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World Bank launches innovative project supporting Uzbekistan's green transition
By Globe Banner | Sep 17, 2024
Across the globe, countries are looking to cut their greenhouse gas (GHG) emissions to meet the national determined contributions (NDCs) they have committed to as part of the Paris Agreement to combat climate change.
Climate change threatens key Maldivian industries per World Bank report
By Globe Banner | Sep 17, 2024
MALE’, September 17, 2024 – The Maldives’ economy, heavily reliant on tourism and fisheries, is facing severe risks due to climate change, according to a new World Bank Group report released today.
NCUA reports decline in assets but rise in loans for Q2 2024
By Globe Banner | Sep 16, 2024
Total assets, shares and deposits, and membership at federally insured credit unions declined at the median over the year ending in the second quarter of 2024, while loans outstanding increased, according to the latest Quarterly U.S. Map Review released today by the National Credit Union Administration (NCUA).
Financial Conduct Authority: Valuations must be ‘robust and reliable’ for investor trust
By Globe Banner | Sep 14, 2024
The Financial Conduct Authority (FCA), who conducted a review of private market valuations in 2024, said valuations have to be “robust and reliable in all market conditions” in order to maintain the trust of investors.
Global report urges investment in healthy longevity amid rapid demographic shifts
By Globe Banner | Sep 13, 2024
Global aging represents a significant achievement in development, with adults over 60 being the fastest-growing demographic worldwide. This demographic shift will influence labor markets, immigration policies, healthcare systems, social protection frameworks, and economies. Rapidly aging societies must develop adaptable strategies focusing on marginalized groups, particularly women who often live longer with non-communicable diseases (NCDs) and chronic illnesses while bearing most caregiving responsibilities.
World Bank approves $100 million loan for rural roads improvement in Ecuador's Guayas Province
By Globe Banner | Sep 13, 2024
Washington, D.C., September 13, 2024 - The World Bank Board of Directors has approved a new loan to support rural road improvement in Guayas Province, Ecuador.
World Bank partners with Qatar on global educational initiatives
By Globe Banner | Sep 13, 2024
The World Bank, Qatar, and the global foundation Education Above All have announced a partnership focused on expanding quality access to education worldwide. Successive global challenges in recent years have led to an increase in out-of-school children and youth and a massive global learning deficit. Countries are urgently seeking solutions and the needed finance to reverse current education trends. The agreements mark a key step in driving forward new partnerships that can expand impact for the global education agenda.
World Bank unveils strategy targeting job creation & climate resilience in Panama
By Globe Banner | Sep 12, 2024
The new 2024-2028 Country Partnership Framework (CPF) with the Republic of Panama aims to address three key areas, focusing on long-term economic growth and improving people's well-being.
Bulgaria renews partnership with World Bank Group focusing on sustainability
By Globe Banner | Sep 12, 2024
SOFIA, September 12, 2024—The World Bank Group’s Board of Executive Directors today discussed the new Country Partnership Framework (CPF) FY25-29 for Bulgaria, aiming at enhancing competitiveness and social inclusion while promoting a low-carbon and more sustainable economy.
World Bank approves $6.39 million grant for reducing pollution in Black Sea
By Globe Banner | Sep 12, 2024
The World Bank has approved a $6.39 million grant from the Global Environment Facility (GEF) for the Blueing the Black Sea (BBSEA) GEF Regional Project. This initiative aims to assist governments and the private sector in Georgia, Moldova, Türkiye, and Ukraine in reducing pollution in the Black Sea. The United Nations Office for Project Services (UNOPS) will be the recipient and implementing entity of the project.
World Bank report highlights potential benefits of investing in healthy longevity
By Globe Banner | Sep 12, 2024
By 2050, one in three people will be over 60 years old. With bold action to promote healthy longevity, developing countries could save 150 million lives and extend millions more, according to a new World Bank report. Saved health care costs, healthier lifestyles, increased workforce productivity, and lower public expenditure on social services would also generate enormous economic value.
World Bank outlines new strategy for sustainable growth in Montenegro
By Globe Banner | Sep 12, 2024
The World Bank Group's Board of Executive Directors has discussed a new Country Partnership Framework (CPF) for Montenegro, covering the period from 2025 to 2029. This strategy is designed to support sustainable economic growth and enhance climate resilience as Montenegro continues its efforts toward European Union accession.
Nepal hosts second international conference focusing on resilient inclusive social protections
By Globe Banner | Sep 12, 2024
Global experts gather in Kathmandu to explore social protection's role in reducing poverty, building resilience, and investing in human capital.
World Bank highlights need for investment in Liberia's energy sector
By Globe Banner | Sep 12, 2024
MONROVIA, September 12, 2024 - The World Bank released the fifth edition of its annual Liberia Economic Update today, titled "Powering Growth with Reliable, Affordable, and Sustainable Energy Access." The report provides a detailed analysis of recent economic developments in Liberia, emphasizing the critical role of reliable energy in promoting sustainable growth.
World Bank approves $70 million grant for climate resilience in Central African Republic
By Globe Banner | Sep 11, 2024
The World Bank has approved a US$70 million grant from the International Development Association (IDA) to enhance access to basic infrastructure and services and build climate resilience in cities across the Central African Republic.
Croatia enhances mechanisms against poverty with EU and World Bank support
By Globe Banner | Sep 11, 2024
ZAGREB, September 11, 2024 – The Government of Croatia is committed to reducing the number of people at risk of poverty or social exclusion. To this end, the Ministry of Labor, Pension System, Family, and Social Policy (MLPSFSP) initiated a project to build a modern comprehensive policy framework for combating poverty and social exclusion, based on an evidence-based diagnostic at the sub-national level.
Balancing technological advancement with job security in Central America
By Globe Banner | Sep 11, 2024
Technological progress holds the potential to significantly disrupt labor markets while also creating new job opportunities in Central America and the Dominican Republic. Advances in agricultural and industrial machinery, computers, and artificial intelligence (AI) have enabled machines to undertake many tasks previously performed by humans, posing a risk to jobs.
Croatia enhances efforts against poverty with new data-driven policy framework
By Globe Banner | Sep 11, 2024
The Government of Croatia is committed to reducing the number of people at risk of poverty or social exclusion. To this end, the Ministry of Labor, Pension System, Family, and Social Policy (MLPSFSP) initiated a project to build a modern comprehensive policy framework for combating poverty and social exclusion, founded on an evidence-based diagnostic at the sub-national level.
World bank president outlines new vision during Sydney speech
By Globe Banner | Sep 10, 2024
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Pacific Island leaders urge robust replenishment of World Bank's International Development Association
By Globe Banner | Sep 10, 2024
Leaders from Pacific Island countries have called for a robust 21st replenishment of the World Bank’s International Development Association (IDA21), echoing similar appeals from African Heads of State who agreed in April on a bold transformation agenda with IDA as a cornerstone. Hosted by the Pacific Islands Forum Secretariat, leaders and representatives from 11 countries met with World Bank Group President Ajay Banga last week and reaffirmed IDA’s critical role in supporting Pacific islands to boost development and climate resilience.