financial

New World Bank facility to fast-track $2 billion to help world’s poorest countries

The World Bank has created a $2 billion fast-track facility to speed up grants and long-term interest-free loans to help the world’s poorest countries cope with the impact of the global financial crisis, noting a marked slowdown everywhere, including in formerly resilient developing nations.

Financial, climate crises could threaten development gains in Asia-Pacific – UN

Challenges facing the Asia-Pacific region – the food, energy and financial crises, as well as climate change – could unravel development successes, a top United Nations official warned today.

On Volunteer Day, UN officials celebrate ''great reserve of energy and initiative''

Communities should harness the energy and initiative of the thousands of volunteers who contribute to projects around the world, including critical United Nations activities, senior UN officials said today as they marked the day dedicated to those who give their time and efforts for free to help others.