Latest News
Integration urged at UN Committee's business and trade statistics meeting
By Globe Banner | Sep 24, 2024
DDG Ellard opened the 7th meeting of the UN Committee of Experts on Business and Trade Statistics on September 24, 2024. In her address, she emphasized the need to integrate traditional trade statistics with business statistics to gain a comprehensive view of global trade patterns.
World Bank launches $2.5 billion clean energy program in East Asia
By Globe Banner | Sep 24, 2024
A new World Bank program aims to help developing countries in East Asia and the Pacific increase their renewable energy capacity. The $2.5 billion initiative is part of a global effort to accelerate the transition to low-carbon energy and combat climate change.
IMF and World Bank host high-level retreat for Bretton Woods at 80 Initiative
By Globe Banner | Sep 24, 2024
As part of the Bretton Woods at 80 Initiative, the International Monetary Fund (IMF) and the World Bank Group will host a high-level retreat in Bretton Woods, New Hampshire, on September 26-27, 2024.
Binance CEO: 'proud to have successfully secured our 19th global regulatory approval in India'
By Globe Banner | Sep 24, 2024
Binance CEO Richard Teng said that Binance's regulatory approval in India demonstrates the company's commitment to collaborating with regulators globally to advance crypto adoption. Teng shared his statement during a virtual "ask me anything," and Binance published his remarks on September 18.
UN committee highlights importance of integrated business-trade stats
By Globe Banner | Sep 24, 2024
The 7th meeting of the UN Committee of Experts on Business and Trade Statistics took place at the World Trade Organization. This event underscored the collaboration between the United Nations and the World Trade Organization in statistics, covering methodological work and capacity building in developing economies.
Mongolia continues push for gender equality amid ongoing challenges
By Globe Banner | Sep 24, 2024
ULAANBAATAR, September 24, 2024 — Despite significant equality reforms over recent years, women in Mongolia continue to face impediments to equal participation that could see past progress recede.
World Bank approves $80 million to improve higher education in Cambodia
By Globe Banner | Sep 24, 2024
The World Bank's Board of Executive Directors has approved $80 million in financing to support Cambodia’s efforts to enhance the quality of higher education and research, particularly in the fields of science, technology, engineering, and mathematics (STEM). The funding for this initiative comes from the International Development Association (IDA), which is the World Bank’s concessional lending arm for low-income countries.
World Bank highlights steps needed to boost Polish economy
By Globe Banner | Sep 24, 2024
A new World Bank report emphasizes that productivity growth through faster technological adoption, labor market reforms, and a smart industrial strategy aligned with green ambitions is crucial for Poland's economic competitiveness. This must be coupled with increased social inclusion as the country faces challenges such as an aging population and the costs of delayed decarbonization.
World Bank reports persistent poverty challenges despite macroeconomic gains in Somalia
By Globe Banner | Sep 24, 2024
Somalia has achieved notable macroeconomic progress in recent years, but poverty remains a significant challenge, according to a new World Bank report titled "Somalia Poverty and Equity Assessment." The report indicates that over half of the population still lives below the national poverty line.
Indonesia initiates safeguard probe on plastic tarpaulins
By Globe Banner | Sep 23, 2024
Indonesia has initiated a safeguard investigation on tarpaulins made from plastics and synthetic fibers. The notification includes contact information for the Investigating Authority, the Indonesian Safeguards Committee (Komite Pengamanan Perdagangan Indonesia - KPPI), located at Jl. M.I. Ridwan Rais No.5, Building I, 5th floor, Jakarta 10110. Interested parties can reach them via telephone or facsimile at (62-21) 385 7758 or email at kppi@kemendag.go.id.
World Bank signs six climate debt clauses amid Hurricane Beryl crisis
By Globe Banner | Sep 23, 2024
No one expected a Category 5 hurricane this early, though the Caribbean was already bracing for an active hurricane season. Hurricane Beryl approached the Caribbean in June, just as the hurricane season began; this was a rare occurrence.
State Department launches new version of Smart Traveler Enrollment Program
By Globe Banner | Sep 23, 2024
On September 16, 2024, the Department of State launched an updated version of the Smart Traveler Enrollment Program (STEP). U.S. citizens are encouraged to re-enroll in the system at step.state.gov to continue receiving alerts.
Chainlink communications director: 'Co-founder Sergey Nazarov took the stage at #Token2049'
By Globe Banner | Sep 23, 2024
Chainlink Communications Director Chris Barrett said that the company's co-founder spoke at the Token 2049 conference in Singapore about advances in financial technology. Barrett shared his statement in a Sept. 18 post on X.
MultiversX co-founder: 'talking to incredible people about the next big things in Web3' at Token 2049
By Globe Banner | Sep 23, 2024
MultiversX Co-founder Lucian Mincu said that global Web3 leaders are participating in the Token 2049 conference in Singapore and invited other attendees to visit the MultiversX booth. Mincu shared his statement in a Sept. 18 post on X.
WTO panel established amid disputes over US Inflation Reduction Act tax credits
By Globe Banner | Sep 23, 2024
China has submitted a second request to establish a panel to review certain tax credits under the United States Inflation Reduction Act (IRA). The request aims to determine if these tax credits align with World Trade Organization (WTO) rules. The United States had previously rejected China's first request in July, citing the necessity of these actions to combat climate change. China argues that the IRA's subsidies favor US goods over imports, which they claim violates WTO rules against such discrimination.
Denmark increases pledge by 40% to World Bank's IDA fund
By Globe Banner | Sep 23, 2024
Denmark has announced a significant increase in its financial commitment to the World Bank’s International Development Association (IDA). The pledge of DKK 3,300 million marks a 40% increase compared to the previous IDA replenishment cycle.
World Bank urges Zambia to enhance revenue mobilization
By Globe Banner | Sep 23, 2024
A new Public Finance Review (PFR) report has highlighted the urgent need for Zambia to enhance revenue mobilization and improve fiscal governance. The report calls for significant reforms in public investment management and state-owned enterprises (SOEs) to drive sustainable economic growth and reduce poverty.
Demonstrations in La Paz prompt U.S. Embassy alert
By Globe Banner | Sep 23, 2024
Demonstrations and counter-demonstrations are taking place in La Paz, Bolivia, starting September 23, 2024.
Binance CEO: 'Had a great time meeting the global crypto community' at Token 2049
By Globe Banner | Sep 20, 2024
Binance CEO Richard Teng said he enjoyed meeting members of the crypto community during the first day of the Token 2049 conference in Singapore. Teng shared his statement in a Sept. 18 post on X.
Canada pledges CAD 250K for global food safety standards
By Globe Banner | Sep 20, 2024
Canada has pledged CAD 250,000 to support food, animal, and plant health standards through the Standards and Trade Development Facility (STDF), a global partnership promoting safe and inclusive trade. This contribution was welcomed by WTO Director-General Ngozi Okonjo-Iweala, who emphasized its significance for agricultural innovation and global food security.