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World Bank Conclave focuses on equipping youth with essential future job skills
By Globe Banner | Oct 25, 2024
In a rapidly evolving world influenced by digital technology, climate change, and fragility, the youth face new challenges and opportunities.
Japan commits $1 billion guarantee with World Bank for global projects
By Globe Banner | Oct 25, 2024
Japan has entered into a $1 billion portfolio guarantee agreement with the World Bank, aimed at increasing financing for projects that tackle global challenges.
Taiwanese children's programs gain international acclaim at Ketagalan Boulevard event
By Globe Banner | Oct 25, 2024
On October 19, the "Big FUN Ketagalan Boulevard - Children's Future City" event took place at Ketagalan Boulevard, attracting many families.
Latvia boosts contribution to World Bank fund by 60% amid global crises
By Globe Banner | Oct 25, 2024
Latvia has committed to increasing its financial contribution to the International Development Association (IDA) by 60%, amounting to €9.48 million.
World Bank focuses on jobs and gender at Annual Meetings
By Globe Banner | Oct 25, 2024
The World Bank Group's recent Annual Meetings showcased significant progress in its reform agenda and introduced a new focus on job creation.
World Bank sets targets for women's economic empowerment by 2030
By Globe Banner | Oct 24, 2024
The World Bank Group has announced the initial steps for implementing its Gender Strategy 2030, aiming to enhance economic opportunities for women globally.
International bodies propose coordinated approach on climate action in new joint report
By Globe Banner | Oct 24, 2024
Five international organizations have released a significant report detailing potential coordinated approaches to climate action, carbon pricing, and the cross-border effects of climate change mitigation policies. The report was presented by the Joint Task Force on Climate Action, Carbon Pricing, and Policy Spillovers, convened by the World Trade Organization (WTO) and joined by the International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations Conference on Trade and Development (UNCTAD), and the World Bank.
World Bank launches strategy for women's economic empowerment by 2030
By Globe Banner | Oct 24, 2024
The World Bank Group has announced its Gender Strategy 2030, aiming to enhance economic opportunities for women by 2030. The initiative was introduced at the 2024 World Bank Group Annual Meetings and focuses on three main areas: broadband access, social protection, and capital provision.
Spain increases financial commitment to International Development Association by nearly 40
By Globe Banner | Oct 24, 2024
Spain has announced a financial commitment of €400 million to the International Development Association (IDA), marking a 37% increase from its previous contribution.
New ad highlights benefits of zero international transaction fees
By Globe Banner | Oct 24, 2024
Australia is witnessing a new development in the world of finance as an advertisement titled "Hussle free" makes waves.
German-Indian collaboration advances India's transition to renewable energy
By Globe Banner | Oct 24, 2024
India's solar energy potential is being harnessed through a partnership with KfW, which has provided EUR 1 billion in subsidized loans from 2017 to 2023.
World Bank reviews Nepal's human capital for economic growth
By Globe Banner | Oct 24, 2024
The World Bank Group has released the Nepal Human Capital Review (NHCR) as part of its global Human Capital Project. This initiative highlights the importance of investing in people to boost economic growth and prosperity through improved education, health, and nutrition. The review aims to understand why income inequalities persist and why many Nepalis remain in poverty.
Spain boosts financial pledge by nearly 40% for international development association
By Globe Banner | Oct 24, 2024
Spain has announced an early financial commitment of €400 million to the International Development Association (IDA), the World Bank's fund for low-income countries. This represents a 37% increase compared to the previous IDA replenishment cycle, highlighting Spain's ongoing dedication to sustainable development worldwide. With this contribution, Spain's total donations exceed €5 billion since IDA's inception.
NCUA board discusses cybersecurity threats and charter modernization initiatives
By Globe Banner | Oct 24, 2024
The National Credit Union Administration (NCUA) Board convened for its seventh open meeting of 2024, where members received updates on cybersecurity and charter modernization efforts. The briefings highlighted significant trends and challenges facing the credit union sector.
Cabo Verde advances toward becoming a West African digital hub
By Globe Banner | Oct 23, 2024
Cabo Verde is setting its sights on becoming a digital hub in West Africa, with significant investments aimed at modernizing public services and boosting the economy. The government has outlined plans to digitize 60% of public services by 2026, with aspirations to reach over 80% by 2030. Key initiatives include the Weblabs program, which educates nearly 14,000 students in digital fields, and Cabo Verde Digital's efforts to foster innovation among startups.
World Bank doubles agribusiness commitment amid strategic pivot
By Globe Banner | Oct 23, 2024
The World Bank Group has announced a significant shift in its approach to agribusiness, aiming to establish a comprehensive ecosystem for the industry.
World Bank doubles commitment in agribusiness aiming for $9 billion annually by 2030
By Globe Banner | Oct 23, 2024
The World Bank Group has announced a significant shift in its approach to agribusiness, aiming to create a comprehensive ecosystem for the industry. This new strategy will see the institution double its agri-finance and agribusiness commitments to $9 billion annually by 2030. The announcement comes as four key trends—climate change, financial innovations, digitalization, and solutions to fragmentation—are reshaping the agribusiness landscape.
World Bank Group partners with Austria for new Vienna Development Knowledge Center
By Globe Banner | Oct 23, 2024
Austria has been a long-standing partner of the World Bank Group (WBG), supporting various knowledge programs over the years. These programs have covered topics such as financial sector reform, investment climate, urban development, climate change, and water management. Recently, Austria supported the expansion of the WBG Vienna office into a significant operations hub for the Europe and Central Asia (ECA) region, which now hosts over 300 staff.
World Bank emphasizes need for increased investment in global water security
By Globe Banner | Oct 23, 2024
Axel van Trotsenburg, Senior Managing Director at the World Bank Group, addressed the pressing issue of water security at the "Financing Water Security: Increasing Investments to Close the Gap Between Water Demand and Supply" event. Van Trotsenburg highlighted that over 2.2 billion people lack access to safe drinking water, with 3.5 billion living without safely managed sanitation. He emphasized that these deficiencies affect public health, environmental sustainability, food security, and social stability.
World Bank outlines strategic shift towards sustainable growth in agriculture
By Globe Banner | Oct 23, 2024
Washington, DC – On October 23, 2024, World Bank Group President Ajay Banga delivered remarks at the "Agriculture and Food as an Engine of Sustainable Growth and Jobs" event during the 2024 World Bank Group Annual Meetings. Banga outlined a new strategic approach to agribusiness that leverages emerging shifts in agriculture to address global food demand projected to increase by 50 to 60 percent in the coming decades.