The Monetary Policy Committee has not made such a dramatic reduction in rates since it was set up 11 years ago--the last time borrowing costs fell so fast in one day was in 1993.

FORBES: Market Scan

This broke a taboo on the restructuring of debt to multilateral agencies, and set up a framework for systematic debt reduction in return for overdue economic house-cleaning.

ECONOMIST: For this relief, some thanks

The WHO will set up a high-level group of external advisors on the role of health in poverty reduction.

BBC: WHO launches anti-poverty drive