Globe Banner News
World Bank approves $1.16 billion aid package for Bangladesh's sustainable development
By Globe Banner | Dec 19, 2024
The World Bank has approved $1.16 billion in financing to support Bangladesh's development in health services, water and sanitation, and climate resilience.
U.S GDP grows at annual rate of 3% in Q3 amid rising exports
By Globe Banner | Dec 19, 2024
The U.S. Bureau of Economic Analysis reported that the real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the third quarter of 2024.
ANZ provides financial aid after Vanuatu earthquake
By Globe Banner | Dec 19, 2024
ANZ has introduced a financial relief package for individuals impacted by the recent earthquake in Vanuatu.
World Bank approves $700 million credit for Ethiopian financial sector strengthening
By Globe Banner | Dec 19, 2024
The World Bank has announced a substantial increase in its support for Ethiopia's financial sector through a newly approved $700 million credit from the International Development Association (IDA) for the Financial Sector Strengthening Project...
Pandemic Fund announces third funding round with $500 million grant allocation
By Globe Banner | Dec 19, 2024
The Pandemic Fund has announced a new grant envelope of $500 million for its third round of funding, aimed at enhancing health systems in low- and middle-income countries.
Siemens Mobility secures major rail contracts to enhance Thai public transportation
By Globe Banner | Dec 18, 2024
Siemens Mobility, in collaboration with its consortium partners, has secured significant rail contracts in Thailand aimed at transforming the country's public transportation system.
ANZ expands express payments for faster cross-border transactions
By Globe Banner | Dec 18, 2024
ANZ has announced an enhancement to its ANZ Express Payments service, allowing inbound cross-border payments from all AUD Clearing Services customers up to AUD$500 to be processed in near-real time every day of the week.
Indonesia challenges EU duties on fatty acid imports at WTO
By Globe Banner | Dec 18, 2024
Indonesia has submitted a second request for the establishment of a panel to review the European Union's anti-dumping duties on fatty acids imported from Indonesia.
Macquarie provides €420 million financing to Nadara for renewable energy projects
By Globe Banner | Dec 18, 2024
Macquarie Asset Management has agreed to provide approximately €420 million in debt financing to Nadara, a major renewable independent power producer in Europe.
World Bank leads effort for Ganges River Dolphin conservation
By Globe Banner | Dec 18, 2024
In the waters of the Ganges, Brahmaputra, and Meghna River Basin, the Ganges River Dolphin is struggling for survival.
WHO calls for migrant support on International Migrants Day
By Globe Banner | Dec 18, 2024
On December 18, the World Health Organization (WHO), in collaboration with the International Organisation for Migration (IOM), marked International Migrants Day.
IMF reaches preliminary deal with El Salvador for $1.4 billion extended fund facility
By Globe Banner | Dec 18, 2024
An International Monetary Fund (IMF) staff team has reached a staff-level agreement with El Salvador on a 40-month extended arrangement under the Extended Fund Facility (EFF).
World Bank transitions African mining legislation project leadership after successful decade
By Globe Banner | Dec 18, 2024
As global demand for transition minerals increases, African nations like Burkina Faso, Ghana, Morocco, and the Democratic Republic of Congo are poised to benefit significantly.
World Bank outlines key reforms for boosting Uzbekistan's service sector
By Globe Banner | Dec 18, 2024
The World Bank has released a report examining Uzbekistan's services sector, focusing on its development challenges and opportunities.
New database launched to enhance transparency in critical minerals trade
By Globe Banner | Dec 18, 2024
The Asian Development Bank (ADB) and the World Trade Organization (WTO) Secretariat have introduced a new database, the Trade in Critical Minerals (TiCM), to provide comprehensive information on critical minerals trade.
G20 Data Gaps Initiative progresses with focus on climate change
By Globe Banner | Dec 18, 2024
The International Monetary Fund (IMF) has released the Second Progress Report on the Third Phase of the G20 Data Gaps Initiative (DGI-3), as announced by the Inter-Agency Group on Economic and Financial Statistics (IAG) and the Financial Stability...
BMO lowers US dollar prime lending rate to 7.50 percent
By Globe Banner | Dec 18, 2024
BMO Financial Group has announced a reduction in its US dollar prime lending rate.
World Bank supports major road connectivity project in northwestern Honduras
By Globe Banner | Dec 18, 2024
The World Bank has approved a significant project aimed at improving road connectivity in northwestern Honduras.
KfW IPEX-Bank supports Neoen's Australian renewable energy expansion
By Globe Banner | Dec 18, 2024
KfW IPEX-Bank is playing a significant role in the expansion of Neoen's renewable energy portfolio in Australia.
World Bank approves $100M funding for Togo's digital transformation
By Globe Banner | Dec 18, 2024
The World Bank has approved a $100 million financing initiative to support Togo's digital transformation.