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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.
IMF comments on progress at CEMAC Heads of State summit
By Globe Banner | Dec 16, 2024
At the conclusion of the CEMAC Heads of State meeting, Abebe Aemro Selassie, Director of the IMF's African Department, issued a statement highlighting progress and ongoing challenges in the region.
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.
Europe urged to boost growth through market integration and smart policies
By Globe Banner | Dec 16, 2024
The European Union is reflecting on significant milestones and challenges as it celebrates Lithuania's 10 years in the euro area and the 25th anniversary of the Euro.
IMF approves $7.1M disbursement after completing Guinea-Bissau credit facility review
By Globe Banner | Dec 16, 2024
The International Monetary Fund (IMF) Executive Board has completed the seventh review under Guinea-Bissau's Extended Credit Facility (ECF) arrangement, allowing for a disbursement of approximately US$7.1 million.
IMF completes fourth review of Zambia's extended credit facility
By Globe Banner | Dec 16, 2024
The International Monetary Fund (IMF) Executive Board has completed the fourth review of Zambia's Extended Credit Facility (ECF) arrangement, leading to an immediate disbursement of approximately $184 million.
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.
Cameroon accepts WTO fisheries subsidies agreement ahead of MC14
By Globe Banner | Dec 16, 2024
Cameroon has formally accepted the World Trade Organization (WTO) Agreement on Fisheries Subsidies.
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.
U.S.-Chad cooperation celebrated through Les McBride's 50-year service
By Globe Banner | Dec 16, 2024
Ambassador Laskaris honored Les McBride for his five decades of service at a retirement ceremony held at the U.S. Embassy in Chad.
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.
IMF completes fourth review under Stand-By Arrangement with Armenia
By Globe Banner | Dec 16, 2024
The International Monetary Fund (IMF) Executive Board has completed the fourth review under the Stand-By Arrangement (SBA) with Armenia.
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.
US supports Syrian transition after Assad flees
By Globe Banner | Dec 14, 2024
Secretary of State Antony Blinken held a press availability in Aqaba, Jordan, discussing the recent developments in Syria following Bashar al-Assad's departure.
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.
Swiss Re sets ambitious financial targets for 2025
By Globe Banner | Dec 13, 2024
Swiss Re has set ambitious financial targets for 2025, aiming for a Group net income exceeding USD 4.4 billion.