WASHINGTON -- The International Monetary Fund (IMF) on Wednesday revised down its 2020 forecast for the Asian economy to a contraction of 2.2 percent.

The IMF's latest Regional Economic Outlook shows that a recovery started in the third quarter, though growth engines are not all firing with the same strength across all countries, leading to a "multispeed recovery," Jonathan D. Ostry, acting director of the IMF's Asia and Pacific Department, said during a virtual news conference. (IMF-Asia-Economy)

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NUR-SULTAN -- Kazakh President Kassym-Jomart Tokayev on Wednesday signed a decree to set Jan. 10, 2021 as the date for the next election of the parliament's lower house, or Majilis, the presidential press service said in a statement.

With candidate nomination for the upcoming election starting on Nov. 10, all political parties have enough time to prepare for the election campaign, the statement said, calling on Kazakh citizens to actively take part. (Kazakhstan-Parliamentary Election)

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DAR ES SALAAM -- Tanzanian Prime Minister Kassim Majaliwa has said plans are afoot to build a new 1,000 kilometer railway line in the south of the country.

Feasibility studies and architectural designs for the construction of the railway line have been completed, according to a statement issued by the Prime Minister's office on Wednesday. (Tanzania-Railway)

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MOSCOW -- Russia on Wednesday confirmed its readiness to continue negotiations with the United States on the extension of the New Strategic Arms Reduction Treaty.

"This topic is of strategic nature and global significance. It is in the interests of not only our two countries but also global security and stability," Kremlin spokesman Dmitry Peskov told a daily briefing. (Russia-US-Arms Control) Enditem

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