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World Bank approves $2 billion package for Ukraine's economic growth
By Globe Banner | Dec 17, 2024
The World Bank's Board of Executive Directors has approved a Development Policy Operation (DPO) for Ukraine, aiming to enhance the country's economic policy framework and financial stability.
Serbia's path to resilience: Adapting to climate change through strategic investments
By Globe Banner | Dec 17, 2024
Serbia faces a range of climate-related hazards, including floods, landslides, droughts, heat waves, wildfires, and earthquakes.
KfW opens applications for Urban Living Awards with EUR 40k prize pool
By Globe Banner | Dec 17, 2024
Applications are now open for the KfW Award Urban Living 2025, marking the second occasion that KfW Group is offering these awards.
FSB proposes new policies to address leverage in non-bank finance
By Globe Banner | Dec 17, 2024
The Financial Stability Board (FSB) has released a consultation report with nine policy recommendations aimed at addressing leverage risks in the non-bank financial intermediation (NBFI) sector.
World Bank funds hydropower project in Tajikistan with $350 million grant
By Globe Banner | Dec 17, 2024
The World Bank has approved a $350 million International Development Association grant to support the completion of the Rogun Hydropower Plant (HPP) Project in Tajikistan.
World Bank shares stories of resilience from four countries
By Globe Banner | Dec 17, 2024
The World Bank has released an immersive story that explores how various governments and communities are working towards a resilient future.
Sun Life appoints Benjamin Deng as president for Asian asset management
By Globe Banner | Dec 17, 2024
Sun Life has announced the appointment of Benjamin Deng as President of Asia Asset Management, effective January 1.
World Bank urges Serbia to invest in climate resilience for economic growth
By Globe Banner | Dec 17, 2024
Serbia can bolster its economic growth and generate employment by investing in climate change resilience and decarbonization, according to a report released today by the World Bank Group.
World Bank backs project for digital growth and skill enhancement in Tajikistan
By Globe Banner | Dec 17, 2024
The World Bank has approved a new project aimed at enhancing digital services and improving digital skills in Tajikistan, with a focus on rural areas.
Non-bank financial intermediation sees robust growth outpacing banking sector
By Globe Banner | Dec 16, 2024
The Financial Stability Board (FSB) has released its annual Global Monitoring Report on Non-Bank Financial Intermediation (NBFI), highlighting significant growth in the sector for 2023.
KfW IPEX-Bank joins banking club to finance Finland's energy transition
By Globe Banner | Dec 16, 2024
A banking consortium, comprising KfW IPEX-Bank, Skandinaviska Enskilda Banken AB (SEB), and Hamburg Commercial Bank (HCOB), has committed over EUR 100 million to Auris Energia.
Integration of migrants boosts economy on International Migrants Day
By Globe Banner | Dec 16, 2024
The integration of migrants, refugees, and returnees is increasingly seen as a key factor in improving well-being and economic growth.
World Bank reports robust economic growth prospects for Indonesia
By Globe Banner | Dec 16, 2024
Indonesia is on track to achieve a 5 percent growth rate this year, according to the latest Indonesia Economic Prospects report.
QBE Ventures partners with startups for global expansion in cybersecurity
By Globe Banner | Dec 16, 2024
QBE Ventures, the corporate venture capital arm of QBE Insurance Group, is advancing its global cyber insurance efforts through strategic partnerships with cyber-tech startups.
Yuanta-FJCU education project wins MOE gold award for third year
By Globe Banner | Dec 16, 2024
Yuanta Financial Holding Company and the Yuanta Cultural and Educational Foundation have long been involved in educational initiatives in remote areas.
Yuanta FHC achieves top rank in diversified financials for sustainability
By Globe Banner | Dec 16, 2024
The Dow Jones Sustainability Indices (DJSI), recognized globally for their credibility, were announced on December 16, Taipei time.
World Bank report emphasizes role of trust funds in global development
By Globe Banner | Dec 16, 2024
The 2024 Trust Funds Annual Report highlights the role of trust funds and financial intermediary funds (FIFs) in addressing global development challenges.
International Development Association secures record $100B funding for poorest nations
By Globe Banner | Dec 16, 2024
The International Development Association (IDA) has announced a historic $100 billion funding round to support the world's poorest countries.
U.S. leads global productivity growth amid innovation and AI advancements
By Globe Banner | Dec 14, 2024
In recent years, the United States has experienced a notable increase in labor productivity, outpacing other major advanced economies.
World Bank suggests reforms for sustainable economic growth in Cambodia
By Globe Banner | Dec 13, 2024
Economic activity in Cambodia remained stable throughout 2024, with a notable revival in exports driven by external demand.