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OPINION: The risks and constraints of Moldova’s EU accession
By Octavian Calmîc | Sep 19, 2024
While the current Moldovan government presents the European Union only in terms of the political advantages it offers, which cannot be disputed, less is said about the risks and constraints that accession may bring.
Preqin forecasts $29.2tn global alternatives AUM by 2029
By Globe Banner | Sep 19, 2024
Preqin released a report predicting global alternatives Assets Under Management (AUM) could reach $29.22tn by 2029, with the reported level being $16.78tn at the end of 2023.
World Bank pledges $2.3 billion support package during VP Raiser's visit to Bangladesh
By Globe Banner | Sep 19, 2024
DHAKA, September 19, 2024—The World Bank Vice President for South Asia, Martin Raiser, concluded his visit to Bangladesh today and pledged the World Bank's support for critical reforms to help the country achieve inclusive and sustainable growth.
US commits additional $39M for development projects in Ecuador
By Globe Banner | Sep 19, 2024
The United States and Ecuador have formalized an additional $39 million in funding under the Development Assistance Agreement (DOAG).
World Bank’s listening surveys offer insights into socioeconomic conditions globally
By Globe Banner | Sep 19, 2024
Listening Surveys are nationally representative monthly surveys on social and economic wellbeing, providing fast and reliable data that are especially useful during transition and complex reform periods.
World Bank urges $3.7 billion annual investment for Ecuador's climate strategy
By Globe Banner | Sep 19, 2024
Between 2025 and 2050, Ecuador requires an annual investment of 3.5 percent of GDP to mitigate and adapt to climate change.
India strengthens national nutrition mission targeting early childhood
By Globe Banner | Sep 19, 2024
India has long been addressing the challenge of undernutrition, particularly through its Integrated Child Development Services (ICDS) program, operational since 1975. Despite progress between 2005 and 2019, with stunting among children under five decreasing from 48% to 35.5%, and underweight children from 42.5% to 32.1%, undernutrition remains a significant issue.
Guinea’s economic update emphasizes agriculture’s role in sustainable development
By Globe Banner | Sep 19, 2024
Agriculture is pivotal for Guinea's structural transformation and climate resilience, serving as a cornerstone for inclusive growth and a sustainable future.
World Bank approves $90M funding boost for Djibouti economic corridor
By Globe Banner | Sep 19, 2024
The World Bank’s Board of Directors has approved US$90 million in additional financing for the Horn of Africa Initiative: Djibouti Regional Economic Corridor project. The new support will expand the scope of the US$70 million original project, approved in December 2021, to enhance regional connectivity and resilience, logistics efficiency, and improve accessibility for the population living in Djibouti along the Djibouti-Addis Southern corridor.
World Bank approves $100.4 million project for Burkina Faso
By Globe Banner | Sep 19, 2024
The World Bank has approved a $100.4 million Human Capital Protection Project to support Burkina Faso's efforts in delivering basic social services. The project aims to improve access to health and education services in the country.
Guinea's economic update reveals strong growth driven by mining sector
By Globe Banner | Sep 19, 2024
The First Annual Edition of the Guinea Economic Update: Natural Resource Management for Development presents an overview of Guinea’s evolving macroeconomic position, recent economic developments, macroeconomic outlook, and risks. It highlights the importance of agriculture for structural transformation and climate-proofing Guinea’s economy. It also includes measures that could help the Guinean Government foster agricultural growth that is more productive, inclusive, resilient to climate change risks, and contributes less to climate change.
U.S.-Ecuador boost cooperation on maritime security during Admiral Fagan's visit
By Globe Banner | Sep 19, 2024
Admiral Linda Fagan, Commandant of the U.S. Coast Guard, visited Quito on September 19, 2024, to discuss maritime operations and enhance cooperation with Ecuador.
US current-account deficit grows 10% in Q2 2024
By Globe Banner | Sep 19, 2024
The U.S. Bureau of Economic Analysis has reported a significant increase in the nation's current-account deficit for the second quarter of 2024.
World Bank unveils framework for sustainable artisanal mining
By Globe Banner | Sep 19, 2024
The World Bank today unveiled a new vision to unlock the potential of artisanal and small-scale mining (ASM) to drive economic growth, boost development, and reduce poverty in developing countries. The sector, which supplies minerals essential for the global clean energy transition, continues to face significant challenges, including environmental harm, gender inequality, human rights issues, and health and safety risks.
UAE contributes $4 million for LDC trade capacity enhancement
By Globe Banner | Sep 19, 2024
The UAE's contribution—its first to the Enhanced Integrated Framework (EIF)—will finance initiatives in Least Developed Countries (LDCs) aimed at strengthening trade capacities and facilitating these countries' integration into the global trading system. Discussions on establishing a new multilateral support mechanism for LDCs are currently taking place in a taskforce at the World Trade Organization (WTO). The UAE is the fifth donor to the EIF Interim Facility, which was established to maintain momentum in supporting LDCs during the transition period until the new...
World Bank's "Mission 300" aims for widespread electrification in Sub-Saharan Africa by 2030
By Globe Banner | Sep 19, 2024
Africans, soon to be the world’s largest workforce, have an opportunity to transform their region into a global economic powerhouse—provided they have access to modern power.
World Bank renews partnership with Romania aiming at growth competitiveness
By Globe Banner | Sep 19, 2024
The World Bank Group’s Board of Executive Directors has endorsed a new five-year Country Partnership Framework (CPF) for Romania. The framework aims to reduce poverty and promote prosperity across the country by improving human capital outcomes, creating better job opportunities and a more competitive economy, and speeding up the green transition.
World Bank reports record $42.6 billion climate finance for fiscal year 2024
By Globe Banner | Sep 19, 2024
WASHINGTON, September 19, 2024 -- The World Bank Group delivered a record $42.6 billion in climate finance in fiscal year 2024—which covers July 1, 2023 to June 30, 2024—supporting efforts to end poverty on a livable planet, investing in cleaner energy, more resilient communities, and stronger economies. This represents a 10% increase in climate finance compared to the previous year.
World Bank urges urgent reforms for Solomon Islands' economic resilience
By Globe Banner | Sep 19, 2024
Research shows reform could drive country to upper-middle income status by 2040
Binance announces speaker lineup for Blockchain Dubai 2024
By Globe Banner | Sep 18, 2024
Binance announced the initial speaker lineup for Binance Blockchain Dubai 2024, featuring prominent figures from Circle, Nansen, Dubai Future Foundation, and Wamda Capital. Additional speakers are expected to be revealed soon.