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Zafer Mustafaoglu appointed new country director at World Bank
By Globe Banner | Jul 1, 2024
The World Bank has announced the appointment of economist Zafer Mustafaoglu as Country Director for the Philippines, Malaysia, and Brunei Darussalam, effective July 1, 2024.
Gevorg Sargsyan named new World Bank Group Country Manager for Sri Lanka
By Globe Banner | Jul 1, 2024
Starting today, Gevorg Sargsyan assumes the role of World Bank Group Country Manager for Sri Lanka. This newly created position aims to unify country-level leadership across the institution, enhancing support for Sri Lanka’s public and private sector priorities. The role offers a single point of contact for accessing the full range of World Bank Group products and services, thereby improving the institution's ability to address global challenges and drive development with greater speed, efficiency, and impact.
World Bank approves $700M investment for human capital enhancement in Jordan
By Globe Banner | Jul 1, 2024
The World Bank Group has approved two new programs to strengthen Jordan’s human capital through targeted investments in education, health, and social assistance. With a combined financing of $700 million, the Jordan Human Capital Program and the Jordan: Modernizing Education, Skills, and Administrative Reforms (MASAR) Program aim to drive sustainable and inclusive growth, enhance education quality, and better equip youth with skills for future jobs.
World Bank appoints Inguna Dobraja as new manager for Moldova
By Globe Banner | Jul 1, 2024
Chisinau, July 1, 2024 – Starting today, Inguna Dobraja becomes the World Bank Group Country Manager for Moldova, a position that will unify country-level leadership across the institution to better support Moldova’s public and private sector priorities. This newly created position provides a single point of contact for access to the full breadth of World Bank Group products and services and will enhance the institution's ability to address global challenges and drive development with speed, efficiency, and impact.
Ozan Sevimli named new country manager for Tajikistan by World Bank
By Globe Banner | Jul 1, 2024
DUSHANBE, July 1, 2024 – Starting today, Ozan Sevimli becomes the World Bank Group Country Manager for Tajikistan, a position that will unify country-level leadership across the institution to better support Tajikistan’s public and private sector priorities. Mr. Sevimli will lead the programs of the International Bank for Reconstruction and Development/International Development Association, International Finance Corporation, and Multilateral Investment Guarantee Agency in Tajikistan, providing a single point of contact for access to the full breadth of World Bank Group...
World Bank appoints Diletta Doretti as representative for Guyana
By Globe Banner | Jul 1, 2024
Georgetown, July 1, 2024 – Diletta Doretti has been appointed as the World Bank Group Resident Representative for Guyana, a role designed to consolidate country-level leadership across the institution. This new position aims to streamline access to the full range of World Bank Group products and services, enhancing the institution's ability to address global challenges and drive development efficiently.
Fatou Fall appointed as joint resident representative for Djibouti
By Globe Banner | Jul 1, 2024
Djibouti, July 1, 2024 – Fatou Fall has been appointed as the Joint Resident Representative of the World Bank Group for Djibouti. This new role will consolidate country-level leadership across various institutions within the World Bank Group, including the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). The aim is to better support Djibouti's public and private sector development priorities, enhancing the...
World Bank appoints Ary Naїm as country manager for Poland
By Globe Banner | Jul 1, 2024
Warsaw, July 1, 2024 – Ary Naїm has been appointed as the World Bank Group Country Manager for Poland, a newly created position aimed at unifying country-level leadership across the institution. This role is designed to enhance support for Poland’s public and private sector priorities by providing a single point of contact for access to the full range of World Bank Group products and services.
World Bank appoints Melinda Good as country director for Thailand and Myanmar
By Globe Banner | Jul 1, 2024
BANGKOK, July 1, 2024 – The World Bank has appointed Melinda Good as its new Country Director for Thailand and Myanmar, effective July 1, 2024. Her appointment comes at a significant time for both countries.
World Bank appoints Gevorg Sargsyan as new country manager for Maldives
By Globe Banner | Jul 1, 2024
Mr. Gevorg Sargsyan has been appointed as the World Bank’s new Country Manager for Maldives, effective July 1, 2024. An Armenian national, Mr. Sargsyan joined the World Bank in 2000 and brings over two decades of diverse experience to his new role. His career at the World Bank includes serving in various capacities such as Country Manager and Manager of Operations in Europe, Central Asia, and East Asia, Program Manager for Climate Finance, and Global Lead for Clean Energy. Most recently, he served as Country Manager for Ukraine based in Kyiv.
Kazakhstan accepts agreement on fisheries subsidies
By Globe Banner | Jul 1, 2024
Kazakhstan has formally accepted the Agreement on Fisheries Subsidies, as announced on July 1, 2024. Director-General Okonjo-Iweala commented, “I welcome Kazakhstan's Acceptance of the Agreement on Fisheries Subsidies. This action demonstrates Kazakhstan's commitment, even as a landlocked nation, to responsible fisheries resource management. It underscores the need for global cooperation in safeguarding the shared marine ecosystem upon which all of us depend. I commend Kazakhstan for taking this step, which brings us closer to this Agreement's entry into force."
World Bank appoints new leadership for Eastern Europe amid ongoing crisis
By Globe Banner | Jul 1, 2024
The World Bank has appointed Bob Saum as the Country Director for Eastern Europe, based in Kyiv, effective July 1. In this role, Mr. Saum will oversee the Bank’s programs in Ukraine and Moldova, leading engagement with governments, stakeholders, and partners. He will manage the delivery and implementation of the portfolio and knowledge products while working closely with IFC and MIGA to enhance World Bank's collaboration with the private sector.
World Bank funds new project addressing urban flooding in Burundi
By Globe Banner | Jul 1, 2024
A new World Bank-financed project will support flood mitigation and resilience in Bujumbura, combining high-impact investments for flood risk management, flood resilience, and help to improve the country’s climate-resilient urban management.
WTO releases documents on Mozambique's trade policy review
By Globe Banner | Jul 1, 2024
The World Trade Organization (WTO) has made available several documents related to the Trade Policy Review of Mozambique, conducted on July 1, 2024. The review includes a detailed Secretariat report and a government report.
Working group discusses future topics for small business initiatives
By Globe Banner | Jul 1, 2024
The Coordinator of the Group, Ambassador Matthew Wilson (Barbados), highlighted the results of the Small Business Champions initiative, which were announced during last week's Aid for Trade Global Review. One of the winners is the Latin American and Caribbean Network of Fairtrade Small Producers and Workers of El Salvador (CLAC), a network representing 1,000 Fairtrade-certified organizations in 24 economies in Latin America and the Caribbean. The winning project will survey existing products in Latin America that can benefit indigenous producers, provide training and...
Valeria Di Fiori named new World Bank Group representative for Uruguay
By Globe Banner | Jul 1, 2024
Montevideo, July 1, 2024 – Valeria Di Fiori assumes the role of Resident Representative of the World Bank Group (WBG) in Uruguay today. This position aims to unify the institution's leadership in the country, supporting both public and private sector priorities. The new structure will offer a single point of contact for accessing the full range of World Bank Group products and services, enhancing its ability to address global challenges and promote development efficiently.
U.S. ambassador highlights partnerships at Fourth of July celebration in Slovakia
By Globe Banner | Jul 1, 2024
The United States Embassy in Slovakia hosted a celebration for the 248th anniversary of American independence, where Ambassador Rana addressed attendees including Slovak Deputy Prime Ministers Kalinak and Kmec, Deputy Speaker Simecka, ministers,...
World Bank boosts support for education sector in Lesotho
By Globe Banner | Jul 1, 2024
MASERU - July 1, 2024 - A new package of World Bank support to Lesotho will see a major boost for the country’s education sector with work focused on enhancing infrastructure and physical learning conditions in targeted primary and secondary schools and improving the quality of teaching.
IMF & World Bank announce Bretton Woods at 80 initiative
By Globe Banner | Jul 1, 2024
WASHINGTON, July 1, 2024—In recognition of the 80th anniversary of the United Nations Monetary and Financial Conference (the “Bretton Woods Conference”), the International Monetary Fund and the World Bank Group today announced the launch of a consultation tasked with developing a long-term view on the future of the world economy, international cooperation, and the roles of the Bank and the Fund.
Nordea to release half-year financial results on July 15
By Globe Banner | Jul 1, 2024
Nordea Bank is set to release its half-year financial results for 2024 on July 15.