Latest News
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.
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.
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.
Lao economy grows but faces volatility risks according to World Bank report
By Globe Banner | May 27, 2025
The Lao economy is experiencing growth, driven by sectors such as services, electricity, mining, agriculture, and manufacturing.
ANZ partners with universities to boost workforce development in Queensland
By Globe Banner | May 27, 2025
ANZ has announced new strategic partnerships with the University of Queensland (UQ) and Griffith University, reinforcing its commitment to Queensland after acquiring Suncorp Bank.
World Bank suggests reforms to cut Kenya's debt-to-GDP ratio while creating jobs
By Globe Banner | May 27, 2025
Kenya is positioned to significantly reduce its public debt-to-GDP ratio and create jobs by prioritizing fiscal, governance, and structural reforms, according to the latest Kenya Public Finance Review (PFR) titled "Beyond the Budget: Fiscal Policy...
Uzbekistan transforms its cotton sector through reforms and international partnerships
By Globe Banner | May 27, 2025
Uzbekistan, historically one of the largest global producers of cotton, has undergone significant changes in its cotton sector since 2017.
Lusaka Sanitation Project improves access for thousands between 2015-2024
By Globe Banner | May 26, 2025
Between 2015 and 2024, the Lusaka Sanitation Project in Zambia benefited over 345,000 people, half of whom were women.
Free campus Wi-Fi aids Malawian university students' success
By Globe Banner | May 26, 2025
Wezzie Matalala is set to graduate from the Lilongwe University of Agriculture and Natural Resources (LUANAR) with a degree in Agriculture Education.
Modi inaugurates first D9 electric locomotive built by Indian Railways
By Globe Banner | May 26, 2025
Indian Prime Minister Narendra Modi has inaugurated the first of the new D9 – 9000 HP electric locomotives at Indian Railways' factory in Dahod, Gujarat.
World Bank report forecasts highest growth rate for Bhutan in South Asia
By Globe Banner | May 26, 2025
Thimphu, May 26, 2025—Bhutan is set to record the highest growth rate in South Asia for the fiscal year 2024/25, according to the World Bank's annual update released today.
World Bank launches video series exploring future of mining
By Globe Banner | May 26, 2025
The World Bank's Extractives team has introduced a new video series titled "Mining Forward," which delves into the evolving landscape of the mining industry.
Public procurement conference highlights reforms needed across East Asia
By Globe Banner | May 26, 2025
The Government of the Philippines and the World Bank recently organized the International Public Procurement Conference, focusing on "Procurement for the People: Bridging Innovation, Value for Money, and Accountability."
KfW Research revises German GDP forecast amid tariff concerns
By Globe Banner | May 26, 2025
KfW Research has updated its economic forecast for Germany, projecting a 1.0 percent growth in the gross domestic product (GDP) for 2026.
UOB introduces FutureGen Scholarship for regional students
By Globe Banner | May 26, 2025
UOB has announced the launch of the UOB FutureGen Scholarship Programme, which will offer scholarships to 90 students from the region to study in Singapore.
World Bank director visits Pakistan to support reform efforts
By Globe Banner | May 24, 2025
World Bank Managing Director for Operations, Mrs. Anna Bjerde, completed a two-day visit to Pakistan, highlighting the country's reform momentum and emphasizing the importance of ongoing implementation to maintain economic stability.
Mongolia's economic forecast shows promise amid mining surge
By Globe Banner | May 23, 2025
The World Bank's latest report projects Mongolia's economy to grow by 6.3% in 2025, driven by increased copper production and a gradual recovery in the agriculture sector.
KfW IPEX-Bank finances major Polish offshore wind projects
By Globe Banner | May 23, 2025
KfW IPEX-Bank has announced its involvement in financing two major Polish offshore wind farms, Baltyk 2 and Baltyk 3.
Seed business empowers Zambian women with World Bank support
By Globe Banner | May 23, 2025
In Zambia, Sylvia Chisangano Horemans is making significant strides in empowering women and small-scale farmers through her seed business, Kamano Seed.