SOUTH ASIA: India's neighbours in ‘most failed states’ list of US magazine!

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June 21, 2011 / PTI, New York / DC.

'Pakistan is often a danger to it's own people,' the report says. In this picture, evidence and body parts are gathered by a member of the Pakistani bomb disposal squad, at the site of a recent suicide bombing in Islamabad, Pakistan - AP.

India's neighbours – Pakistan, Bangladesh, Nepal and Sri Lanka – are featured in the list of the ‘most failed states’, according to the annual ranking prepared by the Foreign Policy magazine.

Pakistan is at number 12, Myanmar is at 18, Bangladesh (25); Nepal (27), Sri Lanka (29) and Bhutan is at 50 in a list of 60 countries in which African countries dominate.

Other countries in the top 10 are Chad, Sudan, Democratic Republic of Congo, Haiti, Zimbabwe, Afghanistan Central African Republic and Iraq.

On Pakistan, the report said, "Pakistan has long been dubbed the world's most dangerous country in Washington policy circles" and "yet Pakistan isn't just dangerous for the West – it’s often a danger to its own people."

Full Story at,

http://www.deccanchronicle.com/channels/world/asia/indias-neighbours-%E2%80%98most-failed-states%E2%80%99-list-us-magazine-718

BRICS' open revolt against European grip on IMF!

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Narayan Lakshman / The Hindu

Paris: The International Monetary Fund's Executive Directors from the BRICS economies have openly revolted against the prospect of the Fund's Managing Director role reverting to a European, deepening the woes of an organisation that was recently rocked to its very core by the resignation of Dominique Strauss-Kahn as its chief following sexual assault allegations.

In an unprecedentedly explicit articulation of long-standing resentment over the convention of selecting the MD, “in practice, on the basis of nationality,” IMF Directors from India, China, Russia, Brazil and South Africa (BRICS) said in a public statement that this “undermines the legitimacy of the Fund.”

The BRICS group, including India representative Arvind Virmani, called for the abandonment of the “obsolete unwritten convention,” that required the head of the IMF necessarily to be 

from Europe. There has been no reaction yet from any other quarter within the IMF.

Full story at,

http://www.hindu.com/2011/05/26/stories/2011052668572100.htm