News from 2024
IMF concludes Article IV consultation with UAE; endorses positive economic outlook
By Globe Banner | Dec 5, 2024
On July 11, 2024, the Executive Board of the International Monetary Fund (IMF) concluded its Article IV consultation with the United Arab Emirates (UAE).
Stefan Wintels' contract as CEO extended by KfW until September 2029
By Globe Banner | Dec 5, 2024
KfW's Board of Supervisory Directors has confirmed the extension of Stefan Wintels' term as Chief Executive Officer until September 30, 2029.
HSBC completes another phase in global reorganisation
By Globe Banner | Dec 5, 2024
HSBC has announced the completion of the next stage in its global reorganisation, focusing on International Wealth and Premier Banking (IWPB).
Regional trade policy course concludes successfully in Saudi Arabia
By Globe Banner | Dec 5, 2024
A regional trade policy course concluded in Saudi Arabia, providing participants with training on various trade-related topics.
Siemens partners with CAF for Metro de Madrid train propulsion systems
By Globe Banner | Dec 5, 2024
Siemens Mobility has announced its collaboration with CAF to provide propulsion systems for the new trains of Metro de Madrid.
Debt-for-development swaps: A solution for countries struggling with high debts
By Globe Banner | Dec 5, 2024
Countries facing high debt levels often struggle to invest in crucial sectors such as education, healthcare, and climate action.
World Bank launches 'Mission 300' aiming electrification for millions in Africa
By Globe Banner | Dec 5, 2024
As global leaders convene at COP29 in Baku, a significant focus for Africa is the acceleration of access to reliable and sustainable electricity.
Siemens named leader in IoT platforms for building management
By Globe Banner | Dec 5, 2024
Siemens has been recognized as a leader in the field of IoT digital platforms for building operations.
FSB releases report on global resolution regimes; lists key insurers
By Globe Banner | Dec 5, 2024
The Financial Stability Board (FSB) has released its 2024 Resolution Report, detailing progress in resolution reforms and outlining future priorities.
Small grants empower indigenous communities in Cambodia
By Globe Banner | Dec 5, 2024
Ethnic villages in northern Cambodia are benefiting from grants provided by the World Bank and Japan Social Development Fund, which aim to support local livelihoods.
World Bank funds $660M project for low-carbon rail expansion in Türkiye
By Globe Banner | Dec 5, 2024
The World Bank has approved $660 million in financing to aid Türkiye in expanding its electric rail transportation.
NCUA reports rise in credit union loans; net income declines
By Globe Banner | Dec 5, 2024
The National Credit Union Administration (NCUA) has released its financial performance data for the third quarter of 2024.
World Bank amplifies efforts towards climate-smart agriculture
By Globe Banner | Dec 5, 2024
The World Bank is intensifying its focus on climate-smart agriculture, a sector that combines reducing emissions, enhancing resilience, and boosting productivity.
Côte d’Ivoire partners with World Bank for innovative debt-for-development swap
By Globe Banner | Dec 5, 2024
Côte d'Ivoire is set to implement a debt-for-development swap with the support of the World Bank Group, aimed at improving its debt profile and channeling funds towards education.
Himachal Pradesh boosts apple cultivation with international support
By Globe Banner | Dec 5, 2024
India's northern state of Himachal Pradesh, known as the "Apple State," has long relied on apple cultivation as a vital part of its economy.
World Bank raises $24B through record-breaking IDA replenishment
By Globe Banner | Dec 5, 2024
The World Bank Group has announced the successful 21st replenishment of the International Development Association (IDA), raising $24 billion in donor contributions.
Sun Life supports Northeastern University's efforts to improve healthcare access
By Globe Banner | Dec 5, 2024
Sun Life U.S. has announced a $50,000 donation to Northeastern University's Roux Institute in support of its Gap Year program, which aims to enhance healthcare access across Maine.
Yuanta FHC promotes sustainable supply chain at third supplier conference
By Globe Banner | Dec 5, 2024
Yuanta Financial Holding Company (FHC) is making strides in becoming a benchmark enterprise for environmental, social, and governance (ESG) standards.
UK housing trends show increased spending amid rising costs
By Globe Banner | Dec 5, 2024
Rent and mortgage spending in the UK increased by 8.2% year-on-year in November, according to the latest Barclays Property Insights report.
World Bank funds $250M project for Türkiye's public health emergency readiness
By Globe Banner | Dec 5, 2024
The World Bank has approved a $250 million financing package aimed at enhancing Türkiye's preparedness for public health emergencies.