News from May 2025
World Bank develops AI model to forecast refugee movements
By Globe Banner | May 27, 2025
The World Bank has introduced an AI-powered model designed to predict refugee arrivals four to six months in advance.
IMF completes Article IV consultation with Kiribati; outlines economic projections
By Globe Banner | May 27, 2025
An International Monetary Fund (IMF) team, led by Natalija Novta, visited Tarawa, Kiribati for the 2025 Article IV Consultation from April 21-30, 2025.
Consumer confidence falls as RBA cuts rates amid global uncertainties
By Globe Banner | May 27, 2025
Consumer confidence has declined despite a recent rate cut by the Reserve Bank of Australia (RBA).
U.S. Embassy marks 249 years of independence with focus on Mozambique partnership
By Globe Banner | May 27, 2025
On May 21, the U.S. Embassy in Mozambique celebrated the 249th anniversary of American independence at the Montebelo Indy Village Congress Hotel.
Renewable energy powers healthcare improvements in Haiti
By Globe Banner | May 27, 2025
On December 23, Hospital Justinien in Haiti's northern region maintained operations despite persistent rain.
African Lion 2025 concludes with largest military exercise in its history
By Globe Banner | May 27, 2025
AGADIR, Morocco – African Lion 2025 concluded this week, involving over 10,000 multinational troops from more than 50 nations in synchronized operations across Morocco, Ghana, Senegal, and Tunisia.
IMF reaches preliminary agreement with El Salvador under Extended Fund Facility
By Globe Banner | May 27, 2025
IMF staff and Salvadoran authorities have reached a staff-level agreement on the first review of El Salvador's extended arrangement under the Extended Fund Facility (EFF).
IMF concludes Article IV consultation mission assessing Tuvalu's economic recovery
By Globe Banner | May 27, 2025
On May 27, 2025, the International Monetary Fund (IMF) concluded its Article IV consultation mission in Tuvalu.
U.S. donates lifesaving endoscopic equipment to Liberia's military hospital
By Globe Banner | May 27, 2025
On May 23, 2025, the United States Government, through the Department of Defense’s Overseas Humanitarian, Disaster Assistance, and Civic Aid (OHDACA) program, donated over $150,000 worth of endoscopic medical equipment to the Armed Forces of...
Goods Council announces 2025 chairs for subsidiary bodies
By Globe Banner | May 27, 2025
Members of the Goods Council have agreed on the chairpersons for its subsidiary bodies for 2025.
U.S. Embassy reports increased preparedness among immigrant visa applicants
By Globe Banner | May 27, 2025
In the first week of implementing the "Missing Documents, No Visa Interview" policy, the U.S. Embassy's Immigrant Visa Unit observed a notable increase in immigrant visa applicants arriving at their interviews with all necessary documents.
Fulbright program opens applications for Bosnian students seeking U.S.-based research opportunities
By Globe Banner | May 27, 2025
The U.S. Embassy in Bosnia and Herzegovina has announced the opening of the Fulbright Foreign Student Program competition for the 2026-2027 academic year.
World Bank approves $60M for Central Asia's pandemic preparedness initiative
By Globe Banner | May 27, 2025
The World Bank has approved a $60 million financing package to support the first phase of the One Health Program in Central Asia.
U.S. warns against travel to Venezuela due to high risks
By Globe Banner | May 27, 2025
The U.S. government has issued a warning to its citizens against traveling to Venezuela, citing severe risks that have led to the highest Travel Advisory level – Level 4: Do Not Travel.
OCBC announces leadership changes in global wholesale banking
By Globe Banner | May 27, 2025
OCBC has announced changes in its Global Wholesale Banking leadership, effective from October 1, 2025.
World Bank: Reforms needed amid high debt risk in Kenya
By Globe Banner | May 27, 2025
Kenya's public debt remains a significant concern, with interest payments consuming about one-third of tax revenue.
World Bank suggests enhancements for Mongolia's social protection against climate shocks
By Globe Banner | May 27, 2025
A new report from the World Bank suggests changes to Mongolia's social protection system to better support vulnerable populations against climate and economic shocks.
U.S. warns against travel to Venezuela due to safety concerns
By Globe Banner | May 27, 2025
The U.S. government has issued a stern warning advising its citizens against traveling to Venezuela, citing the country's highest Travel Advisory level, Level 4: Do Not Travel.
U.S. Embassy in Barbados announces temporary suspension of routine consular services
By Globe Banner | May 27, 2025
Appointments for visas, passports, consular reports of birth abroad, and other routine services at the U.S. Embassy in Barbados will be unavailable from June 16 to July 11 due to scheduled maintenance in the Consular Section.
ING updates on progress in share buyback programme
By Globe Banner | May 27, 2025
ING has provided an update on its €2.0 billion share buyback programme, initially announced on May 2, 2025.