News from 2024
CAIA Association partners with Toigo Foundation to provide training to Toigo fellows
By Globe Banner | Aug 19, 2024
The Chartered Alternative Investment Analyst (CAIA) Association has launched a strategic partnership with the Toigo Foundation, a nonprofit dedicated to fostering diversity in finance and access to talent. The collaboration will provide training to Toigo fellows.
Preqin webinar spotlights APAC deal making and fundraising trends
By Globe Banner | Aug 19, 2024
Fundraising and deal-making in the Asia-Pacific (APAC) region continue to decline in 2024 as investors remain hesitant. However, a recent webinar hosted by Preqin highlighted three favorable trends.
WTO announces last chance to register for 2024 Public Forum
By Globe Banner | Aug 19, 2024
The 2024 Public Forum, themed “Re-globalization: Better Trade for a Better World,” will be held in person at the WTO headquarters in Geneva. The event requires all participants to complete an online registration form.
IDB joins forces with World Bank & CAF for security policies
By Globe Banner | Aug 19, 2024
Guayaquil, August 19, 2024. The Inter-American Development Bank (IDB), the World Bank, and CAF—development bank of Latin America and the Caribbean—have agreed to collaborate more closely to generate knowledge and support public policies related to transnational organized crime in Latin America and the Caribbean.
World Bank approves $10 million wastewater project in Sint Maarten
By Globe Banner | Aug 19, 2024
Washington, D.C., August 19, 2024 - The Government of Sint Maarten, the National Recovery Program Bureau, and the World Bank have signed a $10 million agreement aimed at improving water quality and quantity in Sint Maarten. An additional $15 million will be financed by the Government of Sint Maarten through a co-financing loan from the Government of the Netherlands.
Binance announces investment in decentralized AI platform Sahara AI
By Globe Banner | Aug 17, 2024
Binance announced its investment in Sahara AI, a decentralized blockchain platform, to promote an open and equitable AI economy. Sahara AI aims to ensure AI security, equity, and accessibility by prioritizing sovereignty and provenance in its collaborative approach.
Binance announces 19th global regulatory milestone with India registration
By Globe Banner | Aug 17, 2024
Binance announced its registration as a reporting entity with India’s Financial Intelligence Unit (FIU-IND), marking its 19th regulatory milestone globally. The company complies with anti-money laundering standards in India and other operating jurisdictions.
Bchain Africa CEO on detention of Binance employee: 'Are we running a military system in Nigeria under the guise of democracy?'
By Globe Banner | Aug 16, 2024
Femi Adegolu, the founder and CEO of Bchain Africa, stated that the Nigerian government has detained Tigran Gambaryan, the head of financial crime compliance at the crypto exchange Binance, with "impunity" for more than 150 days. Adegolu shared his statement in an Aug. 13 post on X.
Bangladesh integrates Japanese expertise to enhance flood resilience
By Globe Banner | Aug 16, 2024
Bangladesh, recognized as one of the most vulnerable countries to climate change and among the most disaster-prone, is experiencing an increasing number of people affected by frequent and intense floods. These events disproportionately impact the poorest populations, causing significant damage to property and livelihoods while disrupting children's education.
OAS adopts resolution urging transparency in Venezuelan elections
By Globe Banner | Aug 16, 2024
The Organization of American States (OAS) has adopted a resolution addressing the recent situation in Venezuela.
Eritrea Festival 2024 celebrates cultural diversity with opening ceremony
By Globe Banner | Aug 15, 2024
Chargé d’affaires a.i. Leslie Freriksen attended the opening ceremony of Eritrea Festival 2024.
Starbucks announces Brian Niccol as new CEO
By Globe Banner | Aug 14, 2024
Starbucks announced that Brian Niccol will become chairman and chief executive officer starting September 9, 2024, while Rachel Ruggeri will serve as interim CEO until then. Additionally, Mellody Hobson will transition from board chair to lead independent director.
Junior analyst aids $100M bond initiative targeting plastic pollution
By Globe Banner | Aug 14, 2024
Federico, a Junior Analyst at the World Bank, shared insights into his background and involvement in tackling plastic pollution through innovative financial instruments. Born in Italy, Federico studied economics and finance at Bocconi University before interning at the World Bank Treasury. He later joined the Structured Finance and Market Solutions Team within the Capital Markets Department.
Binance's Sacheendran: 'blockchain technology will revolutionize various industries beyond finance'
By Globe Banner | Aug 14, 2024
Binance Head of Regional Markets Vishal Sacheendran said regulating blockchain technology in industries beyond finance can "revolutionize" those industries. Sacheendran shared his statement in an Aug. 13 commentary on Binance's website.
China files WTO complaint over EU subsidy duties on electric vehicles
By Globe Banner | Aug 14, 2024
China has initiated a dispute complaint with the World Trade Organization (WTO) regarding the European Union's subsidy duties on electric vehicles. According to China, the measures appear inconsistent with Article VI of the General Agreement on Tariffs and Trade 1994 and various provisions of the WTO's Agreement on Subsidies and Countervailing Measures.
World Bank addresses inaccuracies in media reports about Iran Economic Monitor
By Globe Banner | Aug 14, 2024
Media reports have recently made false claims about a World Bank report on Iran’s economy.
US supports preservation of Turkmenistan's cultural heritage
By Globe Banner | Aug 14, 2024
The United States is actively participating in efforts to preserve Turkmenistan's cultural heritage, a move that underscores respect for the country's diverse history and unique identity.
World Bank reports gradual recovery for Congolese economy amid ongoing challenges
By Globe Banner | Aug 13, 2024
BRAZZAVILLE, August 13, 2024 – A new World Bank report released today indicates that the Congolese economy is gradually recovering, with GDP growth estimated at 1.9% in 2023. Growth is projected to reach 3.5% in 2024, supported by oil and non-oil activities expected to increase by 4.2% and 3.5%, respectively. The recovery remains fragile due primarily to the volatility of oil production.
Investors back record-breaking $225 million World Bank outcome bond for Amazon reforestation
By Globe Banner | Aug 13, 2024
An increasing number of private investors are supporting outcome bonds that link financial returns to measurable and impactful development outcomes. The World Bank (International Bank for Reconstruction and Development, IBRD) has priced a 9-year USD 225 million principal-protected Amazon Reforestation-Linked Bond, marking the largest World Bank outcome bond ever issued. This bond offers investors a coupon with both a fixed guaranteed component and a variable component tied to the generation of Carbon Removal Units (CRUs) from reforestation projects in Brazil's Amazon rainforest.
New model aims at accelerating Amazon reforestation efforts
By Globe Banner | Aug 13, 2024
Investing in forests is investing in people, economies, and the health of our planet. The World Bank estimates that the Amazon rainforest regions of Brazil provide USD 317 billion of economic value annually for the communities that live there. The Amazon also benefits the world as a whole, representing more than half of the planet’s remaining tropical forest and serving as one of the world’s largest carbon sinks. The Brazilian regions alone provide a theoretical annual value of USD 210 billion to the planet. While deforestation in the Brazilian Amazon has slowed in recent...