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Discover the critical insights of the upcoming Finance and Prosperity Report 2024 through these compelling interactive graphs. Engage with these visualizations to explore the data, understand the trends, and gain valuable insights into the future of finance and prosperity.

World Bank emphasizes resilience in global food security amid climate challenges

Food and nutrition security crises are expected to persist in the coming years. While it is impossible to avoid shocks, especially with the intensification of climate change, their impacts can be mitigated to prevent significant setbacks in achieving long-term development goals. This necessitates improved preparedness for swift responses when crisis risks first appear and bolstering innovative efforts to construct resilient food and nutrition systems globally.

Nordea resolves US probe into past anti-money laundering practices

Nordea has reached a resolution with the New York State Department of Financial Services (DFS) concerning its anti-money laundering (AML) procedures from 2008 to 2019.

Kinshasa adopts nature-based solutions to tackle urbanization challenges

Kinshasa, the capital city of the Democratic Republic of the Congo, is experiencing rapid urban growth, expanding by approximately 2,000 people and five hectares daily. This expansion has led to significant challenges, including flooding, soil erosion, and increased temperatures due to the replacement of green spaces with concrete and metal structures.

World Bank approves $110 million loan for Sergipe's fiscal sustainability initiative

The World Bank Board of Directors has approved a US$110 million loan to support the state of Sergipe, Brazil. This project aims to strengthen fiscal sustainability and improve natural resource management in Sergipe, Brazil's smallest state by geographic area. The initiative addresses significant development challenges faced by the state, including low GDP per capita and high poverty rates.

OAS observes remembrance day honoring slave trade abolition

By Globe Banner | Aug 26, 2024

The Organization of American States (OAS) recently marked the International Day for the Remembrance of the Slave Trade and its Abolition, as well as the International Day for People of African Descent.

World Bank forecasts Vietnam's economy to grow by 6.1% in 2024

By Globe Banner | Aug 26, 2024

Viet Nam’s economic growth is expected to accelerate in 2024, driven by a rebound in manufactured exports, tourism, and recovering consumption and business investment, according to a new report by the World Bank.

Vaping Emerges as Leading Smoking Cessation Aid, but Public Misconceptions Persist

By Globe Banner Reports | Aug 23, 2024

A recent survey conducted by UK-based Action on Smoking and Health (ASH) indicates that vaping has become the most popular aid for individuals who want to quit smoking. According to the August survey, non-tobacco vape products have played a large role over the past five years in helping smokers successfully quit their tobacco dependence.

Vietnam leads global effort with innovative carbon program

For Nguyen Tham, Bach Ma National Park in Hue Province is his life. It holds his childhood memories, sustains his family, and is where he works as a forest guardian.

NCUA announces retirement of Cherie Freed after over three decades of service

The National Credit Union Administration (NCUA) has announced the retirement of Cherie Freed, regional director of the NCUA’s Western Region, effective August 24, 2024.

Ireland donates EUR 200,000 to support global food safety through STDF

Ireland has contributed EUR 200,000 to the Standards and Trade Development Facility (STDF) to bolster global food safety and trade initiatives. This contribution brings Ireland's total donations to over EUR 2.9 million since 2007.

Employment and financial metrics of US multinational enterprises show growth in FY2022

Worldwide employment by U.S. multinational enterprises (MNEs) increased 2.2 percent to 44.3 million workers in 2022 from 43.3 million workers in 2021, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA).

US Embassy seeks bids for CCTV installation in Ashgabat warehouse

The United States Embassy in Turkmenistan has announced an invitation for companies to submit quotations for the installation of a warehouse CCTV system, referenced as PR12761969.

WTO opens applications for course on services aspects of e-commerce

Applications are now open for a World Trade Organization (WTO) course focusing on the services aspects of e-commerce. The course aims to familiarize participants with the connections between e-commerce, services trade, and the disciplines outlined in the WTO's General Agreement on Trade in Services. It will place particular emphasis on specific service sectors and include discussions on the moratorium on e-commerce and other related topics within the WTO framework.

Report highlights challenges faced by refugees and host communities in Kenya

Nairobi, August 21, 2024 – Kenya has made significant progress in developing a policy framework aimed at refugee and host community self-reliance, but challenges remain in accessing services and improving welfare. This is according to a new report titled "Building Evidence to Enhance the Welfare of Refugees and Host Communities in Kenya," which underscores the urgency of addressing immediate, mid-term, and long-term needs of both groups.

Comoros becomes World Trade Organization’s newest member

The 30-day countdown to Comoros's WTO membership was activated when Ambassador Sultan Chouzour handed Comoros's instrument of acceptance of the Protocol of Accession to WTO Director-General Ngozi Okonjo-Iweala at a meeting of the General Council on July 22, 2024.

World Bank raises $6.5 Billion in record-breaking sustainable development bond issuance

The World Bank has raised USD 6.5 billion through a dual-tranche Sustainable Development Bond transaction, marking its largest order book to date. The transaction included a USD 3 billion 2-year bond maturing in August 2026 and a USD 3.5 billion 10-year bond maturing in August 2034.

World bank mobilizes €2.5 billion for sustainable development from globally diversified investors

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) has priced a EUR 2.5 billion 7-year euro-denominated benchmark bond maturing in August 2031. The transaction attracted over 75 orders totaling almost EUR 4 billion from European and global investors seeking safe and liquid investment opportunities with a positive impact on sustainable development.

World Bank issues $225M Amazon reforestation-linked outcome bond

The World Bank (International Bank for Reconstruction and Development, IBRD) has issued the Amazon Reforestation-Linked Outcome Bond, a USD 225 million bond aimed at supporting reforestation activities in the Amazon. Priced on August 13, 2024, and due July 31, 2033, this nine-year bond links investors’ financial returns to measurable development outcomes.

World Bank to advise Bulgaria on roads infrastructure development