News from September 2024
World Bank appoints Qimiao Fan as country director for Kenya, Rwanda, Somalia & Uganda
By Globe Banner | Sep 2, 2024
Nairobi, September 2, 2024 – The World Bank has appointed Mr. Qimiao Fan as the new Country Director for Kenya, Rwanda, Somalia, and Uganda, effective September 1, 2024. Mr. Fan, who has over 35 years of experience in development practice, will oversee the design and implementation of the World Bank’s support program to the four countries that has an active portfolio consisting of 102 projects totaling $17.2 billion.
Wealth Management author: 'The Bitcoin bulls are back'
By Globe Banner | Sep 1, 2024
Lark Davis, author of the Wealth Management newsletter, said BlackRock's recent large purchases of Bitcoin for its Bitcoin exchange-traded fund (ETF) signal that investors are feeling optimistic about increases in cryptocurrency prices. Davis shared his statement in an Aug. 27 post on X.
World Bank outlines strategies for Paraguay’s economic transformation
By Globe Banner | Sep 1, 2024
Paraguay is positioned for a promising future, with abundant natural resources, a young population, and a stable macroeconomic environment. However, to fully realize its potential, the country needs to adopt a new growth strategy that prioritizes productivity, resilience, and sustainability.