** Road disorder needs proper implementation of law ** Global food supply risks rise as key traders leave Russia ** 56 hurt in clashes among AL, BNP and cops in Natore, Khulna, Rajshahi ** Bangladesh serves as a model for rest of world: US Asst Secy Noyes ** People crowd the shop of a Trading Corporation of Bangladesh dealer for essential commodities at subsidised prices in Dhaka's Lalbagh on Saturday amid high prices of daily necessities in the market. Agency photo ** Rohingya national shot dead in Cox's Bazar ** BFUJ, DUJ express concern over misuse of DSA ** Dhaka seeks greater Dutch support for Rohingya repatriation ** I told DB everything I know about Arav Khan: Hero Alom ** Three Juba Dal leaders expelled for attack on journalists ** Several arrested from Paltan after chase, counter-chase ** UN Human Rights chief urges immediate suspension of DSA ** Trump indicted, first US president to face criminal charges ** A road beside Humayun Shaheb Railgate, Golapbagh, in the capital damaged due to ongoing rail line installation work and waterlogging by rainfall in the area causing sufferings to the pedestrians, commuters as well as the drivers. This photo was taken on Friday. ** Body of Chinese engineer recovered from sea ** Journalist Shams taken to Kashimpur jail ** IMF needs billions from rich nations to help poorest countries ** US expresses deep concern over use of DSA in Bangladesh ** HRW: Halt Rohingya repatriation plan ** Activists of left leaning students bodies stages a rally at Dhaka University premises in the capital on Thursday protesting the arrest of Prothom Alo journalist Samsuzzaman Shams. NN photo ** Repeal of Digital Security Act demanded ** Prothom Alo journalist Shams denied bail, sent to jail ** Japan to provide $1.27b to Bangladesh for three key projects ** HC verdict on Zahangir's GCC mayoral post deferred ** Private firm to supply gas from Bhola to industries in Dhaka **

G20 determined to spur growth, pushes US to ratify IMF reforms

13 April 2014

Xinhua, Washington :
Policymakers from G20 nations said Friday that they were determined to take realistic and concrete measures to shore up growth amid geopolitical risks and vulnerabilities. They also urged U.S.  Congress to pass long-delayed quota and governance reforms to the International Monetary Fund (IMF) by year-end.
"We welcome the prospects for global economic growth to strengthen in 2014 but remain vigilant in the face of important global risks and vulnerabilities," finance ministers and central bank governors of the Group of 20 leading economies said in a communique released after their meeting.
To meet their growth ambition to lift collective GDP by more than 2 percent over the coming five years, which was agreed in their Sydney meeting in February, the G20 nations vowed to address identified gaps in policy settings, lift and rebalance global demand and achieve exchange rate flexibility, and create substantial positive spillovers to each other and the world economy.
They reaffirmed that investment plays a critical role in lifting economic growth and employment, and that they would develop approaches to better leverage private sector involvement.
The IMF has slightly lowered the world economic growth projection to 3.6 percent for this year and 3.9 percent for next year, with rising risks facing the emerging market and the advanced economies picking up speed while plagued by persistently low inflation.
Representing more than 80 percent of the global GDP, the G20 nations consist of Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, the United States and the European Union.
The G20 nations said they are monitoring the economic situation in Ukraine, mindful of any risks to economic and financial stability, and welcome the IMF's recent engagement with Ukraine as the authorities work to undertake meaningful reforms.

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