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News from 2024


United States grants $845 million aid package to Jordan

Prime Minister Dr. Jafar Hassan and U.S. Ambassador to Jordan Yael Lempert attended the signing of an $845.1 million grant from the United States to Jordan on December 9, marking another milestone in their strategic partnership.


World Bank report suggests investment boost for Kosovo's climate resilience

Investing in climate resilience and transitioning from fossil fuels to renewable energy could significantly benefit Kosovo's economy and protect its citizens from natural hazards, according to a new report by the World Bank Group.


RBC forecasts complex equities landscape amid potential Fed policy shifts

The global equity markets have experienced a rally over the past two years, and RBC Wealth Management suggests that this trend may continue into 2025.


FSB Sub-Saharan Africa Group addresses fraud prevention amid rising scams

The Financial Stability Board (FSB) Regional Consultative Group for Sub-Saharan Africa convened on December 6 in Cape Town, hosted by the South African Reserve Bank.


World Bank approves $30 million aid for The Gambia's economic reforms

The World Bank Group has approved $30 million in financing from the International Development Association (IDA) to assist The Gambia in enhancing its productivity and economic governance.


WTO concludes advanced trade policy course in Geneva

An advanced trade policy course organized by the World Trade Organization (WTO) concluded in Geneva after an intensive eight-week program.


IMF board discusses strategy to enhance fund communication

On November 22, 2024, the Executive Board of the International Monetary Fund (IMF) convened to discuss a paper reviewing the IMF's Communication Strategy.


EU-Mercosur political agreement hailed as significant step forward

After years of challenging negotiations, the European Union and Mercosur have reached a political agreement.


World Bank's Anna Bjerde outlines goals at IDA21 replenishment meeting

Seoul, Korea - December 5, 2024 At the conclusion of the IDA21 replenishment process, Anna Bjerde, World Bank Managing Director of Operations, addressed the meeting by expressing gratitude for the participants' dedication to aiding the world's...


IDA secures $23.7 billion for development projects amid global challenges

The International Development Association (IDA) has announced a significant achievement with the successful completion of its 21st replenishment, securing $23.7 billion in donor contributions.


ANZ appoints Sam Garland as group general manager for internal audit

ANZ has announced the appointment of Sam Garland as Group General Manager, Internal Audit.


German-African Business Summit focuses on collaboration opportunities

The German-African Business Summit (GABS) took place in Nairobi, Kenya, from December 2nd to 4th, 2024.


WTO discusses growth potential of global services trade

In a recent meeting of the Council for Trade in Services, members discussed the report "Trade in Services for Development," co-published by the WTO Secretariat and the World Bank.


IMF completes reviews enabling $198M disbursement to Honduras

The International Monetary Fund (IMF) Executive Board has completed the first and second reviews of Honduras' arrangements under the Extended Fund Facility and Extended Credit Facility.


French-speaking Africa concludes regional WTO workshop on food safety

The regional WTO SPS workshop for French-speaking Africa concluded in Rabat, aiming to improve officials' understanding and implementation of transparency obligations under the SPS Agreement.


Uzbekistan advances toward 2026 WTO membership amid ongoing negotiations

A high-level delegation from Uzbekistan, led by Azizbek Urunov, Special Representative of the Uzbek President on WTO issues and Chief Negotiator for WTO accession, participated in negotiations in Geneva.


Jordan investigates impact of imported footwear on local industry

Jordan has initiated a safeguard investigation concerning the import of safety and protective footwear.


Prudential announces second phase of $2 billion share buyback

Prudential plc has announced the commencement of the second tranche of its US$ 2 billion share buyback programme, allocating US$ 800 million for this phase.


WTO highlights success in technical assistance programmes throughout 2024

DDG Zhang highlighted the achievements of three significant WTO technical assistance programs in 2024.


WTO releases report on agricultural import measures in Panama

The World Trade Organization (WTO) has released a panel report concerning agricultural import measures in Panama.