Latest News
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.
Algerian startups set for U.S. learning expedition
By Globe Banner | Sep 18, 2024
Ambassador Aubin recently met with the first group of Algerian startups preparing to travel to the United States.
WTO dialogues address enhancing capacities and inventories for tackling plastic waste
By Globe Banner | Sep 18, 2024
On September 18, 2024, discussions at the Plastics Pollution Dialogue focused on two critical areas: capacity building and inventories of trade-related plastic measures (TrPMs). These discussions are essential for addressing plastics pollution while maintaining trade as a part of the solution.
WTO-FIFA partnership begins national consultations on cotton initiative in Benin
By Globe Banner | Sep 18, 2024
The “Partenariat pour le Coton” initiative, launched in February 2024 following the signing of the WTO-FIFA Memorandum of Understanding (MoU) in 2022, brings together public and private sector partners to support the C-4 plus countries in moving up the cotton value chain and ensuring greater benefits for these nations.
WTO members seek momentum for agriculture talks ahead of ministerial conference
By Globe Banner | Sep 18, 2024
Summarizing his informal consultations with members last week, the Chair of the negotiations, Ambassador Alparslan Acarsoy of Türkiye, highlighted a recurring emphasis on the need to rebuild trust among members.
World Bank Vice President visits Bangladesh for high-level meetings
By Globe Banner | Sep 18, 2024
DHAKA, September 18, 2024 — The World Bank Vice President for the South Asia Region, Martin Raiser, arrives in Dhaka today.
Masimo Corporation faces pivotal moment for shareholders this week
By Globe Banner | Sep 17, 2024
Masimo Corporation, a global leader in non-invasive medical monitoring technology, faces a significant decision on Sep. 19 that could reshape its future. The upcoming annual shareholder meeting on Thursday will address whether to retain long-serving CEO Joe Kiani or bring in Quentin Koffey, a representative of hedge fund Politan Capital Management.
Social accountability initiatives transform lives: A case study from Cambodia
By Globe Banner | Sep 17, 2024
Channa Pak’s journey from waste picker in an urban slum in Phnom Penh to becoming one of 3,523 Community Accountability Facilitators in Cambodia exemplifies the transformative power of social accountability initiatives. The Social Accountability Forum held in Phnom Penh on March 29, 2024, brought together government ministries, civil society organizations, development partners, the media, and youth groups to highlight the impact of citizen engagement on public service delivery.
World Bank supports Rwandan initiative on skill development
By Globe Banner | Sep 17, 2024
Investing in skills development across key sectors of the economy is crucial to accelerating the growth of Rwanda’s private sector and achieving the country’s economic targets, as outlined in Vision 2050.
Rwanda's economy grows by nearly ten percent amid global slowdown
By Globe Banner | Sep 17, 2024
Rwanda's Economy Registers Strong Growth in Early 2024 Despite Persistent Challenges
WTO advances Sixth Review of Sanitary and Phytosanitary Measures Agreement
By Globe Banner | Sep 17, 2024
At a recent meeting of the SPS Committee, WTO members discussed the revised background document, the draft report of the Sixth Review, and the draft recommendations proposed by the WTO Secretariat. These discussions were based on previous dialogues held during the review process. All pertinent documents are accessible on the webpage dedicated to the Review of the SPS Agreement.
WTO members discuss post-MC13 e-commerce work programme focusing on development
By Globe Banner | Sep 17, 2024
Members of the World Trade Organization (WTO) convened to discuss the work programme on e-commerce following the 13th Ministerial Conference (MC13), with a particular focus on development. The meeting took place on September 17, 2024.
World Bank outlines strategies for Maldivian climate resilience in new report
By Globe Banner | Sep 17, 2024
The Maldives, with an economy heavily reliant on tourism and fisheries, faces significant threats from climate change. These two sectors account for nearly half of the nation's GDP and employment. The impacts of climate change on coral reefs and fisheries are already evident and are projected to worsen by mid-century under both high and moderate emission scenarios. This environmental degradation poses severe risks to the Maldives' economy and ecosystems.
Dominica leverages natural resources for climate resilience and economic growth
By Globe Banner | Sep 17, 2024
Dominica is not a typical Caribbean island. While it lacks white sand beaches, its beauty is evident through its lush forests, geothermal springs, rivers, and waterfalls. Dominica's forests cover more than 60 percent of the island's landmass and are home to diverse species such as the Jaco parrot and the Manicou possum.
Fintopio CEO on imprisoned Binance employee: 'What is happening to Tigran is unconscionable'
By Globe Banner | Sep 17, 2024
Fintopio CEO Steve Milton described the Nigerian government's treatment of Binance's Tigran Gambaryan as "unconscionable" given his dedication to law enforcement and his lack of decision-making authority within the company. Milton shared his statement in a September 2 post on X.
Department of State launches updated Smart Traveler Enrollment Program
By Globe Banner | Sep 17, 2024
The Department of State has unveiled a revamped version of the Smart Traveler Enrollment Program (STEP) on September 16, 2024.
UAE donates USD 1 million to WTO Fish Fund
By Globe Banner | Sep 17, 2024
The United Arab Emirates has donated USD 1 million to the World Trade Organization (WTO) Fish Fund, marking a significant contribution towards global sustainable fishing practices. WTO Director-General Ngozi Okonjo-Iweala acknowledged the donation, stating, "The generous contribution from the United Arab Emirates to the WTO Fish Fund is an important step towards supporting sustainable fishing practices globally. It will help fellow WTO members meet their obligations under the landmark Agreement on Fisheries Subsidies and manage their fisheries sustainably. I am grateful for...
Solomon Islands study identifies key areas for economic growth
By Globe Banner | Sep 17, 2024
The Solomon Islands Country Economic Memorandum Sources of Growth Study emphasizes opportunities to boost growth in the country through digitalization, improved transport connectivity, and better urban planning. It also outlines steps to stimulate private-sector investment in tourism, agriculture, and fisheries.