News from August 2024
World Bank collaborates with Indigenous Peoples on new resilience framework
By Globe Banner | Aug 8, 2024
Indigenous Peoples have demonstrated resilience and made significant contributions to the sustainability of the planet, despite persistent threats to their peoples, cultures, and ways of life. Although they have contributed little to climate change and have made notable efforts in climate mitigation, Indigenous Peoples are disproportionately impacted by climate shocks and disasters.
Framework highlights indigenous peoples' role in global climate resilience
By Globe Banner | Aug 7, 2024
When a Category 5 hurricane struck the Caribbean Coast, multiple Indigenous communities faced significant destruction. A Miskitu Indigenous leader recounted, “All I could see were fragments of what were once our homes, reduced to tiny pieces of wood.”
WTO announces first cohort of Young Trade Leaders
By Globe Banner | Aug 7, 2024
The World Trade Organization (WTO) has announced the first cohort of its Young Trade Leaders Programme, established to engage young people with the organization's work and promote a better understanding of its role in supporting international trade.
World Bank launches reports on Cameroon's economy highlighting need for fiscal reforms
By Globe Banner | Aug 6, 2024
YAOUNDÉ, August 6, 2024 - The World Bank has launched two flagship economic reports: the 2024 Cameroon Economic Update and the Cameroon Public Finance Review.
U.S. delivers military aid worth $3.1 million to Ecuador
By Globe Banner | Aug 6, 2024
Representatives from the United States Embassy in Ecuador have delivered $3.1 million worth of equipment and infrastructure support to the Ecuadorian Armed Forces.
Anne-Lucie Lefebvre appointed as World Bank Country Manager for Haiti
By Globe Banner | Aug 6, 2024
Anne-Lucie Lefebvre has been appointed as World Bank Country Manager for Haiti, based in Port au Prince. In her new role, Lefebvre is responsible for leading the Bank’s dialogue with the government and working closely with key development partners and stakeholders.
Biden reaffirms U.S. support for Jordan in call with King Abdullah
By Globe Banner | Aug 6, 2024
President Biden engaged in a conversation with King Abdullah II of Jordan.
U.S trade deficit decreases slightly as exports outpace import growth
By Globe Banner | Aug 6, 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $73.1 billion in June, down $1.9 billion from $75.0 billion in May, revised.
Nepal signs $100 million deal with World Bank for road improvement
By Globe Banner | Aug 5, 2024
KATHMANDU, August 5, 2024—The Government of Nepal and the World Bank today signed a financing agreement for a US$100 million concessional loan from the International Development Association (IDA) to improve the connectivity, efficiency, resilience, and safety of Nepal’s provincial and local road network. The project also aims to strengthen the government’s capacity to manage this infrastructure.
WTO's 2024 Public Forum registration closes on August 23
By Globe Banner | Aug 5, 2024
The 2024 Public Forum, themed “Re-globalization: Better Trade for a Better World,” will be held in person at the World Trade Organization (WTO) headquarters in Geneva. The online registration form, mandatory for all participants, closes on August 23.
Eastern Caribbean schools embrace digital transformation with World Bank support
By Globe Banner | Aug 5, 2024
Nestled amid Saint Lucia's lush greenery, the vibrantly colored classrooms of Vide Bouteille Primary School host over 300 young learners from kindergarten to sixth grade. Ten-year-old Ayan skillfully watches real-time scores from a math app on her tablet as they are reflected on the interactive board at the front of the room. She says she's eager to become a veterinarian.
Binance announces Binance Labs investment in aPriori
By Globe Banner | Aug 3, 2024
Binance announced that Binance Labs has invested in aPriori, a project developing MEV-powered liquid staking solutions on the Monad Ethereum-compatible platform. aPriori was incubated during Season 6 of the Binance Labs Incubation Program.
U.S. Embassy in Turkmenistan announces upcoming playground project solicitation
By Globe Banner | Aug 2, 2024
The Embassy of the United States in Turkmenistan has issued a pre-solicitation notice, PPR12772380, concerning the design-build service for a playground in Ashgabat.
Elizabeth Rood begins role as US ambassador to Turkmenistan
By Globe Banner | Aug 2, 2024
United States Ambassador Elizabeth Rood has commenced her duties in Turkmenistan following her arrival on July 24.
U.S. Embassy announces upcoming vehicle procurement solicitation in Turkmenistan
By Globe Banner | Aug 2, 2024
The United States Embassy in Turkmenistan has announced a pre-solicitation notice for vehicle procurement, specifically a cargo van and a warehouse box truck.
Homeboy CEO: Stopping gang violence is about 'love, kinship, compassion'
By Globe Banner | Aug 1, 2024
Thomas Vozzo, the CEO of Homeboy Industries, said stopping and preventing gang violence and criminals is about "love, kinship, compassion" and meeting people where they are at.
Leveraging international trade for sustainable growth in South Africa
By Globe Banner | Aug 1, 2024
International trade can be a powerful force for economic growth and poverty reduction. This report, “Unlocking South Africa’s Potential: Leveraging Trade for Inclusive Growth and Resilience,” synthesizes analytical work carried out over the last four years. It provides an overview of South Africa’s export performance over the past decade for both goods and services and discusses how trade policies and trade facilitation reforms can support robust, inclusive, and resilient economic growth in South Africa. In a changing world marked by unprecedented supply chain disruptions...
World Bank appoints Anne Tully as new country manager for Myanmar
By Globe Banner | Aug 1, 2024
The World Bank has appointed Anne Tully as its new Country Manager for Myanmar, effective August 7, 2024.
Thailand advances sustainable finance initiatives amid global trends
By Globe Banner | Aug 1, 2024
In the evolving landscape of sustainable finance, Thailand is actively integrating environmental, social, and governance (ESG) factors into its financial sector. Authorities and market players are making strides to align with global trends and regional standards.
U.S. Embassy in Turkmenistan seeks bids for hand dryer contract
By Globe Banner | Aug 1, 2024
The U.S. Embassy in Turkmenistan has issued a request for quotations for the procurement of hand dryers, under solicitation number PR12769849.