Globe Banner News
Sweden and Iceland invest in World Bank's hybrid capital
By Globe Banner | Oct 26, 2024
Sweden and Iceland have announced their commitments to invest in hybrid capital, a financial product that significantly enhances the World Bank's lending capacity.
Uzbekistan accelerates WTO accession efforts through significant economic reforms
By Globe Banner | Oct 26, 2024
Uzbekistan's efforts to join the World Trade Organization (WTO) were discussed at a high-level event in Washington D.C., with Deputy Director-General (DDG) Hill highlighting the country's progress.
Rogun hydropower plant project progresses towards regional energy security
By Globe Banner | Oct 26, 2024
Tajikistan is progressing with the Rogun Hydropower Plant Project, which aims to enhance energy security and promote renewable energy in Central Asia.
Uzbekistan advances toward WTO membership amid ongoing economic reforms
By Globe Banner | Oct 26, 2024
The 2024 Annual Meetings of the World Bank Group and the International Monetary Fund included a discussion on Uzbekistan's path to accession to the World Trade Organization (WTO).
Yuanta Group wins 14 National Brand Yushan Awards across multiple categories
By Globe Banner | Oct 25, 2024
Yuanta Financial Holding Company (FHC) and its subsidiaries have received recognition at the 21st National Brand Yushan Awards, securing a total of fourteen awards.
Japan partners with World Bank in $1B portfolio guarantee deal
By Globe Banner | Oct 25, 2024
Japan has entered into a $1 billion portfolio guarantee agreement with the World Bank, aimed at enhancing financing for projects that tackle global challenges.
World Bank Conclave focuses on equipping youth with essential future job skills
By Globe Banner | Oct 25, 2024
In a rapidly evolving world influenced by digital technology, climate change, and fragility, the youth face new challenges and opportunities.
Binance CEO: 'deeply relieved and grateful that Tigran Gambaryan has finally been released' from Nigerian prison
By Globe Banner | Oct 25, 2024
Binance CEO Richard Teng expressed gratitude to all parties involved in securing the release of Tigran Gambaryan, Binance's head of financial crime compliance, from Nigeria. Gambaryan had been detained since February. Teng shared his statement in an October 24 post on X.
WTO-IFC collaboration aims to enhance supply chain financing for small businesses
By Globe Banner | Oct 25, 2024
The World Trade Organization (WTO) and the International Finance Corporation (IFC) have been working together to improve access to supply chain finance, as highlighted by WTO Director-General Ngozi Okonjo-Iweala.
Japan commits $1 billion guarantee with World Bank for global projects
By Globe Banner | Oct 25, 2024
Japan has entered into a $1 billion portfolio guarantee agreement with the World Bank, aimed at increasing financing for projects that tackle global challenges.
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.