News from September 2024
Patton: 'Hate thrives in environments where communities are divided'
By Globe Banner Reports | Sep 26, 2024
Damien Patton, founder and former CEO of Banjo, said the key to combatting the rise in extremism and hate groups is to offer forgiveness to those who people who associated with such groups in the past.
Uruguay's Ceibal initiative highlights benefits of tech in education
By Globe Banner | Sep 26, 2024
Ceibal, Uruguay’s digital education initiative, offers valuable lessons for countries seeking to leverage technology for improved learning outcomes and educational equity. This brief explores Ceibal's journey from its initial goal of providing laptops to every student and teacher to its evolution into a comprehensive platform for educational innovation.
World Bank Group expands partnership with IFRS Foundation on sustainability standards
By Globe Banner | Sep 26, 2024
The World Bank Group and the IFRS Foundation have announced their commitment to expand their partnership towards adopting sustainability standards in emerging markets and developing economies (EMDEs). This announcement was made during New York Climate Week.
BEA reports U.S GDP growth at annual rate of three percent for second quarter
By Globe Banner | Sep 26, 2024
The U.S. Bureau of Economic Analysis (BEA) has released its third estimate for the second quarter of 2024, showing a 3.0 percent annual increase in real gross domestic product (GDP). This follows a revised 1.6 percent increase in the first quarter.
World Bank supports Serbia with EUR 25 million for innovation growth
By Globe Banner | Sep 26, 2024
Serbia is set to enhance its international competitiveness and accelerate economic growth by strengthening the links between scientists and innovators, supporting artificial intelligence (AI) solutions and biotechnology, and mobilizing private capital. The World Bank has approved EUR 25 million in additional financing through the Serbia Accelerating Innovation and Growth Entrepreneurship (SAIGE) Project to support these efforts.
World Bank continues extensive support efforts for Afghan people
By Globe Banner | Sep 26, 2024
The World Bank Group has provided over $1.7 billion in support to the Afghan people since August 2021, focusing on service delivery for women and girls. The funds are managed outside the control of the Interim Taliban Administration (ITA).
Azerbaijan progresses towards WTO membership
By Globe Banner | Sep 26, 2024
Samad Bashirli, Deputy Minister of Economy and newly appointed WTO Chief Negotiator, led Azerbaijan's high-level delegation to Geneva for the Working Party meeting. This meeting occurred 14 months after the previous one in July 2023, which marked the resumption of accession negotiations following a six-year gap. The delegation included Azerbaijan's Ambassador to the WTO, Galib Israfilov, senior government officials, and experts from various ministries and agencies.
World Bank highlights economic benefits of nature-based tourism
By Globe Banner | Sep 26, 2024
Nature-based tourism is emerging as a significant driver for economic development and biodiversity conservation, according to recent findings. In areas rich in natural assets but with limited economic opportunities, nature-based tourism can create jobs and diversify rural economies. The spending by tourists on activities, transportation, food, and accommodation benefits local communities by generating jobs and income. This ripple effect extends to both poor and non-poor households.
International bodies update WTO Committee on global food security challenges
By Globe Banner | Sep 26, 2024
The Chair of the Committee, Ms. Anna Leung of Hong Kong, China, facilitated discussions on various farm policies and food security measures.
UN agencies collaborate with EU & World Bank Group against gender-based violence
By Globe Banner | Sep 26, 2024
The United Nations, European Commission, and World Bank Group have announced a joint commitment to prioritize gender equality and the eradication of violence against women and girls as part of their cooperation efforts. This initiative aligns with the 2030 Agenda for Sustainable Development.
World Bank debars three Indian IT firms over collusive practices
By Globe Banner | Sep 26, 2024
The World Bank Group has announced the 15-month debarment of three India-based IT companies—Venus Softwares, Venus IT Solutions Private Limited, and Zytron Systems. This action is in response to collusive practices related to the West Bengal Institutional Strengthening of Gram Panchayats Program II in India.
Governments urge increased investment in Latin American education at UN summit
By Globe Banner | Sep 26, 2024
On the sidelines of the 79th session of the United Nations General Assembly and the Summit of the Future, governments and multilateral organizations have called for increased financing for education in Latin America and the Caribbean. The Dominican Republic and Chile, supported by UNICEF, UNESCO, ECLAC, IDB, World Bank, CAF, OEI, CLADE, and Varkey Foundation, emphasized education as crucial for achieving Sustainable Development Goal 4.
World Bank approves $1.57 billion funding package for Nigeria
By Globe Banner | Sep 26, 2024
The World Bank has approved three operations totaling $1.57 billion to aid Nigeria in enhancing health outcomes, dam safety, and irrigation services. The financing includes $500 million for the HOPE-GOV program, $570 million for the Primary Healthcare Provision Strengthening Program (HOPE-PHC), and $500 million for the Sustainable Power and Irrigation for Nigeria Project (SPIN).
Apollo, Atlas SP Partners, and BNP Paribas announce $5 billion collaboration
By Globe Banner | Sep 26, 2024
Apollo Global Management, Atlas SP Partners, and BNP Paribas have announced a strategic collaboration focusing on financing and capital markets. This partnership involves a commitment of $5 billion to support their joint initiatives.
League of American Workers Founder: 'The proud patriots of Moldova reject multilateralism'
By Globe Banner Reports | Sep 25, 2024
The head of the League of American Workers (LAW) said a recent poll that found declining support for Moldova's accession to the European Union (EU) shows that "patriotic populist nationalism" is accelerating across the globe.
European buyout fundraising on rise after decline in 2023
By Globe Banner | Sep 25, 2024
Buyout fundraising in Europe shows increasing levels after a decline in 2023, with mid-market private equity firm Inflexion hitting its hard cap.
Uber announces major update to enhance driver and courier experience
By E. F. Cullerton | Sep 25, 2024
Uber has announced a series of comprehensive updates aimed at improving the experience for its more than 7 million drivers and couriers worldwide.
Congressman: American imprisoned in Nigeria 'hasn’t been given the rights that they guarantee him by their own constitution'
By Globe Banner | Sep 25, 2024
U.S. Representative Rich McCormick said that a Binance employee and former U.S. federal agent imprisoned in Nigeria is being denied rights guaranteed by Nigerian law. McCormick shared his statement during a Congressional hearing on September 19.
Uruguay advances digital transformation through e-government initiatives
By Globe Banner | Sep 25, 2024
Uruguay's government has made significant strides in digital transformation, particularly during the COVID-19 pandemic. Efforts to bridge the digital divide have enabled citizens to access essential services without traveling long distances, allowed rural children to continue their education from home, and helped small businesses streamline operations.
New resources launched to measure early childhood development
By Globe Banner | Sep 25, 2024
The Anchor Items for the Measurement of Early Childhood Development (AIM-ECD) are tools designed to help countries assess and improve early childhood development. AIM-ECD includes two free tools: the Caregiver Report (CR) and the Child Direct Assessment (DA). These tools measure early literacy, early numeracy, executive functioning, and social-emotional development in children aged 4 to 6.