News & Events
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IMF says Britain no longer faces recession this year
The International Monetary Fund (IMF) revises its previous prediction stating that it no longer anticipates a recession in Britain for this year. The IMF commended the government’s efforts to stabilise the economy, combat inflation and cautioned against implementing tax cuts before the upcoming elections. According to the IMF, the country’s gross domestic product (GDP) is now expected to grow by 0.4% in 2023, in contrast to the earlier forecast of a 0.3% contraction made in April.
Read the original article here: https://www.reuters.com/world/uk/imf-says-uk-no-longer-heading-recession-2023-2023-05-23/
Papua New Guinea, Fiji confer highest civilian awards on PM Modi
During a regional summit in Port Moresby, India’s Prime Minister Narendra Modi engaged in meetings with his counterparts from Papua New Guinea, Fiji, and New Zealand. The discussions aimed to explore avenues for enhanced cooperation and address regional concerns. In a special ceremony at Government House, the Governor-General of Papua New Guinea, Bob Dadae, bestowed upon Modi the esteemed Grand Companion of the Order of Logohu, the highest civilian award in the country, with recipients being granted the title of “chief.”
Furthermore, Modi held his inaugural bilateral meeting with Fiji’s Prime Minister, Sitiveni Rabuka, where the two leaders assessed the progress of their countries’ development partnership. In a gesture of recognition, on behalf of the Fijian president, Rabuka conferred upon Modi the Companion of the Order of Fiji, the highest honour in Fiji. Modi graciously dedicated this distinction to the people of India and the generations of Indo-Fijians who have played a pivotal role in fostering the special bond between the two nations.
Read the original article here: https://www.hindustantimes.com/india-news/indian-pm-modi-holds-meetings-with-pacific-island-leaders-to-deepen-cooperation-and-discuss-regional-issues-101684770679468-amp.html
Julia Charlton shares insights and expertise at RCS Asia Regional Conference 2023 in Singapore
Chairman of the Commonwealth Chamber of Commerce, Julia Charlton, at the RCS Asia Regional Conference 2023 in Singapore shared thoughts on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) of which over half the participating countries are Commonwealthwealth members in a panel on “The Commonwealth Advantage”. Fellow panellists were Ben Delo, British entrepreneur, mathematician and philanthropist who highlighted the Commonwealth opportunities in the UK Indo-Pacific tilt, Andrew Wells, Secretary-General of the Commonwealth Chamber of Commerce in Hong Kong and Hari Om Dahiya, President, Commonwealth Chambers of Commerce, India. The two-day event featured a range of discussions and dialogue about the future of the Commonwealth and the synergistic opportunities that await!
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