News from 2024
U.S trade deficit decreases slightly as exports outpace import growth
By Globe Banner | Aug 6, 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $73.1 billion in June, down $1.9 billion from $75.0 billion in May, revised.
Nepal signs $100 million deal with World Bank for road improvement
By Globe Banner | Aug 5, 2024
KATHMANDU, August 5, 2024—The Government of Nepal and the World Bank today signed a financing agreement for a US$100 million concessional loan from the International Development Association (IDA) to improve the connectivity, efficiency, resilience, and safety of Nepal’s provincial and local road network. The project also aims to strengthen the government’s capacity to manage this infrastructure.
WTO's 2024 Public Forum registration closes on August 23
By Globe Banner | Aug 5, 2024
The 2024 Public Forum, themed “Re-globalization: Better Trade for a Better World,” will be held in person at the World Trade Organization (WTO) headquarters in Geneva. The online registration form, mandatory for all participants, closes on August 23.
Eastern Caribbean schools embrace digital transformation with World Bank support
By Globe Banner | Aug 5, 2024
Nestled amid Saint Lucia's lush greenery, the vibrantly colored classrooms of Vide Bouteille Primary School host over 300 young learners from kindergarten to sixth grade. Ten-year-old Ayan skillfully watches real-time scores from a math app on her tablet as they are reflected on the interactive board at the front of the room. She says she's eager to become a veterinarian.
Binance announces Binance Labs investment in aPriori
By Globe Banner | Aug 3, 2024
Binance announced that Binance Labs has invested in aPriori, a project developing MEV-powered liquid staking solutions on the Monad Ethereum-compatible platform. aPriori was incubated during Season 6 of the Binance Labs Incubation Program.
U.S. Embassy in Turkmenistan announces upcoming playground project solicitation
By Globe Banner | Aug 2, 2024
The Embassy of the United States in Turkmenistan has issued a pre-solicitation notice, PPR12772380, concerning the design-build service for a playground in Ashgabat.
Elizabeth Rood begins role as US ambassador to Turkmenistan
By Globe Banner | Aug 2, 2024
United States Ambassador Elizabeth Rood has commenced her duties in Turkmenistan following her arrival on July 24.
U.S. Embassy announces upcoming vehicle procurement solicitation in Turkmenistan
By Globe Banner | Aug 2, 2024
The United States Embassy in Turkmenistan has announced a pre-solicitation notice for vehicle procurement, specifically a cargo van and a warehouse box truck.
Homeboy CEO: Stopping gang violence is about 'love, kinship, compassion'
By Globe Banner | Aug 1, 2024
Thomas Vozzo, the CEO of Homeboy Industries, said stopping and preventing gang violence and criminals is about "love, kinship, compassion" and meeting people where they are at.
Leveraging international trade for sustainable growth in South Africa
By Globe Banner | Aug 1, 2024
International trade can be a powerful force for economic growth and poverty reduction. This report, “Unlocking South Africa’s Potential: Leveraging Trade for Inclusive Growth and Resilience,” synthesizes analytical work carried out over the last four years. It provides an overview of South Africa’s export performance over the past decade for both goods and services and discusses how trade policies and trade facilitation reforms can support robust, inclusive, and resilient economic growth in South Africa. In a changing world marked by unprecedented supply chain disruptions...
World Bank appoints Anne Tully as new country manager for Myanmar
By Globe Banner | Aug 1, 2024
The World Bank has appointed Anne Tully as its new Country Manager for Myanmar, effective August 7, 2024.
Thailand advances sustainable finance initiatives amid global trends
By Globe Banner | Aug 1, 2024
In the evolving landscape of sustainable finance, Thailand is actively integrating environmental, social, and governance (ESG) factors into its financial sector. Authorities and market players are making strides to align with global trends and regional standards.
U.S. Embassy in Turkmenistan seeks bids for hand dryer contract
By Globe Banner | Aug 1, 2024
The U.S. Embassy in Turkmenistan has issued a request for quotations for the procurement of hand dryers, under solicitation number PR12769849.
U.S. envoy addresses OAS on disputed Venezuelan election
By Globe Banner | Aug 1, 2024
Ambassador Brian A. Nichols, Assistant Secretary of State for Western Hemisphere Affairs, addressed the Organization of American States (OAS) Permanent Council regarding the recent presidential elections in Venezuela.
World Bank appoints Faris Hadad-Zervos as new country director for Afghanistan
By Globe Banner | Aug 1, 2024
WASHINGTON, August 1, 2024—Mr. Faris Hadad-Zervos has been appointed the World Bank’s new Country Director for Afghanistan, effective today.
World Bank outlines strategies for developing nations facing "middle-income trap
By Globe Banner | Aug 1, 2024
New research offers a 21st century playbook for high-quality growth
Forest management project improves livelihoods in DRC
By Globe Banner | Jul 31, 2024
The Democratic Republic of the Congo (DRC) faces numerous challenges and opportunities, from its vast mineral resources to its expansive forests. These forests cover two-thirds of the country and are part of the Congo Basin, which houses the world's second-largest rainforest. Over half of DRC's population lives in rural areas, relying heavily on these forests for sustenance, often at the expense of environmental health.
Puerto Rico's GDP decreased by 2.5% amid rising imports
By Globe Banner | Jul 31, 2024
Real gross domestic product (GDP) for Puerto Rico decreased by 2.5 percent in 2022 after a 4.1 percent increase in 2021, according to statistics released by the U.S. Bureau of Economic Analysis. The decrease in real GDP was attributed to an increase in imports, as well as declines in private fixed investment and exports. However, personal consumption expenditures, private inventory investment, and government spending saw increases.
Puerto Rico's GDP decreased by 2.5% in the year of economic challenges
By Globe Banner | Jul 31, 2024
El producto interior bruto real (PIB) para Puerto Rico decreció 2.5 por ciento en 2022, luego de crecer 4.1 por ciento en 2021, de acuerdo con las estadísticas difundidas hoy por el Negociado de Análisis Económico de EE. UU. (BEA). El decrecimiento en el PIB real en 2022 reflejó un aumento en las importaciones —que son un elemento de resta en el cálculo del PIB— así como decrecimientos en la inversión privada en capital fijo y en las exportaciones. Los gastos de consumo personal, la inversión privada en inventarios y los gastos de gobierno aumentaron.
NCUA issues prohibition orders against two former credit union employees
By Globe Banner | Jul 31, 2024
The National Credit Union Administration (NCUA) has permanently prohibited two individuals from participating in the affairs of any federally insured depository institution as of July 2024.