Globe Banner Reports News
Serbia receives $65 million from World Bank for railway maintenance
By Globe Banner | Sep 3, 2024
Serbia will enhance the maintenance of its railway infrastructure with a new $65 million support from the World Bank. This funding represents the second tranche of the Multiphase Programmatic Approach (MPA) for Serbia Railway Sector Modernization Project, aimed at building a safer, more efficient, and climate-friendly rail sector.
World Bank appoints Qimiao Fan as country director for Kenya, Rwanda, Somalia & Uganda
By Globe Banner | Sep 2, 2024
Nairobi, September 2, 2024 – The World Bank has appointed Mr. Qimiao Fan as the new Country Director for Kenya, Rwanda, Somalia, and Uganda, effective September 1, 2024. Mr. Fan, who has over 35 years of experience in development practice, will oversee the design and implementation of the World Bank’s support program to the four countries that has an active portfolio consisting of 102 projects totaling $17.2 billion.
Wealth Management author: 'The Bitcoin bulls are back'
By Globe Banner | Sep 1, 2024
Lark Davis, author of the Wealth Management newsletter, said BlackRock's recent large purchases of Bitcoin for its Bitcoin exchange-traded fund (ETF) signal that investors are feeling optimistic about increases in cryptocurrency prices. Davis shared his statement in an Aug. 27 post on X.
World Bank outlines strategies for Paraguay’s economic transformation
By Globe Banner | Sep 1, 2024
Paraguay is positioned for a promising future, with abundant natural resources, a young population, and a stable macroeconomic environment. However, to fully realize its potential, the country needs to adopt a new growth strategy that prioritizes productivity, resilience, and sustainability.
World Bank outlines policy recommendations for Mongolia's sustainable development vision
By Globe Banner | Aug 31, 2024
The World Bank Group has prepared a series of Policy Notes to address a range of issues and provide actionable recommendations for Mongolia's new government, formed in July 2024. These notes aim to assist the government in diversifying and strengthening national assets beyond the mining sector to meet the country's sustainable and green development goals, as outlined in Mongolia’s Vision 2050 and New Recovery Policy objectives.
Binance announces Hong Kong Police recognition for aid in kidnapping case
By Globe Banner | Aug 30, 2024
Binance announced receiving a letter of appreciation from the Hong Kong Police for assisting in a recent kidnapping investigation.
World Bank delegation emphasizes strong development engagement during visit to Haiti
By Globe Banner | Aug 30, 2024
Port-au-Prince, Haiti, 30 August 2024 — Director for the World Bank’s International Development Association (IDA) Resource Mobilization, Dirk Reinermann, completed a three-day visit to Haiti on Friday, August 30. During the visit, priorities of the new administration were discussed and the World Bank’s commitment to continue fighting against extreme poverty in Haiti was underscored.
U.S citizens abroad urged to register for upcoming November election
By Globe Banner | Aug 30, 2024
With the November 2024 election approaching, U.S. citizens residing overseas still have time to register and vote.
Timor-Leste becomes World Trade Organization's newest member
By Globe Banner | Aug 30, 2024
Deputy Prime Minister Francisco Kalbuadi Lay of Timor-Leste handed to WTO Director-General Ngozi Okonjo-Iweala the instrument of acceptance of its Protocol of Accession at a meeting of the General Council on July 22, 2024.
World Bank announces $415 million aid for Ukrainian education amid ongoing conflict
By Globe Banner | Aug 30, 2024
WASHINGTON, August 30, 2024—A new $415 million education program to improve primary and secondary education in Ukraine will reach one million students, teachers, and school staff, the World Bank announced today.
US Bureau reports rise in income and consumer expenditures for July
By Globe Banner | Aug 30, 2024
Personal income increased by $75.1 billion, or 0.3 percent at a monthly rate, in July 2024, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), which is personal income less personal current taxes, rose by $54.8 billion (0.3 percent) and personal consumption expenditures (PCE) increased by $103.8 billion (0.5 percent).
NCUA prohibits former credit union employee from working in federally insured institutions
By Globe Banner | Aug 30, 2024
The National Credit Union Administration (NCUA) has permanently prohibited Luz Araceli Davila-Hernandez, a former employee of Magnifi Financial Credit Union in Melrose, Minnesota, from participating in the affairs of any federally insured depository institution. This action was taken through an Order of Prohibition.
World Bank warns against fraudulent scheme in DR Congo
By Globe Banner | Aug 30, 2024
KINSHASA, August 30, 2024: Following recent reports linking an entity calling itself "Pan-African Investment Program" to the World Bank in the Democratic Republic of Congo, the World Bank is warning the general public of ongoing scams. This entity claims to be recruiting local companies for a project to "build ten schools per province," falsely associated with World Bank financing.
U.S. Embassy extends vehicle procurement bid deadline in Ashgabat
By Globe Banner | Aug 30, 2024
The United States Embassy in Turkmenistan has announced an extension for the solicitation RFQ: PR12732344 concerning the procurement of a cargo van and warehouse box truck for the Ashgabat Post.
Tokenization of real-world assets poised for rapid growth, report finds
By Globe Banner | Aug 29, 2024
A report by Roland Berger in October 2023 announced the market value of tokenized assets is projected to surpass $10 trillion by 2030, signaling significant growth and adoption.
Binance CEO on employee detained in Nigeria: 'authorities are refusing to provide him access to his legal counsel'
By Globe Banner | Aug 29, 2024
Binance CEO Richard Teng stated that Tigran Gambaryan, the company's head of financial crime compliance who has been detained in Nigeria since February 26, is being denied appropriate medical care, legal counsel, and consular access. Teng shared his statement in an August 27 post on Binance's website.
Digital technology's role in transforming global food systems
By Globe Banner | Aug 29, 2024
The global food system faces significant challenges, with inefficiencies and waste prevalent despite increased output. Abundance and hunger coexist, highlighting a core issue: unequal access to information among farmers and within markets. These inflexible systems result in high transaction costs.
FFIEC issues updated IT guidance for financial institutions
By Globe Banner | Aug 29, 2024
The Federal Financial Institutions Examination Council (FFIEC) has released a new booklet aimed at aiding examiners in assessing information technology practices within financial institutions. The "Development, Acquisition, and Maintenance" booklet outlines fundamental examination expectations related to development and acquisition planning and execution, governance and risk management, as well as maintenance and change management practices.
World Bank highlights gaps in climate finance among emerging market banks
By Globe Banner | Aug 29, 2024
WASHINGTON, August 29, 2024 — In almost 60% of banks in Emerging Market and Developing Economies (EMDEs), lending for climate-related investment accounts for less than 5% of their overall portfolios, and more than one-quarter offer no climate financing at all, according to a new World Bank report.
World Bank aids Batken region in post-conflict recovery
By Globe Banner | Aug 29, 2024
Баткенская область Кыргызской Республики, расположенная на юго-западе страны и граничащая с Таджикистаном и Узбекистаном, известна своими горными пейзажами и культурным разнообразием. Однако этот регион остается малоразвитым и сталкивается с серьезными вызовами, особенно после конфликта вдоль кыргызско-таджикской границы в сентябре 2022 года. Конфликт привел к гибели десятков людей и разрушению объектов социальной инфраструктуры, таких как школы, детские сады и медицинские учреждения. Этот кризис значительно повлиял на местных жителей, нарушив процесс обучения и ограничив...