News from 2024
IMF concludes reviews with Barbados under EFF and RSF arrangements
By Globe Banner | Dec 18, 2024
The International Monetary Fund (IMF) Executive Board has concluded the Fourth Reviews of the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) arrangements with Barbados.
World Bank approves $100M package for Zambia's climate resilience
By Globe Banner | Dec 18, 2024
The World Bank's Board of Executive Directors has sanctioned a new financial initiative aimed at bolstering Zambia's resilience against natural disasters.
IMF reaches agreement on third review of Bangladesh's credit facilities
By Globe Banner | Dec 18, 2024
An International Monetary Fund (IMF) staff team, led by Chris Papageorgiou, concluded its visit to Dhaka, Bangladesh on December 18, 2024.
Haiti's crisis persists as residents strive for progress with international aid
By Globe Banner | Dec 18, 2024
In the face of Haiti's enduring challenges, Roseline Jozil's resilience mirrors that of countless others striving for progress amidst adversity.
ANZ warns Australians about holiday season scams
By Globe Banner | Dec 17, 2024
As the holiday season approaches, ANZ is advising Australian shoppers to remain vigilant against potential scams.
Consumer confidence declines as major household purchase index falls
By Globe Banner | Dec 17, 2024
Consumer confidence saw a decline last week, dropping 1.6 points to reach 83.9 points.
ANZ supports new Melton Hospital with sustainable financing
By Globe Banner | Dec 17, 2024
ANZ has announced its support for the New Melton Hospital Project by providing sustainable loan financing aimed at transforming healthcare services in Melbourne's outer west.
Coinbase CEO: 'Crypto is the only payment rail that checks all three boxes'
By Globe Banner | Dec 17, 2024
Brian Armstrong, co-founder and CEO of Coinbase, has emphasized the efficiency of cryptocurrency as a payment method, citing its speed, cost-effectiveness, and global reach.
IMF completes sixth reviews under ECF/EFF programs for Moldova
By Globe Banner | Dec 17, 2024
The International Monetary Fund (IMF) Executive Board has completed the sixth reviews under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF), along with the second review under the Resilience and Sustainability Facility (RSF)...
Americans plan reduced spending amid rising living costs: BMO survey
By Globe Banner | Dec 17, 2024
The BMO Real Financial Progress Index indicates that rising living costs are leading many Americans to plan reduced spending in 2025.
World Bank advises Armenia on fairer taxes and efficient educational spending
By Globe Banner | Dec 17, 2024
A new report from the World Bank suggests that Armenia could achieve its revenue, education, and sustainable growth targets by making its tax system fairer and investing in educational quality.
IMF concludes Article IV consultation with Timor-Leste amid changing economic conditions
By Globe Banner | Dec 17, 2024
The Executive Board of the International Monetary Fund (IMF) concluded its 2024 Article IV consultation with Timor-Leste on December 10, 2024.
World Bank approves $2 billion package for Ukraine's economic growth
By Globe Banner | Dec 17, 2024
The World Bank's Board of Executive Directors has approved a Development Policy Operation (DPO) for Ukraine, aiming to enhance the country's economic policy framework and financial stability.
Serbia's path to resilience: Adapting to climate change through strategic investments
By Globe Banner | Dec 17, 2024
Serbia faces a range of climate-related hazards, including floods, landslides, droughts, heat waves, wildfires, and earthquakes.
WTO reports significant strides in dispute settlement reform talks
By Globe Banner | Dec 17, 2024
The General Council Chair of the World Trade Organization (WTO) has acknowledged significant progress in discussions on dispute settlement reform.
KfW opens applications for Urban Living Awards with EUR 40k prize pool
By Globe Banner | Dec 17, 2024
Applications are now open for the KfW Award Urban Living 2025, marking the second occasion that KfW Group is offering these awards.
FSB proposes new policies to address leverage in non-bank finance
By Globe Banner | Dec 17, 2024
The Financial Stability Board (FSB) has released a consultation report with nine policy recommendations aimed at addressing leverage risks in the non-bank financial intermediation (NBFI) sector.
Ecuador's debt conversion secures funds for Amazon conservation
By Globe Banner | Dec 17, 2024
The Republic of Ecuador, with support from the U.S. International Development Finance Corporation (DFC), the Inter-American Development Bank (IDB), The Nature Conservancy (TNC), and Bank of America, has finalized a debt conversion backed by $1...
World Bank funds hydropower project in Tajikistan with $350 million grant
By Globe Banner | Dec 17, 2024
The World Bank has approved a $350 million International Development Association grant to support the completion of the Rogun Hydropower Plant (HPP) Project in Tajikistan.
Joint statement underscores support for Syrian people amid critical transition
By Globe Banner | Dec 17, 2024
The governments of the United States, the Arab Contact Group on Syria, Bahrain, France, Germany, Qatar, Türkiye, the United Arab Emirates, the United Kingdom, the European Union, and the UN Special Envoy for Syria have issued a joint statement...