Globe Banner News
IMFC discusses global economy amid conflicts at fiftieth meeting
By Globe Banner | Oct 25, 2024
In Washington, D.C., on October 24 and 25, the Fiftieth Meeting of the International Monetary and Financial Committee (IMFC) convened to discuss global macroeconomic challenges.
IMF projects steady growth for Sub-Saharan Africa amid reform challenges
By Globe Banner | Oct 25, 2024
Sub-Saharan Africa's economic growth is expected to remain at 3.6 percent in 2024, according to the International Monetary Fund's (IMF) latest Regional Economic Outlook for the region.
Taiwanese children's programs gain international acclaim at Ketagalan Boulevard event
By Globe Banner | Oct 25, 2024
On October 19, the "Big FUN Ketagalan Boulevard - Children's Future City" event took place at Ketagalan Boulevard, attracting many families.
IMF reports subdued growth in sub-Saharan Africa amid reform challenges
By Globe Banner | Oct 25, 2024
On October 25, 2024, the International Monetary Fund (IMF) released its Regional Economic Outlook for sub-Saharan Africa.
Chair addresses key challenges at IMF-World Bank annual meetings
By Globe Banner | Oct 25, 2024
On October 25, 2024, the Chair of the Boards of Governors addressed the plenary session of the International Monetary Fund (IMF) and World Bank Group's annual meetings.
Latvia boosts contribution to World Bank fund by 60% amid global crises
By Globe Banner | Oct 25, 2024
Latvia has committed to increasing its financial contribution to the International Development Association (IDA) by 60%, amounting to €9.48 million.
IMF's Georgieva to speak at 2024 annual meetings plenary
By Globe Banner | Oct 25, 2024
Annual Meetings Chairman Ahmed Munawar, Chairperson and Governor of the Maldives Monetary Authority, World Bank Group President Ajay Banga, and Managing Director of the International Monetary Fund Kristalina Georgieva are set to speak at the plenary session of the Annual Meetings in Washington D.C. on October 25th.
World Bank focuses on jobs and gender at Annual Meetings
By Globe Banner | Oct 25, 2024
The World Bank Group's recent Annual Meetings showcased significant progress in its reform agenda and introduced a new focus on job creation.
Netherlands Trainee Programme participants visit The Hague for trade policy study
By Globe Banner | Oct 25, 2024
The Netherlands Trainee Programme (NTP) participants recently embarked on a study visit to The Hague.
SEC appeals Ripple Labs decision after $125 million penalty imposed
By Globe Banner | Oct 25, 2024
On October 2, just one hour after SEC Enforcement Chief Gurbir Grewal announced his resignation, the Securities and Exchange Commission (SEC) filed an appeal with the United States Court of Appeals for the Second Circuit, contesting the Southern District of New York's August decision that imposed a $125 million penalty on Ripple Labs, Inc.
World Bank sets targets for women's economic empowerment by 2030
By Globe Banner | Oct 24, 2024
The World Bank Group has announced the initial steps for implementing its Gender Strategy 2030, aiming to enhance economic opportunities for women globally.
International bodies propose coordinated approach on climate action in new joint report
By Globe Banner | Oct 24, 2024
Five international organizations have released a significant report detailing potential coordinated approaches to climate action, carbon pricing, and the cross-border effects of climate change mitigation policies. The report was presented by the Joint Task Force on Climate Action, Carbon Pricing, and Policy Spillovers, convened by the World Trade Organization (WTO) and joined by the International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations Conference on Trade and Development (UNCTAD), and the World Bank.
World Bank launches strategy for women's economic empowerment by 2030
By Globe Banner | Oct 24, 2024
The World Bank Group has announced its Gender Strategy 2030, aiming to enhance economic opportunities for women by 2030. The initiative was introduced at the 2024 World Bank Group Annual Meetings and focuses on three main areas: broadband access, social protection, and capital provision.
Spain increases financial commitment to International Development Association by nearly 40
By Globe Banner | Oct 24, 2024
Spain has announced a financial commitment of €400 million to the International Development Association (IDA), marking a 37% increase from its previous contribution.
Trade facilitation meeting addresses digitalization efforts
By Globe Banner | Oct 24, 2024
China, El Salvador, Georgia, Jamaica, and Japan have shared their national experiences with digitalization in the "Single Window for Trade Facilitation" process at a recent committee meeting.
New ad highlights benefits of zero international transaction fees
By Globe Banner | Oct 24, 2024
Australia is witnessing a new development in the world of finance as an advertisement titled "Hussle free" makes waves.
German-Indian collaboration advances India's transition to renewable energy
By Globe Banner | Oct 24, 2024
India's solar energy potential is being harnessed through a partnership with KfW, which has provided EUR 1 billion in subsidized loans from 2017 to 2023.
WTO begins advanced trade policy course focused on practical applications
By Globe Banner | Oct 24, 2024
The World Trade Organization (WTO) has commenced its advanced trade policy course in Geneva. The program emphasizes case-based learning and practical application of WTO agreements, aiming to enhance participants' analytical and negotiation skills. Through discussions, simulations, and case studies, attendees gain hands-on experience with WTO tools and databases.
World Bank reviews Nepal's human capital for economic growth
By Globe Banner | Oct 24, 2024
The World Bank Group has released the Nepal Human Capital Review (NHCR) as part of its global Human Capital Project. This initiative highlights the importance of investing in people to boost economic growth and prosperity through improved education, health, and nutrition. The review aims to understand why income inequalities persist and why many Nepalis remain in poverty.
Spain boosts financial pledge by nearly 40% for international development association
By Globe Banner | Oct 24, 2024
Spain has announced an early financial commitment of €400 million to the International Development Association (IDA), the World Bank's fund for low-income countries. This represents a 37% increase compared to the previous IDA replenishment cycle, highlighting Spain's ongoing dedication to sustainable development worldwide. With this contribution, Spain's total donations exceed €5 billion since IDA's inception.