News from July 2024
IMF & World Bank announce Bretton Woods at 80 initiative
By Globe Banner | Jul 1, 2024
WASHINGTON, July 1, 2024—In recognition of the 80th anniversary of the United Nations Monetary and Financial Conference (the “Bretton Woods Conference”), the International Monetary Fund and the World Bank Group today announced the launch of a consultation tasked with developing a long-term view on the future of the world economy, international cooperation, and the roles of the Bank and the Fund.
U.S., Timor-Leste defense forces unite for CARAT maritime exercise
By Globe Banner | Jul 1, 2024
The U.S. Navy and Timor-Leste Defense Force are collaborating in the Cooperation Afloat Readiness and Training (CARAT) Exercise in Timor-Leste, marking the 30th year of this exercise series.
Nordea to release half-year financial results on July 15
By Globe Banner | Jul 1, 2024
Nordea Bank is set to release its half-year financial results for 2024 on July 15.
Sustainable initiatives transform livelihoods for Amazonian communities
By Globe Banner | Jul 1, 2024
Roberto Brito de Mendonça, 48, a community leader from Tumbira, inherited the logging trade from his father and grandfather. For 26 years, he endured many hungry nights in the forest. By day, he cut down trees that would sell for a fair price in the market. This all changed in 2010 when the Bolsa Floresta Program (PBF), a public policy from the Brazilian state of Amazonas, provided resources and training for the community to develop sustainable, community-based businesses, including tourism.
US highlights commitment to human rights at IACHR's 65th anniversary
By Globe Banner | Jul 1, 2024
Suzanne B. Goldberg, Senior Advisor at the U.S. Department of State, delivered remarks on June 25, 2024, commemorating the 65th anniversary of the Inter-American Commission on Human Rights (IACHR).
World Bank Group launches unified guarantee platform aiming for $20 billion annual issuance
By Globe Banner | Jul 1, 2024
Starting today, the World Bank Group (WBG) guarantee platform is operational. The platform, hosted by the Multilateral Investment Guarantee Agency (MIGA), consolidates products and expertise from the World Bank, International Finance Corporation (IFC), and MIGA to enhance simplicity, efficiency, and speed in development financing. It aims to increase WBG annual guarantee issuance to $20 billion by 2030.
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.