Military helicopters dropped food and medicine to Chinese earthquake survivors who remained cut off Wednesday in remote mountain villages, while the official death toll rose to nearly 15,000. The scale of devastation became clearer as more rescuers walked into the hardest-hit areas of central Sichuan province, finding towns where 80% of the population fell victim to Monday's magnitude 7.9 quake. [The Wall Street Journal] [US] Secretary of the Interior Dirk Kempthorne said today he will list the polar bear as a threatened species under the Endangered Species Act.The announcement…amounted to the government's first use of the Endangered Species Act to list a species as menaced because of a loss of habitat caused by global warming.[Agence France Presse] The secretary of state for Finance and Economic Affairs, has disclosed that all the recent World Bank (WB) funded projects in The Gambia are "successfully progressing," as planned. Mousa Gibril Bala Gaye said this is the first time that none of the WB projects in the country has an unsatisfactory rating, in contrast to those in late 1990s and early 2000s, when one third of the projects were rated satisfactory. [The Daily Observer] Provincial authorities in Katanga province, the epicentre of Congo's copper and cobalt industry, asked mining companies to cut their energy consumption by 60 percent last month after thieves made off with 1,800 metres of electrical cables. [Thomson Reuters] Royal Dutch Shell is close to agreeing a deal with Nigeria that would see the company provide loans to meet funding shortfalls that have cut production at one of its most important oil businesses. The plan is designed to inject cash into Shell's joint venture with the Nigerian government. The state's failure to pay its share of costs has stalled main projects. [The Financial Times] Clearance of goods at the port of Mombasa and border points in the country is set to improve once the concept of ‘One Stop Border Post' integrated land and border management process is implemented. Commissioner for Customs at the Kenya Revenue Authority - KRA, Mrs Wambui Namu said the delays at the Kilindini harbour will be reduced from the current two weeks to a few hours, once the process is in place. [Kenya Broadcasting Corporation] Russia wants further reform of the International Monetary Fund but currently sees no alternative to the fund, Deputy Finance Minister Dmitry Pankin told Reuters in an interview. IMF members overwhelmingly approved a new voting system last month that increases the power within the global financial institution of large emerging economies such as China and India, although IMF critics have said the new system falls far short of what is needed. Russia abstained from the vote. [The Guardian] Azerbaijan's leading commercial bank Azerigasbank has sold a 10 percent stake to Britain's Kazimir Investment Caspian Fund for $8.4 million, a spokesman for Azerigasbank said on Wednesday. "We've got a second foreign shareholder, after International Financial Corporation (IFC). The deal with Kazimir Investment Caspian Fund was $8.4 million," Alekper Aliyev told journalists. IFC, part of the World Bank, became a shareholder of Azerigasbank in 2006 after acquiring a 17.5 percent stake. Thomson Reuters] The World Bank announced today that it was granting three loans to Jamaica totaling USD 65 million to support social, health and educational projects. A press release from the financial organization indicated that a USD 15 million loan would finance a development project for children during their first years of schooling.Another USD 40 million loan would contribute towards strengthening the security and social assistance system in that Caribbean country. [EFE] “We want to increase our presence in Paraguay”, said the World Bank’s regional director, Pedro Alba, who met today with the President-elect, Fernando Lugo. He added that they are willing to support any project that the new government undertakes. [ABC Color (Paraguay)] Grameen Healthcare Trust and the Saudi German Hospital Group of Saudi Arabia on Tuesday signed a cooperation agreement for the establishment of a trust to build social business hospitals in Bangladesh, which will bring health services to the poor and disadvantaged people of Bangladesh. Dr Ahmed Mohamed Ali, President of Islamic Development Bank was the chief guest at the signing ceremony. [The New Nation] Leaders of a dozen Commonwealth countries will meet in London next month to discuss reform of international institutions, such as the International Monetary Fund and World Bank, the organisation said on Wednesday. [Thomson Reuters] Korea has been named to the executive committee of the World Bank's agricultural advisory group for a two-year term. The Rural Development Administration represents the country in the World Bank Consultative Group on International Agricultural Research. Its 20-member executive committee wrapped up a two-day meeting in Ottawa, Canada, on Wednesday. Korea takes the seat representing the four Asia-Pacific members of the Organization for Economic Cooperation and Development - Australia, Japan, Korea and New Zealand. It replaces Australia on the executive panel. [The Korea Herald] Yemen and the United Nations Development Programme (UNDP) signed on Wednesday three project documents. One of these projects will be implemented at the national level, while the other two will be implemented at the regional level. According to UNDP's press release, the three project documents were signed by Minister of Planning and International Cooperation Abdul-Karim al-Arhani and UNDP Yemen Resident Representative Dr. Selva Ramachandran…[Organisation of Asia-Pacific News Agencies] |