News from 2024
Amazonia Bonds: New guidelines aim to finance sustainable projects in the region
By Globe Banner | Oct 29, 2024
The Inter-American Development Bank (IDB) and the World Bank have unveiled guidelines for Amazonia Bonds, a new capital markets instrument aimed at financing activities that positively impact local communities, biodiversity, and zero deforestation...
WTO highlights low compliance with subsidy notification obligations
By Globe Banner | Oct 29, 2024
The recent committee meeting spotlighted issues related to transparency and subsidy notification compliance under the WTO's SCM Agreement.
Nepal secures $150M from World Bank to boost disaster resilience
By Globe Banner | Oct 29, 2024
The Government of Nepal and the World Bank have formalized a US$150 million financing agreement aimed at enhancing Nepal's disaster response capabilities.
Paraguay joins IMF's Special Data Dissemination Standard
By Globe Banner | Oct 29, 2024
On October 28, Paraguay joined the International Monetary Fund's (IMF) Special Data Dissemination Standard (SDDS), becoming the 49th country to do so.
World Bank aids Haitian displaced with essential WASH support
By Globe Banner | Oct 29, 2024
Marie Jeanne Montrose, a widow with four children, is among the many displaced individuals in Port-au-Prince, Haiti.
World Bank forecasts declining commodity prices amid global slowdown
By Globe Banner | Oct 29, 2024
The World Bank has released its latest Commodity Markets Outlook, predicting a continued decline in most commodity prices into 2025. This follows a period of exceptional growth between 2021 and mid-2022. According to the report, energy prices are projected to drop by 14% next year after an expected fall of 26% this year.
Blackstone closes first series U.S. direct lending fund with $22 billion
By Globe Banner | Oct 29, 2024
Blackstone has announced the final closure of the first series of its U.S. direct lending fund, Blackstone Senior Direct Lending Fund (BXD), amassing $22 billion in investable capital.
U.S. Treasury Secretary Yellen: 'We’re now doing everything we can to lower costs for American families'
By Globe Banner | Oct 29, 2024
In a speech at the Council on Foreign Relations, U.S. Treasury Secretary Janet L. Yellen discussed the Biden-Harris Administration’s international economic policy, particularly its alignment with domestic economic objectives.
US contributes $180K for global food safety through SPS standards
By Globe Banner | Oct 28, 2024
The United States has contributed USD 180,000 to support food, animal, and plant health standards in developing countries.
U.S., Turkmenistan host first creative technology festival
By Globe Banner | Oct 28, 2024
The U.S. Embassy and Dashoguz American Corner, in collaboration with the Dashoguz Regional Library, hosted the inaugural Creative Technology Festival on October 23.
Morgan Stanley honored with two industry awards from MMI/Barron's
By Globe Banner | Oct 28, 2024
Morgan Stanley has been recognized with two prestigious awards from the Money Management Institute (MMI) and Barron’s. The firm received the Wealth Manager Platform of The Year Award for its Morgan Stanley Wealth Management (MSWM) Select UMA...
COP29 focuses on finance as key issues take center stage
By Globe Banner | Oct 28, 2024
The upcoming UN Climate Change Conference, COP29, is scheduled to occur in Baku, Azerbaijan, from November 11-22.
New report explores VC valuation methods in MENA's evolving start-up scene
By Globe Banner | Oct 28, 2024
A new report titled “VC Valuation in MENA: A Reality Check” offers an in-depth look into the methodologies venture capitalists use to value portfolio companies in the Middle East and North Africa (MENA) region.
World Bank grants $21 million for Samoan finance sector development
By Globe Banner | Oct 28, 2024
The World Bank has approved a $21 million grant to support the Samoa Finance Sector Resilience and Development Project.
KfW IPEX-Bank finances major Turkish wind farm project
By Globe Banner | Oct 28, 2024
KfW IPEX-Bank is playing a key role in the development of the "Enerjisa YEKA-2" onshore wind farm project in Türkiye.
IMF announces upcoming staff visit to Romania for economic assessment
By Globe Banner | Oct 28, 2024
Today, the International Monetary Fund (IMF) announced that an IMF mission will be visiting Bucharest from November 5 to November 8, 2024.
WTO members discuss compliance with safeguard rules at latest committee meeting
By Globe Banner | Oct 28, 2024
Japan and Australia emphasized the importance of compliance with rules when implementing safeguard actions during a recent World Trade Organization (WTO) committee meeting.
Hexagon's R-evolution aims for sustainability through data-driven green-tech ventures
By Globe Banner | Oct 28, 2024
Erik Josefsson, CEO of R-evolution, a venture within Hexagon, discusses the company's efforts to accelerate the transition to a sustainable economy.
Okonjo-Iweala urges reform of global trade amid new challenges
By Globe Banner | Oct 26, 2024
Director-General Ngozi Okonjo-Iweala has called for a reimagining of the global trade system in response to growing challenges.
Sweden and Iceland invest in World Bank's hybrid capital
By Globe Banner | Oct 26, 2024
Sweden and Iceland have announced their commitments to invest in hybrid capital, a financial product that significantly enhances the World Bank's lending capacity.