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Tweet 7 Views no discussions Share Share Share NewsRegional IMF approves US$15.1 million disbursement to Haiti by: – March 22, 2012 Sharing is caring! Haitian map. WASHINGTON, USA — The executive board of the International Monetary Fund (IMF) completed the second and third reviews of Haiti’s performance under the extended credit facility (ECF) arrangement on March 19, 2012. Completion of the reviews will enable an immediate disbursement of SDR 9.83 million (about US$15.1 million), bringing total disbursements under the program to date to SDR 26.21 million (about US$40.3 million).Haiti’s ECF arrangement was approved on July 21, 2010, together with the full relief on the country’s outstanding debt to the Fund of about SDR 178 million (equivalent to US$274 million). The debt relief and IMF financing are part of a broad international strategy to support Haiti’s longer-term economic reconstruction plans, following the devastating earthquake of January 12, 2010.Following the executive board discussion on Haiti, Naoyuki Shinohara, deputy managing director and acting chair, issued the following statement:“Haiti’s economy continues to recover. The sustained efforts of the authorities and the international community have helped rekindle growth, keep inflation at single digits levels, and strengthen the fiscal and external accounts. However, the reconstruction and the pace of implementation of structural reforms have generally been slower than anticipated, reflecting predominantly the protracted electoral process and the country’s limited administrative and absorptive capacity.“Significant challenges remain. Most Haitians live below the poverty line, and, two years after the earthquake, more than half a million people are still living in temporary shelters. Health and sanitary conditions remain poor. While favorable, the economic outlook remains subject to risks, including a weaker global economic environment and a deterioration in the domestic political and security situations. Pursuit of appropriate macroeconomic policies, acceleration of the reconstruction, and a steady implementation of structural reforms, as well as continuous engagement from the international community, will help support the recovery and lay the foundations for long-term sustainable development.“The government’s macroeconomic policy mix for 2012 remains appropriate. Higher government revenue and continued non-priority spending restraint will help create additional fiscal space to ramp up spending on poverty-related and other priority projects. Monetary policy remains geared toward containing inflation in single digits. Increased flexibility in the exchange rate will help manage capital inflows, absorb external shocks, and improve monetary policy effectiveness.“The structural reform agenda focuses on strengthening revenue administration; enhancing institutional capacity for better public investment implementation and monitoring; improving public financial management and economic governance; and strengthening the financial sector.”Caribbean News Now
Meanwhile, Gov. Esteban Evan Contreras clarifiedthe situation to the public yesterday as he advised them to refrain fromposting, sending and sharing unverified information or reports and “fake news”through short message services and social media sites./PN BY MERLINDA BAGNATE Therelease of the result is expected within 48 to 72 hours, it said. ProvincialHealth officer Dr. Samuel Delfin said the PUI, a 51-year-old man who had atravel history in Hong Kong and Macau from Jan. 25 to Jan. 29, is still underhospital quarantine and in good condition. Accordingto PHO-Capiz, all collected specimen from the patient were sent last Feb. 3 tothe Research Institute for Tropical Medicine in Alabang, Muntinlupa City forlaboratory confirmation. The PHO-Capiz made the statementyesterday following reports from social media that the first person underinvestigation (PUI) was reported positive of the disease. ROXAS City– There is no confirmed case yet of the 2019 novel coronavirus acuterespiratory disease in Capiz, the Provincial Health Office (PHO) here said.
By Ed OsmondLONDON, England (Reuters) – England’s batting frailties were exposed again as they wasted a solid start and laboured to 271 for eight on the first day of the final Ashes Test against Australia at The Oval yesterday.The Australians, who have retained the Ashes, dropped England captain Joe Root three times as he made 57 but the hosts failed to take full advantage and only Jos Buttler’s late unbeaten 64 saved them from complete collapse.“The boys batted really well in the morning and we got ourselves into a fantastic position but could not capitalise,” Buttler said. “Both sides are feeling a long series with a quick turnaround between Tests so that’s why the intensity goes up and down. Australia have a really good bowling attack and asked questions all day. It’s frustrating for us not being able to capitalise on our start.”Medium-pacer Mitchell Marsh took four wickets to boost Australia’s bid to secure a 3-1 series win after their captain Tim Paine won the toss and surprisingly sent England in to bat. Pat Cummins and Josh Hazlewood bowled tidy opening spells but the touring side’s vaunted pace attack lacked the consistent threat which has caused problems for England’s fragile top order throughout the series.Joe Denly, on 14, played a loose stroke at a wide delivery from Cummins and edged to second slip where Steve Smith fumbled the chance before grabbing the ball before it hit the ground.The opening partnership of 27 was the highest of the series but it was another failure for the 33-year-old Denly, who made battling fifties in the last two Tests without staking a claim to a long-term place in the team.CHARMED LIFERoot, badly dropped on 24 by Peter Siddle at fine leg, after playing a casual pull stroke, was also put down by wicketkeeper Paine off Cummins and England reached lunch at 86-1.Root was given another life when Smith spilled a sharp chance in the slips but Rory Burns hit seven fours in another determined knock. The young opening batsman was three runs away from his half-century when he got cramped up by a short ball from Hazlewood and spooned a simple catch to Marsh at mid-wicket.Ben Stokes, loudly cheered to the wicket after his match-winning century in the third Test, cautiously moved to 20 before he was tempted into a wild heave at medium-pacer Marsh and the ball looped off a leading edge to point.Root got to a patient fifty, off 105 balls, and his side moved on to 169-3 at tea, but any hopes England had of a substantial score disappeared in the final session. Root was bowled by a fine Cummins delivery which hit his off stump and Jonny Bairstow was trapped lbw for 22 by a Marsh yorker.Sam Curran hooked Cummins for an audacious six, but two deliveries later the young all-rounder was adjudged lbw, only to be recalled to the crease because Cummins had bowled a no-ball.His reprieve was short-lived, however, as Curran edged Marsh to Smith at second slip for 15 and the same bowler snared Chris Woakes lbw to claim his fourth wicket on his recall to the side.“I was like a kid at Christmas this morning,” Marsh said. “It can be a long tour when you are not playing. I just wanted to try and get an opportunity at some stage and it was nice to produce today. The ball came out reasonably well.” Jofra Archer then nicked Hazlewood to Paine before Buttler briefly lifted the crowd by hitting Hazlewood for two sixes in a row.Buttler pulled Hazlewood over the ropes again to reach his fifty and with Jack Leach providing obdurate support, the ninth-wicket pair shared an unbroken stand of 45 to boost England’s chances of levelling the series.ENGLAND 1st innings R. Burns c Marsh b Hazlewood 47J. Denly c Smith b Cummins 14J. Root (c) b Cummins 57B. Stokes c Lyon b Marsh 20J. Bairstow lbw b Marsh 22J. Buttler not out 64S. Curran c Smith b Marsh 15C. Woakes lbw b Marsh 2J. Archer c Paine b Hazlewood 9M. Leach not out 10Extras: (b-2, lb-7, nb-2) 11Total: (8 wickets, 82 overs) 271Fall of wickets: 1-27, 2-103, 3-130, 4-170, 5-176, 6-199, 7-205, 8-226.Bowling: P. Cummins 22.5-5-73-2, J. Hazlewood 21-7-76-2, P Siddle 17-1-61-0, M. Marsh 16.1-4-35-4, N. Lyon 4-0-12-0, M. Labuschagne 1-0-5-0.
Claude Le Roy’s side managed a 1-0 victory over the Black Meteors of Ghana on Sunday in regulation time and eventually saw them off the Olympic Games 5-4 on penalties in Brazzaville the capital city of Congo.Ghana entered the second leg of the qualifiers with a 1-0 home advantage, but the Congolese shattered their dream of progressing to the next stage of the qualifiers through Sylvere Ganvoula’s goal.Penalty shootout which has been the bane of the national teams of Ghana, again denied Malik Jabir’s team from progressing, as they lost 4-5 from the spot kicks.Black Meteors last qualified for the Summer Olympic Games in Athens 2014, when they were drawn in a group with Paraguay, Italy and Japan, but couldn’t go through the group stage.Congo therefore qualify to the final stage of the Rio 2016 qualifiers and will face Nigeria’s Dream Team.