News from August 2025
IMF board reviews Saudi Arabia's economic progress amid diversification efforts
By Globe Banner | Aug 4, 2025
The Executive Board of the International Monetary Fund (IMF) has concluded its 2025 Article IV Consultation with Saudi Arabia, following a review held on July 28, 2025.
Indonesian professionals complete U.S.-sponsored exchange on protecting children's rights
By Globe Banner | Aug 4, 2025
A group of six Indonesian professionals, including legal experts, child protection advocates, and law enforcement officials, has completed a three-week professional exchange program in the United States focused on protecting children’s rights.
Experts discuss market upheaval amid recent US tariff shifts
By Globe Banner | Aug 4, 2025
As global and local markets adjust to recent tariff announcements, experts from NAB and JBWere shared insights on the current market volatility.
U.S. Embassy Manama offers grants for America 250 celebrations in Bahrain
By Globe Banner | Aug 3, 2025
The U.S. Embassy in Manama has announced a funding opportunity to mark the 250th anniversary of American Independence, which will be celebrated on July 4, 2026.
NAB opens new Yeppoon branch after $1.3 million investment
By Globe Banner | Aug 3, 2025
NAB has launched its newly renovated branch in Yeppoon, Queensland, following a $1.3 million investment aimed at enhancing services in this regional community.
U.S. Embassy Manama seeks proposals for tech research partnerships under C-SIPA initiative
By Globe Banner | Aug 3, 2025
The Public Affairs Section at the U.S. Embassy in Manama has announced a funding opportunity for universities and institutions to support high-tech research and innovation under the Comprehensive Strategic Integration and Prosperity Agreement...
U.S. Embassy issues security alert ahead of increased police presence near Yaoundé Convention Center
By Globe Banner | Aug 3, 2025
A security alert has been issued by the U.S. Embassy in Yaoundé, Cameroon, ahead of increased law enforcement activity scheduled for Monday, August 4, 2025.
Turning waste into opportunity: South Asian innovators target jobs through circular economy
By Globe Banner | Aug 3, 2025
Entrepreneurs and organizations in South Asia are developing new ways to reduce waste and create jobs, with a focus on supporting rural communities and addressing environmental challenges.
Tajikistan’s economy grows but faces challenges in digitizing trade sector
By Globe Banner | Aug 3, 2025
Tajikistan's economy showed strong growth in 2024, with real GDP increasing by 8.4 percent and maintaining a similar pace at 8.2 percent in the first quarter of 2025, according to the World Bank’s annual Tajikistan Economic Update.
Tajikistan’s economy grows strongly but faces challenges amid push for digital transformation
By Globe Banner | Aug 3, 2025
Tajikistan's economy continued its rapid expansion in 2024, with real GDP growth reaching 8.4%, according to the latest annual Tajikistan Economic Update released by the World Bank.
U.S. personal income rises 0.3% as government benefits lead gains
By Globe Banner | Aug 3, 2025
Personal income in the United States rose by $71.4 billion, or 0.3 percent, in June 2025, according to estimates released by the U.S. Bureau of Economic Analysis (BEA).
World Bank urges bold reforms for Eswatini's digital transformation
By Globe Banner | Aug 3, 2025
Eswatini’s economic growth is projected to reach about 5% in 2025, according to the latest Eswatini Economic Update (EEU) released by the World Bank Group.
World Bank approves $300 million loan for modernization of Argentina’s tax system
By Globe Banner | Aug 3, 2025
The World Bank has approved a $300 million project aimed at improving the efficiency, effectiveness, and transparency of Argentina's tax administration.
World Bank approves $200 million grant for Zambian clean energy expansion
By Globe Banner | Aug 3, 2025
The World Bank Board of Executive Directors has approved a $200 million grant from the International Development Association (IDA) for the 13th phase of the Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) Program in Zambia.
World Bank approves $75 million loan for Serbia's primary education reform
By Globe Banner | Aug 3, 2025
Serbia will receive a EUR 66.3 million ($75 million equivalent) loan from the World Bank to support reforms in its primary education system.
World Bank strengthens focus on jobs and economic resilience during Pacific visit
By Globe Banner | Aug 3, 2025
The World Bank Group is increasing its efforts to support job creation and economic resilience in the Pacific region, according to Anna Bjerde, Managing Director of Operations.
World Bank approves $20 million emergency credit for Belize’s climate resilience
By Globe Banner | Aug 3, 2025
Belize has secured a US$20 million Development Policy Credit with a Catastrophe Deferred Drawdown Option (Cat-DDO) from the World Bank Group.
World Bank funds São Paulo Metro Line 4 extension into Taboão da Serra
By Globe Banner | Aug 3, 2025
The World Bank Board of Directors has approved funding for the expansion of São Paulo's Metro Line 4, extending the service to Taboão da Serra.
World Bank approves €8 million loan for Montenegro’s digital payments modernization
By Globe Banner | Aug 3, 2025
The World Bank has approved an EUR 8 million loan to Montenegro aimed at modernizing the country’s digital payments infrastructure.
World Bank urges DRC to reform tax incentives for growth and equity
By Globe Banner | Aug 3, 2025
Rationalizing tax incentives in the Democratic Republic of Congo (DRC) could make tax policies more effective and support future reductions in tax rates, while maintaining resources for development and social spending.