Latest News
Binance recovers more than $73M in user funds from external hacks
By Globe Banner | Aug 12, 2024
Binance reports that during the first seven months of 2024, the company recovered or froze more than $73 million in user funds from external hacks. The amount significantly exceeds the $55 million that it secured throughout 2023.
World Bank approves $55 million credit for modernization of Peru's National Social Registry
By Globe Banner | Aug 9, 2024
The World Bank’s Board of Executive Directors has approved a credit for Peru to modernize its National Social Registry (SINAFO), focusing on the social household registry. The project aims to create an integrated social policy information system that is inclusive, dynamic, and interoperable, suitable for both regular programs and emergency responses.
World Bank approves $500 million loan to support Peru's economic reforms
By Globe Banner | Aug 9, 2024
The World Bank’s Board of Executive Directors has approved a loan to assist Peru in achieving a more efficient fiscal policy and a productive economy adapted to climate change. This initiative is aimed at helping the country progress toward OECD accession.
NCUA Board approves new rule to standardize data submissions to financial regulators
By Globe Banner | Aug 9, 2024
The National Credit Union Administration (NCUA) Board has unanimously approved an interagency notice of proposed rulemaking aimed at establishing data standards for specific information collections submitted to the NCUA and other financial regulatory agencies. The decision was made by notation vote.
Indigenous women from Bolivia advocate against poverty at global stage
By Globe Banner | Aug 8, 2024
In the bustling city of El Alto, Bolivia, where the Aymara and Quechua cultures converge, two women, Roxana Quispe and Emma Poma, have dedicated their lives to fighting poverty and promoting the rights of indigenous people. Their journey from poverty to empowerment is a testament to resilience, community, and inclusive development.
Supporting indigenous communities vital for Nepal's sustainable forestry
By Globe Banner | Aug 8, 2024
Nepal, endowed with approximately 6.4 million hectares of forest resources, has seen a significant increase in its forest cover from 26 percent to 45 percent between 1992 and 2016. This progress is largely attributed to the country's sustainable community-based forest management practices.
World Bank approves $30 million for sanitation projects in Ghana
By Globe Banner | Aug 8, 2024
The World Bank has approved $30 million from the International Development Association (IDA) for the Greater Accra Metropolitan Area Sanitation and Water Project (GAMA SWP). This second additional financing aims to assist the Government of Ghana in addressing financial shortfalls caused by inflation.
World Bank collaborates with Indigenous Peoples on new resilience framework
By Globe Banner | Aug 8, 2024
Indigenous Peoples have demonstrated resilience and made significant contributions to the sustainability of the planet, despite persistent threats to their peoples, cultures, and ways of life. Although they have contributed little to climate change and have made notable efforts in climate mitigation, Indigenous Peoples are disproportionately impacted by climate shocks and disasters.
Framework highlights indigenous peoples' role in global climate resilience
By Globe Banner | Aug 7, 2024
When a Category 5 hurricane struck the Caribbean Coast, multiple Indigenous communities faced significant destruction. A Miskitu Indigenous leader recounted, “All I could see were fragments of what were once our homes, reduced to tiny pieces of wood.”
World Bank launches reports on Cameroon's economy highlighting need for fiscal reforms
By Globe Banner | Aug 6, 2024
YAOUNDÉ, August 6, 2024 - The World Bank has launched two flagship economic reports: the 2024 Cameroon Economic Update and the Cameroon Public Finance Review.
Anne-Lucie Lefebvre appointed as World Bank Country Manager for Haiti
By Globe Banner | Aug 6, 2024
Anne-Lucie Lefebvre has been appointed as World Bank Country Manager for Haiti, based in Port au Prince. In her new role, Lefebvre is responsible for leading the Bank’s dialogue with the government and working closely with key development partners and stakeholders.
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.
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.
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.
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.
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.