Globe Banner Reports News
U.S. promotes gender equality in multilateral decision-making spaces
By Globe Banner | Jul 1, 2024
Suzanne B. Goldberg, Senior Advisor and Legal Expert at the U.S. Department of State, addressed an audience in Paraguay on June 25, 2024, emphasizing the importance of gender equality in multilateral decision-making spaces.
Camille Nuamah appointed as World Bank manager for Bolivia
By Globe Banner | Jul 1, 2024
La Paz, July 1, 2024 – Camille Nuamah has assumed the role of World Bank Group Country Manager for Bolivia. This position aims to unify country-level leadership across the institution to better support Bolivia’s public and private sector priorities. The new role provides a single point of contact for accessing the full range of World Bank Group products and services, enhancing the institution's ability to address global challenges and drive development with increased speed, efficiency, and impact.
OAS reaffirms commitment to democracy at its 54th General Assembly
By Globe Banner | Jun 29, 2024
The Inter-American Democratic Charter (IADC), adopted by the Organization of American States (OAS) on September 11, 2001, underscores a collective commitment to democracy in the Americas.
United States underscores commitment at OAS General Assembly
By Globe Banner | Jun 29, 2024
The 54th General Assembly of the Organization of American States (OAS) took place from June 26 to June 28, 2024, in Asunción, Paraguay.
Burkina Faso urged to adopt reforms for sustainable economic transformation
By Globe Banner | Jun 28, 2024
The latest Country Economic Memorandum for Burkina Faso reveals that rapid economic growth over the past two decades has not resulted in the structural transformation needed for future success.
World Bank launches two major economic reports for Burkina Faso
By Globe Banner | Jun 28, 2024
OUAGADOUGOU, June 27, 2024 – The World Bank today launched two significant economic reports for Burkina Faso: the Burkina Faso Economic Update and the Country Economic Memorandum (CEM).
World Bank highlights need for improved public spending on healthcare in Uganda
By Globe Banner | Jun 28, 2024
The Ugandan economy remains resilient and is growing amid intensifying climate shocks and a challenging global environment. The outlook is positive, buoyed by diversified exports and investments in developing oil export infrastructure ahead of the start of oil production in 2025, according to the new World Bank Uganda Economic Update: Improving Public Spending on Health to Build Human Capital. The report notes that real gross domestic product (GDP) growth accelerated from 5.3% in FY22/23 to an estimated 6% in FY23/24. Low inflation and recovery of real income and employment...
NCUA issues prohibition orders against three individuals
By Globe Banner | Jun 28, 2024
The National Credit Union Administration (NCUA) issued one consent and two prohibition notices in June 2024, permanently prohibiting three individuals from participating in the affairs of any federally insured depository institution.
World Bank approves $1.5 billion financing to aid India's low-carbon transition
By Globe Banner | Jun 28, 2024
The World Bank’s Board of Executive Directors has approved $1.5 billion in financing to support India’s transition to low-carbon energy. The operation aims to develop a market for green hydrogen, scale up renewable energy, and stimulate finance for low-carbon investments.
World Bank appoints Dina Abu-Ghaida as new country manager for Yemen
By Globe Banner | Jun 28, 2024
The World Bank Group announced the appointment of Dina Abu-Ghaida as Country Manager for Yemen, a role aimed at unifying country-level leadership to support both public and private sector priorities. Based in Amman, Jordan, Abu-Ghaida will lead the institution’s engagement in Yemen, involving policy dialogue with government officials, civil society, the private sector, and development partners.
WTO members advance sixth review of SPS agreement amid rising trade concerns
By Globe Banner | Jun 28, 2024
Every four years, WTO members review their implementation of the SPS Agreement. The proposed process for the Sixth Review was discussed and adopted by members at an SPS Committee meeting in November 2023.
U.S. releases 2024 report on global human trafficking efforts
By Globe Banner | Jun 28, 2024
The Trafficking in Persons (TIP) Report serves as the U.S. government's main diplomatic and diagnostic tool for addressing human trafficking with foreign governments.
World Bank approves $300M loan for energy transition in China's Shaanxi province
By Globe Banner | Jun 28, 2024
The World Bank’s Board of Executive Directors has approved a US$300 million (€276.5 million) loan to support the transition to renewable and low-carbon energy sources in China’s Shaanxi province's heating sector. The project also aims to pilot a pricing reform program.
U.S. supports Professor Grossman's reelection at OAS General Assembly
By Globe Banner | Jun 28, 2024
Professor Nienke Grossman has been reelected to serve a second term on the Inter-American Juridical Committee during the 54th OAS General Assembly held in Asuncion, Paraguay.
World Bank approves funding for resilient schools and economic recovery in Philippines
By Globe Banner | Jun 28, 2024
The World Bank's Board of Executive Directors has approved funding support for two government projects aimed at ensuring safer and more resilient schools, as well as strengthening economic recovery in the Philippines.
WTO signs MoU with Afreximbank for enhanced cooperation
By Globe Banner | Jun 28, 2024
The Memorandum of Understanding (MoU) was signed by World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala and African Export-Import Bank (Afreximbank) President Benedict Okey Oramah during the 9th Global Review of Aid for Trade, held from June 26-28 in Geneva. The agreement seeks to enhance cooperation between the two entities in food, trade, and fisheries sectors in Africa.
World Bank approves $650 million for Bangladesh's Bay Terminal development
By Globe Banner | Jun 28, 2024
Washington, June 28, 2024—The World Bank’s Board of Executive Directors today approved $650 million to help Bangladesh invest in infrastructure critical for developing the Bay Terminal deep seaport. This development aims to improve Bangladesh's global trade competitiveness and reduce import and export costs by increasing port operational efficiency and mobilizing private investment.
World Bank approves $110 million loan to improve healthcare in Armenia
By Globe Banner | Jun 28, 2024
Washington, June 28, 2024 — The World Bank’s Board of Executive Directors has approved a loan amounting to $110 million (EUR 102 million) to support the Enabling Universal Health Coverage Program for Armenia. This initiative aims to enhance the quality of primary health care, ensure accessible services nationwide, and increase the efficiency of government healthcare spending. It aligns with the Government of Armenia's Five Year Action Plan (2021-2026) and is part of the national Healthcare System Development Strategy.
World Bank approves $200M loan for sustainable fodder production in China's Gansu
By Globe Banner | Jun 28, 2024
The World Bank's Board of Executive Directors has approved a US$200 million (€186.5 million) loan aimed at enhancing productivity, reducing methane and other greenhouse gas (GHG) emissions, and improving climate resilience in the livestock sector of China's Gansu province.
Finland commits EUR 700K to strengthen trade capacities of least developed countries
By Globe Banner | Jun 28, 2024
Finland has committed EUR 700,000 to the Enhanced Integrated Framework (EIF) Interim Facility, a mechanism designed to bridge the gap between the conclusion of Phase Two of the EIF and the establishment of a new multilateral support system for Least Developed Countries (LDCs). This interim facility aims to ensure continued assistance while discussions on a future support mechanism are underway within a taskforce at the World Trade Organization (WTO).