The United Nations has delayed the shift to international accounting standards to 2012 though it was supposed to have started in 2010 while the UN secretariat said it would implement it from 2014.
Global tourism has returned to pre-crisis levels thanks to faster recovery in the Asia-Pacific, Middle East and Africa regions, the UN World Tourism Organization (UNWTO) said in a report.
Five hundred million of a total of 1.4 billion smartphone users will be using mobile health applications in 2015, a report said. Both healthcare providers and consumers are embracing smartphones as a means for improving healthcare.
Nigeria could report Iran to the UN Security Council on illegal arms shipment, if any sanctions were breached. Speaking to reporters in the capital Abuja, Nigerian foreign minister stated that the consignment originated from Iran, a detail also confirmed by the Iranian government. Iran is forbidden from exporting any weapons from its territory. However, Nigeria is yet to notify the UN on the incident.
Aid to developing nations is not a major issue at the G-20 Summit, but at least one NGO says it should be.
As Palestine marks the death anniversary of former PLO chairman Yasser Arafat, his legacy is seen fading, while the Palestinian cause is sorely missing the leadership he offered.
Foreign Direct Investment (FDI) in China spiked up for 13th straight month in August, despite complaints from the US and European companies over alleged unfair business environment and the Chinese government's favors for domestic firms.
Hungary's Prime Minister Viktor Orban said on Monday that it was in the country's interest to reach loan agreements with the IMF if necessary -- but not to have the Fund shaping its economic policy.
It is in Hungary's interest to sign loan agreements with the IMF if necessary but it is not in the country's interest to have economic policy agreements with the Fund, Prime Minister Viktor Orban said on Monday.
The global bullion market is now looking at Greece for a further boost to lift its spirit as officials from the International Monetary Fund (IMF) conduct a fiscal checkup required before the country gets its second loan instalment in mid-September.
Hungary's prime minister signaled on Thursday that he would not renew a safety net with the IMF and would row back on a commitment to cut the budget deficit to European Union-prescribed levels next year.
Hungary's prime minister signalled on Thursday he would not renew a safety net with the IMF and would row back on a commitment to cut the budget deficit to European Union-prescribed levels next year.
In the latest of a series of comments that have confounded markets, Viktor Orban said Hungary would meet this year's budget target under the International Monetary Fund-backed deal but the IMF safety net would end in October and the matter of negotiating a new one was insignificant.
Hungary will negotiate with the European Union about next year's budget but will also continue talks with other international organisations including the IMF, the prime minister's spokesman said on Thursday.
When it comes to planning next year's budget we will have to negotiate with the EU so with everybody in the right time, Peter Szijjarto told public television M1, reiterating comments made by Prime Minister Viktor Orban in Berlin on Wednesday.
The IMF and EU suspended on Saturday a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.
The IMF and EU suspended on Saturday a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.
Asia has emerged as a global economic powerhouse but is faced with policy challenges from rising capital inflows and needs to watch out for possible shocks from Europe, the IMF's chief said on Monday.
Ukraine's parliament on Thursday approved budget cuts bringing the deficit in line with the International Monetary Fund's requirements after brief resistance from the Communist allies of the government.
An International Monetary Fund mission said on Saturday it had agreed to recommend a loan of $14.9 billion for Ukraine in a deal to help fill the country's budget gap and boost investor confidence.
The European Commission on Wednesday denied a report that the European Union, the IMF and the U.S. Treasury were drawing up a liquidity plan for Spain including a credit line of up to 250 billion euros ($335 billion).
Europe's debt crisis could disrupt global trade, hurting demand for Asian exports and sending hot money into the region if policymakers fail to act swiftly and appropriately, a top IMF official said on Wednesday.
(Reuters) - The Group of Eight industrialized nations plan to invest in better health for mothers and young children in poor nations to meet faltering goals for slashing world poverty by 2015, a draft text for a G8 summit said.
The IMF said Sunday it expects to record a profit of $ 5.1 billion from the sale of gold in the financial year ended April 30, 2010. In a statement, the International Monetary Fund, which sold gold to member countries including India last year, said gold sales is a part of the multilateral lending agency's new income model, mainly aimed at increasing its resources to lend to low-income countries.
