News from 2024
US promotes child online safety with iGuardian project in Ecuador
By Globe Banner | Jun 3, 2024
The United States is actively promoting online safety for children in Ecuador, coinciding with Children's Day.
Ministry invites students for Instagram reels contest on Sumner Welles Declaration
By Globe Banner | Jun 3, 2024
The Ministry of Foreign Affairs, in collaboration with the U.S. Embassy, is hosting an Instagram reels contest to commemorate the 84th anniversary of the Sumner Welles Declaration.
Deadline set for proposal submissions for WTO's 2024 Public Forum
By Globe Banner | Jun 3, 2024
The deadline for submitting proposals for the 2024 Public Forum is set for June 14, 2024. All sessions at the forum are organized by civil society, academia, businesses, governments, parliamentarians, and intergovernmental organizations. Participants interested in organizing sessions can find further details in an information note provided by the organizers. The online application form is accessible from this note and must be completed no later than June 14, 2024 (23:59 CET).
WTO chief emphasizes Central Asia's potential at Almaty trade policy forum
By Globe Banner | Jun 3, 2024
At the Second Central Asia Trade Policy Forum, organized by the WTO in partnership with the Asian Development Bank (ADB) and the International Trade Centre (ITC), Director-General Ngozi Okonjo-Iweala delivered a keynote address. The forum, themed “Economic integration through WTO accession and membership,” highlighted the region’s potential for economic integration, foreign investment attraction, and growth through WTO membership.
NCUA highlights role of Minority Depository Institutions during awareness month
By Globe Banner | Jun 3, 2024
ALEXANDRIA, Va. (June 3, 2024) – June is Minority Depository Institution Awareness Month at the National Credit Union Administration (NCUA), and the agency will feature activities and events highlighting the essential role MDIs play in their communities.
World Bank approves $40 million for Armenia's clean energy transition
By Globe Banner | Jun 3, 2024
The World Bank’s Board of Executive Directors has approved $40 million in support of the Enabling the Energy Transition project for Armenia. This initiative aims to assist the implementation of Armenia's Energy Sector Development Strategy to 2040, focusing on rehabilitating power transmission substations, adopting reforms to enable private financing for the transmission company, and promoting energy sector modernization and regional cooperation among emerging economies in Europe and Central Asia.
Kazakhstan hosts second Central Asia Trade Policy Forum focusing on WTO integration
By Globe Banner | Jun 3, 2024
His Excellency Minister Arman Shakkaliyev, the Minister of Trade and Integration of Kazakhstan, along with Her Excellency Ambassador Zhanar Aitzhan, addressed representatives from Central Asia and Azerbaijan at the Second Central Asia Trade Policy Forum held in Almaty. The forum serves as a platform for discussing issues related to the World Trade Organization (WTO) from a regional perspective.
Croatian MEP slams U.S."gay pride" funding in Europe: "Today, we have to defend Christianity from the West"
By Special to the Globe Banner | May 31, 2024
A Croatian member of the European Parliament said U.S. funding of so-called "gay pride" events and programming in Europe is part of a coordinated attack on Christianity by "American and European left-wing politicians and NGOs."
U.S. Mission offers grants for democracy projects targeting Ecuadorian youth
By Globe Banner | May 31, 2024
The U.S. Mission to Ecuador has announced a funding opportunity aimed at promoting democratic values among the youth in Ecuador.
Spain doubles contribution towards enhancing global SDR impact
By Globe Banner | May 31, 2024
Spain is advocating for an increased impact of Special Drawing Rights (SDRs) through the International Monetary Fund (IMF) and the World Bank Group (WBG)’s enhanced framework for scaled-up climate action. The country plans to double its SDR contribution to the IMF’s Resilience and Sustainability Trust (RST). This initiative aims to optimize resources dedicated to helping countries tackle climate challenges, leveraging the IMF’s RST, WBG’s policy and project financing, and additional resources from development partners and the private sector.
World Bank Group & IMF enhance cooperation for global climate action
By Globe Banner | May 31, 2024
The World Bank Group (WBG) and the International Monetary Fund (IMF) are intensifying their collaboration through an enhanced framework aimed at helping countries scale up climate action. This joint effort seeks to provide critical support for national climate strategies via an integrated, country-led approach to policy reforms and climate investments.
World Bank approves $250 million credit for strengthening Ghana's financial sector
By Globe Banner | May 31, 2024
On May 30, 2024, the World Bank approved a $250 million International Development Association (IDA) credit for the Ghana Financial Stability Project. This five-year initiative aims to support Ghana’s Financial Sector Strengthening Strategy (FSSS) by contributing to financial stability through the recapitalization of viable banks and Specialized Deposit-taking Institutions (SDIs) affected by Ghana’s Domestic Debt Exchange Program (DDEP).
World Bank approves $79.5M boost for Cambodian education
By Globe Banner | May 31, 2024
The World Bank's Board of Executive Directors has approved $79.5 million in additional financing to enhance access to quality education across Cambodia. This funding aims to scale up the Cambodia General Education Improvement Project, initially financed with $69.25 million in January 2022. The new financing includes a $60 million credit from the International Development Association and a $19.5 million grant from the Global Partnership for Education.
World Bank supports low-carbon urban mobility transition in Yichang with $250M loan
By Globe Banner | May 31, 2024
WASHINGTON, May 31, 2024 — Yichang City in Hubei Province will transition to an environmentally cleaner transportation system with the support of a US$250 million loan approved by the World Bank Board of Executive Directors today. This initiative aims to improve travel for residents, lower greenhouse gas emissions, and potentially serve as a model for other cities.
NCUA issues prohibition orders against four individuals
By Globe Banner | May 31, 2024
The National Credit Union Administration (NCUA) issued four consent orders in May 2024, permanently prohibiting the individuals named below from participating in the affairs of any federally insured depository institution.
Access key to improving welfare among indigenous peoples in Philippines
By Globe Banner | May 30, 2024
Increasing Indigenous Peoples’ access to water, sanitation, education, health services, and economic opportunities while preserving their cultural identities could significantly improve their living standards, according to a World Bank report released today.
Experts discuss climate change impacts at Central Asia conference
By Globe Banner | May 30, 2024
Delegations from Central Asian countries and international experts are gathering in Almaty, Kazakhstan, to address sustainable water and land management, energy, food security, and environmental sustainability in the context of climate change. The Central Asia Climate Change Conference (CACCC-2024) provides a platform for regional cooperation on climate issues.
World Bank releases new report on Indigenous Peoples' welfare in Philippines
By Globe Banner | May 30, 2024
First and foremost, warm greetings to Undersecretary Fatima Aliah Dimaporo, Legislative Affairs at the Department of Social Welfare and Development; the National Commission on Indigenous Peoples Chairperson Jennifer Pia Sibug-Las; to the panelists in today’s forum; to the leaders of the Indigenous Peoples who are here with us today; the representatives of various government agencies and private sector groups; and to all participants this morning. Good morning to all of you.
WTO holds first formal meeting on dispute settlement reform
By Globe Banner | May 30, 2024
WTO members held their first formal meeting on dispute settlement reform on May 30, 2024. This follows commitments made at the 12th Ministerial Conference (MC12) in June 2022 and reaffirmed at the 13th Ministerial Conference (MC13) earlier this year. Members agreed to address challenges within the dispute settlement system, including issues related to the Appellate Body, aiming for a fully functional system by 2024.
Podcast host on US citizen detained in Nigeria: 'they won't even give him medical care'
By Globe Banner | May 30, 2024
Matty Ice, host of The Runway Podcast, stated that Tigran Gambaryan, a former IRS Special Agent and current Binance employee, is not receiving sufficient medical treatment despite fainting in court and reportedly suffering from malaria. Ice shared his statement in a May 27 post about Gambaryan, who has been detained in Nigeria since February 26.