News from 2024
What You Need to Know About CCDR Investment Estimates and the Role of the Private Sector
By Globe Banner | May 1, 2024
On May 1, 2024, the World Bank Group delved into the complexities of CCDR investment estimates and the pivotal role the private sector is expected to play in advancing climate finance goals.Discussing the findings from the completion of CCDRs covering 42 economies, experts highlighted the continued trend of larger climate-development financing needs in countries that have contributed least to global warming. Stéphane Hallegatte, David Groves, Camilla Knudsen, and Ammara Shariq emphasized the importance of international concessional finance for low and middle-income...
WTO and ADB strengthen collaboration for sustainable economic growth
By Globe Banner | May 1, 2024
The World Trade Organization (WTO) and the Asian Development Bank (ADB) have solidified their partnership to bolster sustainable economic growth through a Memorandum of Understanding (MoU) signed by key representatives.The MoU, inked by WTO Deputy Director-General Jean-Marie Paugam and ADB Vice-President (Sectors and Themes) Fatima Yasmin, signifies a deeper strategic alliance focusing on regional cooperation, trade, economic integration, and the trade and environment agenda to benefit their respective memberships and observers.Paugam expressed his enthusiasm for this...
Papua New Guinea Urged to Increase Investment in Education to Address Human Capital Crisis
By Globe Banner | May 1, 2024
Papua New Guinea is facing a critical human capital crisis, as highlighted in the May 2024 edition of the Papua New Guinea Economic Update by the World Bank. The report emphasizes the urgent need for more substantial investments in education to secure the country's long-term economic future.The Economic Update forecasts a positive outlook for Papua New Guinea's economy in 2024, despite a slowdown experienced in the previous year. However, the report underscores the importance of prioritizing education to ensure sustainable growth and development in the nation.A...
EnerCom Announces Mike Wirth as Keynote Speaker at Energy Investment Conference
By Globe Banner | May 1, 2024
EnerCom, Inc. has announced that Mike Wirth, Chairman and Chief Executive Officer of Chevron, will be the keynote speaker at the 29th Annual EnerCom Denver - The Energy Investment Conference. The event is scheduled to take place on August 20, 2024, at The Westin Denver Downtown.Wirth's participation in the conference was confirmed by EnerCom, emphasizing his significant role in the energy industry. According to the announcement, institutional investors, portfolio managers, financial analysts, CIOs, and other industry professionals are encouraged to register for the...
NCUA Announces Registration Open for 2024 Diversity, Equity, and Inclusion Summit
By Globe Banner | May 1, 2024
Registration is now open for the National Credit Union Administration’s fifth summit focused on diversity, equity, and inclusion, scheduled to take place from July 9 to 11, 2024, at the Hilton Minneapolis in Minneapolis, Minn. The event aims to provide a platform for stakeholders to address and promote DEI principles within the credit union system and the NCUA.Chairman Todd M. Harper emphasized the importance of participation in this year's Summit, stating, "I encourage all stakeholders to participate in this year’s Summit, deepen their commitment to DEI principles, and...
U.S. Embassy announces online auction starting May 1, 2024
By Globe Banner | May 1, 2024
The U.S. Embassy has announced plans to conduct an auction starting on May 1, 2024.
BillingPlatform Wins Silver Stevie® Award in 2024 American Business Awards
By Globe Banner | May 1, 2024
BillingPlatform, a leading enterprise revenue lifecycle management platform, has been honored as a Silver Stevie® Award winner in the Company of the Year - Computer Software category at the 22nd Annual American Business Awards®. This marks BillingPlatform's fourth consecutive win at the ABAs.Judges praised BillingPlatform for its innovation and leadership in the billing and revenue management space. They highlighted the company's flexibility and cutting-edge cloud-based platform, which allows businesses to customize billing solutions to their specific needs. Dennis Wall,...
New World Bank Report Urges Ghana to Bolster Health System Resilience in Face of Climate Change
By Globe Banner | Apr 30, 2024
A new World Bank report released today highlights the urgent need for Ghana to strengthen its health system in response to the challenges posed by climate change. Titled Climate and Health Vulnerability Assessment (CHVA) for Ghana, the report emphasizes the risks and gaps in the country's health sector and offers recommendations for policy actions to enhance resilience.The report points out that climate change in Ghana is leading to extreme weather events such as floods and droughts, resulting in food insecurity, injuries, and the risk of death for 2 million people. It...
BBB National Programs Applauds Launch of Global CBPR Forum
By Globe Banner | Apr 30, 2024
MCLEAN, Va. , April 30, 2024 /PRNewswire/ -- BBB National Programs has commended the U.S. Department of Commerce's initiative to establish the Global Cross Border Privacy Rules (CBPR) Forum, marking a significant step in enhancing international collaboration on cross-border data flows.Dona Fraser, Senior Vice President, Privacy Initiatives at BBB National Programs, emphasized the pivotal role of data privacy in international business operations, stating, "In an economy where businesses extend operations across borders, data privacy is the cornerstone of trust and...
Intensified Preparations for 2024 Global Review of Aid for Trade
By Globe Banner | Apr 30, 2024
Preparations for the upcoming 2024 Global Review of Aid for Trade are well underway. The World Trade Organization (WTO) Secretariat has outlined the agenda for the event, which includes high-level plenaries and expert discussions focusing on the role of trade in food security, digital connectivity, and development strategies. Over 300 speakers are expected to participate, with WTO Director-General Ngozi Okonjo-Iweala and OECD Secretary-General Mathias Cormann set to launch the joint flagship report, "Aid-for-Trade at a Glance."
Aid for Trade Global Review to discuss trade mainstreaming, food security, connectivity
By Globe Banner | Apr 30, 2024
The upcoming Aid for Trade Global Review, scheduled for April 30, 2024, will be a significant event focusing on trade mainstreaming, food security, and connectivity. The event will feature four high-level plenaries and close to 55 sessions over two and a half days, bringing together ministers, heads of international agencies, and trade and development experts.According to Director-General Ngozi Okonjo-Iweala, the event aims to examine the support provided to developing economies to enhance their trade capacity, with a particular focus on the financing needs and how the...
Powerful Coalition Launched to Drive African Development, Fueled by IDA
By Globe Banner | Apr 30, 2024
On April 29 in Nairobi, Kenya, African leaders and finance ministers gathered to discuss economic reforms aimed at accelerating the continent's development. The summit, co-hosted by Kenya and the World Bank, highlighted Africa's potential for growth and transformation.Dr. William Ruto, President of Kenya, expressed the urgency for change, stating, “Our people and we, the leaders of Africa, are impatient for change and we want to transform the continent at this moment of tremendous opportunities.”Sellah Bogonko, CEO of Jacob’s Ladder, emphasized the importance of...
Markets4you Teams Up with AB de Villiers to Celebrate 17 Years in Business
By Globe Banner | Apr 30, 2024
Markets4you, a prominent multi-asset trading platform, has marked its 17th anniversary by collaborating with South African cricket legend AB de Villiers as its brand ambassador. This partnership signifies a shared commitment to excellence, passion, and dedication in their respective fields.Marina Strausa, CEO of Markets4you, expressed her excitement about the collaboration, stating, "Partnering with AB de Villiers represents a significant milestone for us, symbolizing establishing a deep and meaningful relationship." She emphasized how AB's talent and sportsmanship align...
Costa Rica and the World Bank Group Renew Partnership to Promote More Inclusive and Sustainable Economic Growth
By Globe Banner | Apr 30, 2024
WASHINGTON, D.C., April 30, 2024 – The World Bank Group (WBG) and Costa Rica have renewed their partnership through the endorsement of the Costa Rica Country Partnership Framework 2024–2028. According to Nogui Acosta, Costa Rica’s Minister of Finance, the new strategy aims to promote private sector-led economic growth, strengthen human capital, and build resilience to various challenges.Acosta stated, “The partnership between Costa Rica and the World Bank underscores our commitment to more broad-based, sustainable growth. To preserve the country’s social contract and...
Impartner Continues Winning Streak, Securing Prestigious Industry Accolades
By Globe Banner | Apr 30, 2024
SALT LAKE CITY, April 30, 2024 /PRNewswire/ -- Impartner, the fastest-growing and most award-winning provider of reseller and partner management technologies, has recently added to its list of accolades, showcasing its dedication to innovation and excellence in the industry.The company was honored with the Gold Stevie® Award in the Business-to-Business Product category at the 22nd Annual American Business Awards® for its Google for the Channel and Partner Marketing Automation solutions. According to Impartner's Vice President of Product, Gary Sabin, "It's truly rewarding...
Hybrid Integration Platform Market Projected to Reach $20.49 billion by 2030
By Globe Banner | Apr 30, 2024
A report by 360iResearch has projected that the Hybrid Integration Platform (HIP) market is set to grow from $9.98 billion in 2023 to $20.49 billion by 2030, at a CAGR of 10.82% over the forecast period. The rise of HIPs is transforming the business landscape, enabling seamless integration across various services, data, and applications. This innovative approach allows organizations to enhance their IT infrastructure and embrace the efficiency of cloud services, driving digital transformation efforts worldwide.Governments globally are leveraging HIPs to spearhead digital...
The World Bank Reinforces Its Support for the Development of Resilient Tourism and Blue Economy in Cabo Verde
By Globe Banner | Apr 30, 2024
WASHINGTON, April 30, 2024 - Today, the World Bank has approved a credit from the International Development Association in the amount of $30 million for the Second Additional Financing of the Resilient Tourism and Blue Economy Development Project in Cabo Verde, increasing the overall value of this project, initially approved in May 2022, to $75 million.This new funding emphasizes the importance of tourism and its connections to the blue economy. Its main goal is to support Cabo Verde's overarching strategies for sustainable tourism and the blue economy, as outlined in the...
World Bank and ARTF Provide Additional Financing to the Afghanistan Community Resilience and Livelihoods Project
By Globe Banner | Apr 30, 2024
WASHINGTON, April 30, 2024—The World Bank’s Board of Executive Directors approved a $84 million grant from the International Development Association for the Afghanistan Community Resilience and Livelihoods Project, which complements $70 million in additional financing from the Afghanistan Resilience Trust Fund.Melinda Good, World Bank Country Director for Afghanistan, expressed, "In the past 18 months, the project has laid the foundation for an effective service delivery platform and operational model at scale for delivering jobs, providing essential services and assets,...
NEPAL: Government, Development Partners Launch Public Expenditure and Financial Accountability Assessments
By Globe Banner | Apr 30, 2024
Nepal has a robust legislative and institutional framework for public financial management, but further reforms are needed to strengthen fiscal and budget outcomes to support green, resilient, and inclusive development, as stated in the third Public Expenditure and Financial Accountability (PEFA) Performance Assessment Reports.During the launch of the PEFA reports, Honorable Barsha Man Pun, Minister of Finance, emphasized the importance of public financial management, stating, “Public financial management has the power to change people's lives and livelihoods.” Minister...
Lao Economic Growth Remains Subdued Says World Bank Report
By Globe Banner | Apr 30, 2024
Economic growth in the Lao People's Democratic Republic (PDR) has been below 2019 levels and is expected to continue at a slow pace in 2024, according to a report released by the World Bank. The report, titled "Accelerating Reforms for Growth," highlights various factors contributing to the subdued growth in the country.The World Bank stated that Lao GDP grew by 3.7% in 2023, with positive contributions from sectors such as tourism, transport, logistics, and mining. However, challenges such as economic instability, low worker skills, out-migration of labor, and a...