Latest News
Mobilizing capital for development in agriculture
By Globe Banner | Aug 28, 2024
Transforming food systems to reduce carbon emissions and achieve the Sustainable Development Goals requires a significant increase in investment across the agricultural value chain. Large, coordinated flows of public and private capital are needed to address decades of underinvestment and meet current and future challenges.
Upcoming Finance and Prosperity Report 2024 offers critical insights
By Globe Banner | Aug 27, 2024
Discover the critical insights of the upcoming Finance and Prosperity Report 2024 through these compelling interactive graphs. Engage with these visualizations to explore the data, understand the trends, and gain valuable insights into the future of finance and prosperity.
World Bank emphasizes resilience in global food security amid climate challenges
By Globe Banner | Aug 27, 2024
Food and nutrition security crises are expected to persist in the coming years. While it is impossible to avoid shocks, especially with the intensification of climate change, their impacts can be mitigated to prevent significant setbacks in achieving long-term development goals. This necessitates improved preparedness for swift responses when crisis risks first appear and bolstering innovative efforts to construct resilient food and nutrition systems globally.
Nordea resolves US probe into past anti-money laundering practices
By Globe Banner | Aug 27, 2024
Nordea has reached a resolution with the New York State Department of Financial Services (DFS) concerning its anti-money laundering (AML) procedures from 2008 to 2019.
Kinshasa adopts nature-based solutions to tackle urbanization challenges
By Globe Banner | Aug 27, 2024
Kinshasa, the capital city of the Democratic Republic of the Congo, is experiencing rapid urban growth, expanding by approximately 2,000 people and five hectares daily. This expansion has led to significant challenges, including flooding, soil erosion, and increased temperatures due to the replacement of green spaces with concrete and metal structures.
World Bank approves $110 million loan for Sergipe's fiscal sustainability initiative
By Globe Banner | Aug 27, 2024
The World Bank Board of Directors has approved a US$110 million loan to support the state of Sergipe, Brazil. This project aims to strengthen fiscal sustainability and improve natural resource management in Sergipe, Brazil's smallest state by geographic area. The initiative addresses significant development challenges faced by the state, including low GDP per capita and high poverty rates.
World Bank forecasts Vietnam's economy to grow by 6.1% in 2024
By Globe Banner | Aug 26, 2024
Viet Nam’s economic growth is expected to accelerate in 2024, driven by a rebound in manufactured exports, tourism, and recovering consumption and business investment, according to a new report by the World Bank.
Vietnam leads global effort with innovative carbon program
By Globe Banner | Aug 23, 2024
For Nguyen Tham, Bach Ma National Park in Hue Province is his life. It holds his childhood memories, sustains his family, and is where he works as a forest guardian.
NCUA announces retirement of Cherie Freed after over three decades of service
By Globe Banner | Aug 23, 2024
The National Credit Union Administration (NCUA) has announced the retirement of Cherie Freed, regional director of the NCUA’s Western Region, effective August 24, 2024.
Report highlights challenges faced by refugees and host communities in Kenya
By Globe Banner | Aug 21, 2024
Nairobi, August 21, 2024 – Kenya has made significant progress in developing a policy framework aimed at refugee and host community self-reliance, but challenges remain in accessing services and improving welfare. This is according to a new report titled "Building Evidence to Enhance the Welfare of Refugees and Host Communities in Kenya," which underscores the urgency of addressing immediate, mid-term, and long-term needs of both groups.
World Bank raises $6.5 Billion in record-breaking sustainable development bond issuance
By Globe Banner | Aug 20, 2024
The World Bank has raised USD 6.5 billion through a dual-tranche Sustainable Development Bond transaction, marking its largest order book to date. The transaction included a USD 3 billion 2-year bond maturing in August 2026 and a USD 3.5 billion 10-year bond maturing in August 2034.
World bank mobilizes €2.5 billion for sustainable development from globally diversified investors
By Globe Banner | Aug 20, 2024
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) has priced a EUR 2.5 billion 7-year euro-denominated benchmark bond maturing in August 2031. The transaction attracted over 75 orders totaling almost EUR 4 billion from European and global investors seeking safe and liquid investment opportunities with a positive impact on sustainable development.
World Bank issues $225M Amazon reforestation-linked outcome bond
By Globe Banner | Aug 20, 2024
The World Bank (International Bank for Reconstruction and Development, IBRD) has issued the Amazon Reforestation-Linked Outcome Bond, a USD 225 million bond aimed at supporting reforestation activities in the Amazon. Priced on August 13, 2024, and due July 31, 2033, this nine-year bond links investors’ financial returns to measurable development outcomes.
World Bank to advise Bulgaria on roads infrastructure development
By Globe Banner | Aug 20, 2024
The Bulgarian Road Infrastructure Agency (BRIA) will receive strategic advice from the World Bank over the next 30 months through a Reimbursable Advisory Services Agreement. The agreement was signed today by Yordan Valchev, Chairman of BRIA’s Management Board, and Lasse Melgaard, World Bank Resident Representative for Bulgaria, Czechia, and Slovakia.
CAIA Association partners with Toigo Foundation to provide training to Toigo fellows
By Globe Banner | Aug 19, 2024
The Chartered Alternative Investment Analyst (CAIA) Association has launched a strategic partnership with the Toigo Foundation, a nonprofit dedicated to fostering diversity in finance and access to talent. The collaboration will provide training to Toigo fellows.
Preqin webinar spotlights APAC deal making and fundraising trends
By Globe Banner | Aug 19, 2024
Fundraising and deal-making in the Asia-Pacific (APAC) region continue to decline in 2024 as investors remain hesitant. However, a recent webinar hosted by Preqin highlighted three favorable trends.
IDB joins forces with World Bank & CAF for security policies
By Globe Banner | Aug 19, 2024
Guayaquil, August 19, 2024. The Inter-American Development Bank (IDB), the World Bank, and CAF—development bank of Latin America and the Caribbean—have agreed to collaborate more closely to generate knowledge and support public policies related to transnational organized crime in Latin America and the Caribbean.
World Bank approves $10 million wastewater project in Sint Maarten
By Globe Banner | Aug 19, 2024
Washington, D.C., August 19, 2024 - The Government of Sint Maarten, the National Recovery Program Bureau, and the World Bank have signed a $10 million agreement aimed at improving water quality and quantity in Sint Maarten. An additional $15 million will be financed by the Government of Sint Maarten through a co-financing loan from the Government of the Netherlands.
Binance announces 19th global regulatory milestone with India registration
By Globe Banner | Aug 17, 2024
Binance announced its registration as a reporting entity with India’s Financial Intelligence Unit (FIU-IND), marking its 19th regulatory milestone globally. The company complies with anti-money laundering standards in India and other operating jurisdictions.
Bangladesh integrates Japanese expertise to enhance flood resilience
By Globe Banner | Aug 16, 2024
Bangladesh, recognized as one of the most vulnerable countries to climate change and among the most disaster-prone, is experiencing an increasing number of people affected by frequent and intense floods. These events disproportionately impact the poorest populations, causing significant damage to property and livelihoods while disrupting children's education.