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2008-08-10 Reports from Developing Countries
    2008-08-10 10:53:40     CRIENGLISH.com


Now let's hear some other news from the developing world.

Afghanistan and India have agreed to jointly fight terrorism.

According to a statement from the Afghan Presidential Palace, the leaders expressed their determination to fight terrorism jointly and with all the forces at their command.

The statement released on Monday, after the Afghan President Hamid Karzai paid an official visit to India from Aug. 3-5 at the invitation of Indian Prime Minister Manmohan Singh.

It is the first meeting between the two leaders after the deadly terrorist attack against the Indian embassy in Afghanistan in early July.

Indonesia and Australia have agreed to introduce reciprocal work and holiday visa arrangements.

Once the agreement is signed and comes into effect, university-educated Australian and Indonesian travelers who are aged between 18 and 30 would be able to work and holiday in each others country for up to 12 months.

There will be an annual limit of 100 work and holiday visas for both countries but this figure will be reviewed each year.

Uganda's inflation rate remains high despite the central bank's controlling efforts.

Fuelled by worldwide rising food and fuel prices, the inflation rate peaked to a three-year high of 13.7 percent in July. This resource comes from the state-owned New Vision daily on Wednesday.

The Bank of Uganda, the country's central bank, said it would tackle the high inflation rate by ensuring the monetary policy remained tight in line with what the economy needs to move forward.

However as the country nears the festive season, economists still worry that increasing demand for food and imported products will keeps inflation rate high in the future.

And that concludes this edition of  Reports from Developing Countries, brought to you by China Radio International. For more news and in-depth reports, please visit us online at crienglish.com. I'm Jack Guard in Beijing. Thanks for listening.

 


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