News from 2024
World Bank supports Uzbek solar project with $3.5M guarantee
By Globe Banner | Dec 23, 2024
The World Bank has approved $3.5 million in financing for Uzbekistan to support the development of renewable energy through a payment guarantee.
IMF concludes reviews of Paraguay's policy consultation instrument and resilience facility
By Globe Banner | Dec 23, 2024
The International Monetary Fund (IMF) Executive Board has concluded its fourth review under the Policy Consultation Instrument (PCI) arrangement and the second review under the Resilience and Sustainability Facility (RSF) arrangement for Paraguay.
IMF concludes Article IV consultation with Kosovo
By Globe Banner | Dec 23, 2024
The International Monetary Fund (IMF) Executive Board has concluded the 2024 Article IV Consultation and the Third Reviews under the Stand-By Arrangement (SBA) and Resilience and Sustainability Facility (RSF) with Kosovo.
IMF sets new general resources account access limits
By Globe Banner | Dec 23, 2024
The International Monetary Fund (IMF) Executive Board has completed its 2024 Comprehensive Review of the General Resources Account (GRA) Access Limits.
World Bank provides $900M loan for sustainability projects in Bangladesh
By Globe Banner | Dec 23, 2024
Bangladesh and the World Bank have signed two financing agreements totaling $900 million to enhance environmental sustainability, inclusive growth, and climate resilience in the country.
IMF assesses Australia's economy amid slow growth and inflation concerns
By Globe Banner | Dec 23, 2024
The International Monetary Fund (IMF) Executive Board has concluded its Article IV consultation with Australia, endorsing the staff appraisal without a meeting on a lapse-of-time basis.
Overcoming psychological barriers in charitable giving
By Globe Banner | Dec 21, 2024
Philanthropy is undergoing significant changes, driven by societal shifts and an unprecedented wealth transfer.
Yuanta FHC wins national award for sustainability efforts
By Globe Banner | Dec 20, 2024
Yuanta Financial Holding Company (FHC) has been recognized with a National Sustainable Development Award by Taiwan's National Council for Sustainable Development, known as the Sustainability Council.
IMF reviews The Gambia's extended credit facility amid strengthening economic recovery
By Globe Banner | Dec 20, 2024
The International Monetary Fund (IMF) Executive Board has completed the second review of The Gambia's Extended Credit Facility (ECF).
World Bank report addresses challenges in Central Africa's forestry sector
By Globe Banner | Dec 20, 2024
The World Bank has released the seventh edition of the CEMAC Economic Barometer, a report analyzing economic conditions in the Central African Economic and Monetary Community (CEMAC) region.
EU-Switzerland deal updates sectoral participation in Single Market
By Globe Banner | Dec 20, 2024
The European Union and Switzerland have reached a consensus on a set of agreements that facilitate Swiss companies' involvement in the Single Market.
IMF approves sixth review of extended fund facility for Ukraine
By Globe Banner | Dec 20, 2024
The International Monetary Fund (IMF) Executive Board has completed the sixth review of Ukraine's Extended Fund Facility (EFF), allowing the country to access an additional US$1.1 billion.
IMF completes first review under ECF arrangement for Togo
By Globe Banner | Dec 20, 2024
The International Monetary Fund (IMF) Executive Board has completed the first review of Togo's Extended Credit Facility (ECF) arrangement, enabling an immediate disbursement of SDR 44.0 million, approximately US$ 58.7 million, for budget support.
World Bank supports Amaravati's growth into an economic hub
By Globe Banner | Dec 20, 2024
The Government of India has sought assistance from the World Bank to develop Amaravati as a new economic hub and state capital for Andhra Pradesh.
Crystal Simeoni shares wisdom with African women economists at TAP-AAAWE webinar
By Globe Banner | Dec 20, 2024
Recently, the Think Africa Partnership (TAP) and the Association for the Advancement of African Women Economists (AAAWE) hosted a webinar titled "African Women in the Economics Profession."
BlackRock Foundation supports economic mobility in underserved rural communities
By Globe Banner | Dec 20, 2024
The BlackRock Foundation has announced a $1.5 million grant over two years to Partners for Rural Impact (PRI), a national organization focused on improving outcomes for children and youth in rural communities across the United States.
World Bank approves $800M loan for Amaravati City development
By Globe Banner | Dec 20, 2024
The World Bank's Board of Executive Directors has approved an $800 million program to support the development of Amaravati City in Andhra Pradesh, India.
Yuanta FHC honored with national award for sustainability efforts
By Globe Banner | Dec 20, 2024
Yuanta Financial Holding Company (FHC) has been recognized with a National Sustainable Development Award by Taiwan's National Council for Sustainable Development, also known as the Sustainability Council.
Coinbase CLO: 'The incoming administration has the opportunity to reverse so many poor crypto policy decisions'
By Globe Banner | Dec 19, 2024
Paul Grewal, Chief Legal Officer at Coinbase, said in a December 6 post on X that the incoming administration has the opportunity to reverse regulatory decisions that have negatively impacted the cryptocurrency industry.
Binance and Circle announce strategic partnership to advance USDC adoption and crypto innovation
By Globe Banner | Dec 19, 2024
Circle and Binance have announced a strategic partnership to expand the availability of USD Coin (USDC) on Binance’s platform for trading, saving, and payments.