IMF-World Bank development committee was the fallout from the crisis that began in the advanced economies but which is now hitting the most vulnerable countries. The crisis means up to 90 million more people will remain trapped in extreme poverty this year while the chronically hungry could top one billion, a World Bank/IMF report warned on Friday. African countries are among the most vulnerable to the crisis which has slashed investment and credit flows, jeopardizing development gains, especially on poverty reduction. The International Monetary Fund forecasts growth in Africa to decline to 2.00 percent in 2009 from 5.25 percent in 2008 as exports slump and investment flows shrink. African governments must "contain the adverse impact of the crisis on economic growth and poverty, while preserving the hard-won gains of recent years, including macroeconomic stability and debt sustainability," it said. The head of the African Development Bank, Donald Kaberuka, warned on Sunday that Africa was hit more quickly than expected by the crisis and, just as bad, would pick up more slowly when recovery eventually comes. Most expected the crisis to hit after about 18 months because Africa was not tightly integrated into the global financial system but instead it had had an immediate impact on investment while "credit flows had almost dried up." "My concern (is that) once recovery sets in ... African countries will recover much more slowly," Kaberuka said. On Saturday, the World Bank launched a 55-billion-dollar infrastructure investment program designed specifically to help developing countries weather the worst global slump in decades. "As developing countries are facing the trials of the global economic crisis, it is vitally important that economic stimulus packages in the developed world are accompanied by support to those that cannot afford multi-billion (dollar) bailouts," World Bank president Robet Zoellick said. "A decline in infrastructure leaves weaker foundations for long-term economic growth that hits the poorest the hardest," Zoellick added. "A top priority must also be support for the poorest countries," US Treasury Secretary Timothy Geithner told the IMF/World Bank Development Committee on Sunday. He said Washington was "on track" to meet a pledge to double development aid to Sub-Saharan Africa by next year and would increase other help "to vulnerable populations ... so that we can give people the tools they need to lift themselves out of poverty." Reforms to give the developing world a greater voice and participation in the 185-nation IMF and World Bank, traditionally dominated by the United States and other major advanced economies, were also on the agenda. The meeting comes on the second and final day of the spring meetings of the IMF and its sister institution the World Bank, held under tight security at their headquarters just blocks from the White House in Washington. On Saturday, the IMF, which underpins global financial stability, said it was time to talk about exit strategies for the crisis since all members now agreed on the need for stimulus measures and cleaning up banks' bad assets. IMF head Dominique Strauss-Kahn said now the debate had to be about how to prepare for the eventual economic upturn. Some wanted to discuss the issue later but "our point of view is that (the) exit strategy view has to be taken into account as soon as possible," he said. The IMF earlier this week sharply downgraded growth forecasts, saying it now sees the global economy contracting by 1.3 percent this year before returning to growth of 1.9 percent in 2010. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Enlarge Photo The Development Committee meet inside the World Bank in Washington, DC. The International Monetary Fund and World Bank met, focusing on aid to developing countries battered by the global financial crisis that is pushing millions more into poverty. Most Popular – Top Stories Viewed Obama dominates in first 100 days 'Golden Girls' Beatrice Arthur, dead at 86 Charred meat linked to pancreatic cancer risk $1 tln at risk in German banks: report Downturn hits Elton John, Paul McCartney View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Monday, 27 April 2009
Ecuador votes, Correa expected to win easily | International |
Karzai signed law not knowing contents: campaigners | International |
Page Not Found |
Beyonce's catfight thriller leads box office | Entertainment |
Global concerns over flu outbreak, over 100 dead | International |
Jailed U.S.-Iranian reporter said "very weak"
Ecuador's Correa cruises to re-election victory | International |
Iraq says U.S. raid violated security pact
Radical cleric breaks off talks in Pakistan's Swat | International |
Iraq PM: Deadly US raid 'breach' of security pact
Global ministers warn of risk of rising poverty | International |
Iraq: US raid 'crime' that breaks security pact
Attenborough, Branagh honoured at Britain's Baftas
Yemen frees ship, captures pirates | International |
Iraq PM says can confirm insurgent leader arrest
IMF, World Bank focus on aid for poor countries
Iraq says U.S. raid violated security pact | International |
Afghan blasts, shootings kill 14
Button extends title lead with Bahrain GP win
Darfur rebels get death sentence for 2008 attack
Swine flu fears close schools in NY, Texas, Calif.
US-TECH Summary
Doctors urge baseline test for prostate cancer
College Fest Partygoers Start Street Fires After Police Break Up Crowd In Ohio
Facebook plans to give developers more access: source
U.S. Announces Emergency Plan To Combat Swine Flu
Doctors warn about camphor poisoning in children
Tornadoes Hit Kansas, Missouri; Lightning Kills Motorcyclist
Obama's e-government off to good start
Study links ADHD medicine with better test scores
An Error has occured |
Robert Blake Nominated As New State Dept. Assistant Secretary For South Asia
Qualcomm settles Broadcom dispute for 891 mln dlrs
Qualcomm to pay Broadcom $891 million to settle litigation | Technology |
Firefighting Plane Crashes In Utah, 3 Killed
Chrysler reaches labor deals in fight for survival
Two Men, Suspect, Shot in Virginia College Dorm
Moscow cop kills 3, injures 6 in shooting spree
Pediatricians adopt new term for shaken baby abuse
Artist James Rosenquist's Home, Work Destroyed By Florida Wildfire
Probable Mexico swine flu death toll
Man Shot Dead After Killing 2 Florida Deputies
Berlin religion referendum fails
The Dalai Lama serves hope to SF homeless
Clinton In Unannounced Visit To Lebanon
Albania to lodge EU candidacy papers Tuesday: PM
Kansas County Records 2 Swine Flu Cases
Sheriff: Soldier killed 2 Fla. deputies in arrest
US mulls informal talks with Cuba: report
Priest, wife hacked to death in Indonesia: police
China bans pork imports from Mexico, parts of US
Radical cleric breaks off talks in Pakistan's Swat
Graft charges dropped against Bangladeshi PM
Flu outbreak closes theaters in Mexico | Entertainment |
42 Vietnamese fishermen detained in Malaysia
SKorean firm to start tours along NKorea border
Ghost story scares up interest at Tribeca fest | Entertainment |
China, Taiwan deals signal more cooperation
TV ownership no bar to welfare, says Malaysia
Sri Lanka troops in pre-dawn attack on Tigers
NEC Electronics, Renesas to merge chip businesses
Nearly 20 pct of Asia hedge funds close since '08
Report: Filipino radicals help Indonesia brethren
Japan chipmakers NEC Electronics, Renesas to merge
US group appeals to China to avoid protectionism
Japan's Sharp reports 1.3 bln dollar annual loss
Saudis use soft touch to 'save' former militants
Seoul shares end lower as banks, techs decline
Chinese massacre movie reports strong opening
World Bank, IMF say crisis becoming 'human calamity'
Two French films win top prizes at LA festival
Macau Sands casino up for sale: report
Flu outbreak closes theaters in Mexico
Controversial Vietnam mine project to proceed
Philippines warns on hugs, kisses over flu fear
Daihatsu suffers first profit fall in seven years
Ghost story scares up interest at Tribeca fest
Indonesian president's party backs his re-election
Father of Jamie Lynn Spears' baby injured in crash
Attenborough, Branagh honoured at Britain's Baftas
Tyra to testify at alleged stalker's NYC trial
'Obsessed' movie goers flock to Beyonce thriller
Israeli official: Swine flu name offensive
Abbas says won't recognise Israel as Jewish state
Police kill leftist militant in Istanbul gunbattle
Sri Lanka says combat gives way to rescue | International |
GM to trade debt for stock to avoid bankruptcy
Bin Laden could be dead, whereabouts unknown: Zardari | International |
Abbas won't be pressured into talks with Israel
Swine flu spreads economic shivers
Police kill leftist militant in Istanbul gunbattle | International |
British PM Brown in surprise visit to Afghanistan
British insurer Aviva sales rise five percent
Brown takes new strategy to Afghanistan, Pakistan | International |
Five suspected militants killed in Afghanistan
Weak U.N. nuclear watchdog eroding non-proliferation | International |
US auto union strikes tentative deal with Chrysler
No rejoicing for Israeli Arabs on Independence Day | International |
Clinton tells nations US acting on climate change
Study: SE Asia will be hit hard by climate change
Court refuses appeal from reputed drug kingpin
UK rules out government database of emails, phones | Technology |
New York City Parochial School Closed After 8 Students Confirmed With Swine Flu, While 100 More Have Flu-Like Symptoms
Pirate Bay lawyer files for retrial, cites bias | Technology |
Pirate Bay lawyer files for retrial, cites bias
Feds: Ga. shooting suspect's passport is missing
President Barack Obama's Addresses National Academy Of Sciences, Pledges To Boost Science
CDC Offers Steps To Avoid Getting, Spreading Swine Flu During Current Outbreak
Apple "say on pay" motion approved by shareholders
Clinton tells nations US acting on climate change
Apple say on pay motion approved by shareholders | Technology |
One In 50 Children Homeless In U.S.; Recession And Loss Of Jobs, Along With High Rents, Blamed
Conficker virus begins to attack PCs: experts | Technology |
FL Attorney General Extends Condolences To Families Of Slain Deputies
GM to cut 21,000 US factory jobs, shed Pontiac
FL Attorney General Warns Homeowners Not To Fall For Scams Related To Tainted Chinese-Made Drywall
Cult leader escapes French island jail
Facebook costs Swiss woman her job | Technology |
FDA: Raw Alfalfa Sprouts Linked To Salmonella Contamination
Father: US journalist jailed in Iran 'very weak'
China Suspends Pig Product Imports From Mexico, Parts Of The U.S.
Lavrov talk on EU eastern influence 'nonsense': EU
CDC: Practical precautions can help avoid flu
Most families allow media to cover fallen soldiers
Ex-OC sheriff to get sentence on felony conviction
Bats may be linked in Philippines Ebola cases
Sri Lanka to stop airstrikes, shelling of rebels
Afghan president promises change in marriage law
Beyonce's catfight thriller leads box office | Entertainment |
Taliban derides 'worthless' truce with Pakistan
Sri Lankan army stops using 'heavy weaponry'
Hong Kong woman tested for swine flu: official
Taliban: Peace pact with Pakistan is 'worthless'
Pakistani stocks down 3.6 pct; rupee flat
British PM: Af-Pak border 'crucible of terrorism'
Chinese bank ICBC says 1Q profit up 6 percent
Southeast Asia prepared for swine flu outbreak: ASEAN
Mitsubishi slips into red but sees return to black
Khmer Rouge jailer: infamous regulations sign fake
Sharp posts $1.3 bln loss as TV, gadget sales dive
ANA to post smaller than expected loss
Taiwan dollar down on swine flu, exporters absent
German Allianz mulls partial sale of ICBC stake
Japan says economy to shrink 3.3 percent this year
Sharp posts 125.8 billion yen annual loss
Edgar Allan Poe to be honored with Boston square
Two killed in Georgia 'Star Academy' studio collapse: official
Christian priest, wife killed in eastern Indonesia
Acropolis museum to open in June: minister
Beyonce's catfight thriller leads box office
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01