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Apollo, Atlas SP Partners, and BNP Paribas announce $5 billion collaboration
By Globe Banner | Sep 26, 2024
Apollo Global Management, Atlas SP Partners, and BNP Paribas have announced a strategic collaboration focusing on financing and capital markets. This partnership involves a commitment of $5 billion to support their joint initiatives.
Uruguay advances digital transformation through e-government initiatives
By Globe Banner | Sep 25, 2024
Uruguay's government has made significant strides in digital transformation, particularly during the COVID-19 pandemic. Efforts to bridge the digital divide have enabled citizens to access essential services without traveling long distances, allowed rural children to continue their education from home, and helped small businesses streamline operations.
New resources launched to measure early childhood development
By Globe Banner | Sep 25, 2024
The Anchor Items for the Measurement of Early Childhood Development (AIM-ECD) are tools designed to help countries assess and improve early childhood development. AIM-ECD includes two free tools: the Caregiver Report (CR) and the Child Direct Assessment (DA). These tools measure early literacy, early numeracy, executive functioning, and social-emotional development in children aged 4 to 6.
World Bank official calls for collective action on high-integrity carbon markets
By Globe Banner | Sep 25, 2024
Axel van Trotsenburg, the World Bank's Senior Managing Director, addressed the need for accelerating climate action through high-integrity carbon markets in a recent speech. He acknowledged the leadership of Annette, Chris, and Rachel in the carbon market ecosystem and thanked Bloomberg Philanthropies and GFANZ for their support.
World Bank approves $92.2 million grant for broadband expansion in Chad
By Globe Banner | Sep 25, 2024
The World Bank has approved a $92.2 million grant from the International Development Association (IDA) to enhance broadband connectivity and improve digital public services in Chad. The initiative, known as the Chad Digital Transformation Project, aims to bolster the institutional, strategic, legal, regulatory, and policy frameworks for internet access in Chad.
World Bank launches $2.5 billion clean energy program in East Asia
By Globe Banner | Sep 24, 2024
A new World Bank program aims to help developing countries in East Asia and the Pacific increase their renewable energy capacity. The $2.5 billion initiative is part of a global effort to accelerate the transition to low-carbon energy and combat climate change.
IMF and World Bank host high-level retreat for Bretton Woods at 80 Initiative
By Globe Banner | Sep 24, 2024
As part of the Bretton Woods at 80 Initiative, the International Monetary Fund (IMF) and the World Bank Group will host a high-level retreat in Bretton Woods, New Hampshire, on September 26-27, 2024.
Binance CEO: 'proud to have successfully secured our 19th global regulatory approval in India'
By Globe Banner | Sep 24, 2024
Binance CEO Richard Teng said that Binance's regulatory approval in India demonstrates the company's commitment to collaborating with regulators globally to advance crypto adoption. Teng shared his statement during a virtual "ask me anything," and Binance published his remarks on September 18.
Mongolia continues push for gender equality amid ongoing challenges
By Globe Banner | Sep 24, 2024
ULAANBAATAR, September 24, 2024 — Despite significant equality reforms over recent years, women in Mongolia continue to face impediments to equal participation that could see past progress recede.
World Bank approves $80 million to improve higher education in Cambodia
By Globe Banner | Sep 24, 2024
The World Bank's Board of Executive Directors has approved $80 million in financing to support Cambodia’s efforts to enhance the quality of higher education and research, particularly in the fields of science, technology, engineering, and mathematics (STEM). The funding for this initiative comes from the International Development Association (IDA), which is the World Bank’s concessional lending arm for low-income countries.
World Bank highlights steps needed to boost Polish economy
By Globe Banner | Sep 24, 2024
A new World Bank report emphasizes that productivity growth through faster technological adoption, labor market reforms, and a smart industrial strategy aligned with green ambitions is crucial for Poland's economic competitiveness. This must be coupled with increased social inclusion as the country faces challenges such as an aging population and the costs of delayed decarbonization.
World Bank reports persistent poverty challenges despite macroeconomic gains in Somalia
By Globe Banner | Sep 24, 2024
Somalia has achieved notable macroeconomic progress in recent years, but poverty remains a significant challenge, according to a new World Bank report titled "Somalia Poverty and Equity Assessment." The report indicates that over half of the population still lives below the national poverty line.
World Bank signs six climate debt clauses amid Hurricane Beryl crisis
By Globe Banner | Sep 23, 2024
No one expected a Category 5 hurricane this early, though the Caribbean was already bracing for an active hurricane season. Hurricane Beryl approached the Caribbean in June, just as the hurricane season began; this was a rare occurrence.
Chainlink communications director: 'Co-founder Sergey Nazarov took the stage at #Token2049'
By Globe Banner | Sep 23, 2024
Chainlink Communications Director Chris Barrett said that the company's co-founder spoke at the Token 2049 conference in Singapore about advances in financial technology. Barrett shared his statement in a Sept. 18 post on X.
MultiversX co-founder: 'talking to incredible people about the next big things in Web3' at Token 2049
By Globe Banner | Sep 23, 2024
MultiversX Co-founder Lucian Mincu said that global Web3 leaders are participating in the Token 2049 conference in Singapore and invited other attendees to visit the MultiversX booth. Mincu shared his statement in a Sept. 18 post on X.
Denmark increases pledge by 40% to World Bank's IDA fund
By Globe Banner | Sep 23, 2024
Denmark has announced a significant increase in its financial commitment to the World Bank’s International Development Association (IDA). The pledge of DKK 3,300 million marks a 40% increase compared to the previous IDA replenishment cycle.
World Bank urges Zambia to enhance revenue mobilization
By Globe Banner | Sep 23, 2024
A new Public Finance Review (PFR) report has highlighted the urgent need for Zambia to enhance revenue mobilization and improve fiscal governance. The report calls for significant reforms in public investment management and state-owned enterprises (SOEs) to drive sustainable economic growth and reduce poverty.
Binance CEO: 'Had a great time meeting the global crypto community' at Token 2049
By Globe Banner | Sep 20, 2024
Binance CEO Richard Teng said he enjoyed meeting members of the crypto community during the first day of the Token 2049 conference in Singapore. Teng shared his statement in a Sept. 18 post on X.
Madagascar tackles child stunting through adaptive learning programs
By Globe Banner | Sep 20, 2024
Once a month, Arentsoa, who is 18 months old, and her mother Larissa visit the community health and nutrition site in Ambatombositra for Arentsoa to be weighed and examined. During the visit, Arentsoa meets and plays with other children and tastes dishes prepared by the mothers during their cooking class at the site.
World Bank pledges $2.3 billion support package during VP Raiser's visit to Bangladesh
By Globe Banner | Sep 19, 2024
DHAKA, September 19, 2024—The World Bank Vice President for South Asia, Martin Raiser, concluded his visit to Bangladesh today and pledged the World Bank's support for critical reforms to help the country achieve inclusive and sustainable growth.