The Asian Development Bank (ADB) has approved the establishment of a regional credit guarantee and investment trust fund in Asia to boost long-term investment in the region, ADB announced here Wednesday. The trust fund, called Credit Guarantee and Investment Facility (CGIF), includes a contribution of 130 million U.S. dollars from the ADB, and the combined contribution of 570 million U.S. dollars from the ASEAN nations as well as China, Japan and the Republic of Korea (ASEAN+3). (Philippines-ADB-Investment) TUNIS -- The World Bank said on Tuesday innovation and a push into higher-value technology are necessary to Tunisia to spur growth enough to cut the jobless rate, especially among university graduates. 'Innovation and investment in technology are the appropriate solutions to achieve a higher growth rate able to reduce unemployment, particularly among university graduates,' the bank said in its report. (Tunisia-Employment ) ATHENS -- Greece will continue borrowing from international markets without hurdles, Finance Minister George Papaconstantinou said Tuesday. The minister made the announcement after the successful auction of 26- and 52-week treasury bills worth 1.2 billion euros earlier in the day. 'The government has not asked for the activation of the EU-IMF mechanism, even though it is there, available, if needed,' Papaconstantinou said. (Greece- Minister-Debts) MADRID -- The governor of the Bank of Spain on Tuesday said the high unemployment rate remains a serious problem though Spain seems to be climbing out of the economic crisis. Spain has more than 4 million jobless people, accounting for nearly 20 percent of the total workforce. Governor Miguel Angel Fernandez Ordonez described the high unemployment rate as 'the main risk that hangs over Spanish credit institutions.' (Spain- Unemployment Rate) LONDON -- The British deficit on trade in goods and services declined to 2.1 billion pounds in February, compared with a deficit of 3.9 billion pounds in the previous month, the Office for National Statistics (ONS) reported on Tuesday. The report showed that the Britain's surplus on trade in services was 4.1 billion pounds in February, compared with a surplus of 4.2 billion in January. The deficit on trade in goods was 6.2 billion pound in February, the smallest since June 2006, compared with a deficit of 8.1 billion in January. (Britain- Trade Deficit) 