News from November 2024
Kenya promotes entrepreneurship among youth through innovative projects
By Globe Banner | Nov 26, 2024
Kenya is addressing the challenge of job quality and youth unemployment, despite a relatively low overall unemployment rate of 5.4% and youth unemployment at 8.4%.
IMF commends Sri Lanka's progress in economic reforms amid ongoing debt restructuring
By Globe Banner | Nov 26, 2024
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), addressed members of the financial community regarding Sri Lanka's economic reform efforts.
IMF concludes Article IV consultation with cautious optimism for Thai economy
By Globe Banner | Nov 26, 2024
An International Monetary Fund (IMF) staff team, led by Corinne Deléchat, has completed the 2024 Article IV Consultation with Thailand.
World Bank funds project for forest revitalization in Tripura and Nagaland
By Globe Banner | Nov 26, 2024
The World Bank's Board of Executive Directors has approved a project aimed at supporting over 700,000 individuals in Tripura and Nagaland, India.
IMF highlights structural reforms needed for Chile’s sustained economic growth
By Globe Banner | Nov 26, 2024
The International Monetary Fund (IMF) has concluded its 2024 Article IV mission to Chile, issuing a statement that outlines the country's current economic status and future prospects.
IMF reaches staff-level agreement with Cabo Verde on credit facility reviews
By Globe Banner | Nov 26, 2024
An International Monetary Fund (IMF) team, led by Justin Tyson, concluded discussions with Cabo Verdean authorities regarding the fifth review under the Extended Credit Facility (ECF) and the second review under the Resilience and Sustainability...
Fossil Fuel Subsidy Reform Initiative reviews progress at final meeting of 2024
By Globe Banner | Nov 26, 2024
Ambassador Clare Kelly of New Zealand, who coordinates the Fossil Fuel Subsidy Reform (FFSR) initiative, shared updates on recent activities aligned with the 13th Ministerial Conference's Ministerial Statement and work program.
Germany's corporate sector boosts climate investments despite hurdles
By Globe Banner | Nov 26, 2024
In 2023, businesses in Germany increased their investments in climate solutions, reaching a total of EUR 85 billion.
Barclays announces new private banking hub opening in Singapore by 2026
By Globe Banner | Nov 26, 2024
Barclays has announced plans to open a new Private Bank booking center in Singapore.
Discussion highlights interconnectedness's role in maintaining global financial stability
By Globe Banner | Nov 26, 2024
Governor, thank you for inviting me to this important symposium.
Fubon's Q3 report shows robust performance across subsidiaries
By Globe Banner | Nov 26, 2024
Fubon Financial Holdings held its investor conference for the third quarter of 2024, presenting unaudited financial results and operational status for the first nine months.
Kiribati considers reforming its copra subsidy program
By Globe Banner | Nov 26, 2024
Kiribati's government is considering changes to its copra subsidy program, a key part of its economic strategy.
ING progresses with share buyback programme in November
By Globe Banner | Nov 26, 2024
ING has reported progress on its €2.0 billion share buyback programme, initially announced on October 31, 2024.
Siemens study: Data gaps hinder progress towards decarbonization
By Globe Banner | Nov 26, 2024
Data availability is a significant obstacle in the path to decarbonization, according to a recent study by Siemens.
IMF projects strong economic growth for Albania amid fiscal challenges
By Globe Banner | Nov 26, 2024
An International Monetary Fund (IMF) mission, led by Anke Weber and including David Bartolini, Fazurin Jamaludin, Jakree Koosakul, and Hasan Toprak, conducted discussions with Albania for the 2024 Article IV Consultation from November 13 to 21.
IMF discusses South Africa's economic challenges during Article IV consultation
By Globe Banner | Nov 26, 2024
An International Monetary Fund (IMF) team, led by Delia Velculescu, recently concluded its visit to South Africa for the 2024 Article IV annual consultation.
Mongolia urged to align monetary and fiscal policies to control inflation
By Globe Banner | Nov 26, 2024
Discussions at the Bank of Mongolia's recent international conference emphasized the need for improved alignment between monetary and fiscal policies to address high inflation.
AIA China receives approval for new branch preparation in Zhejiang
By Globe Banner | Nov 26, 2024
AIA China has received approval from the China Banking and Insurance Regulatory Commission to prepare for a new branch in Zhejiang.
IMF outlines challenges facing Czech Republic's economic recovery
By Globe Banner | Nov 26, 2024
The International Monetary Fund (IMF) has released a concluding statement following its 2024 Article IV mission to the Czech Republic.
Macquarie Bank fined by FCA over unauthorized trading incident
By Globe Banner | Nov 26, 2024
Macquarie Group's UK branch, Macquarie Bank Limited, London Branch, has received a financial penalty from the Financial Conduct Authority (FCA).