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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.
U.S., Timor-Leste defense forces unite for CARAT maritime exercise
By Globe Banner | Jul 1, 2024
The U.S. Navy and Timor-Leste Defense Force are collaborating in the Cooperation Afloat Readiness and Training (CARAT) Exercise in Timor-Leste, marking the 30th year of this exercise series.
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.
Sustainable initiatives transform livelihoods for Amazonian communities
By Globe Banner | Jul 1, 2024
Roberto Brito de Mendonça, 48, a community leader from Tumbira, inherited the logging trade from his father and grandfather. For 26 years, he endured many hungry nights in the forest. By day, he cut down trees that would sell for a fair price in the market. This all changed in 2010 when the Bolsa Floresta Program (PBF), a public policy from the Brazilian state of Amazonas, provided resources and training for the community to develop sustainable, community-based businesses, including tourism.
US highlights commitment to human rights at IACHR's 65th anniversary
By Globe Banner | Jul 1, 2024
Suzanne B. Goldberg, Senior Advisor at the U.S. Department of State, delivered remarks on June 25, 2024, commemorating the 65th anniversary of the Inter-American Commission on Human Rights (IACHR).
World Bank Group launches unified guarantee platform aiming for $20 billion annual issuance
By Globe Banner | Jul 1, 2024
Starting today, the World Bank Group (WBG) guarantee platform is operational. The platform, hosted by the Multilateral Investment Guarantee Agency (MIGA), consolidates products and expertise from the World Bank, International Finance Corporation (IFC), and MIGA to enhance simplicity, efficiency, and speed in development financing. It aims to increase WBG annual guarantee issuance to $20 billion by 2030.
U.S. promotes gender equality in multilateral decision-making spaces
By Globe Banner | Jul 1, 2024
Suzanne B. Goldberg, Senior Advisor and Legal Expert at the U.S. Department of State, addressed an audience in Paraguay on June 25, 2024, emphasizing the importance of gender equality in multilateral decision-making spaces.
Camille Nuamah appointed as World Bank manager for Bolivia
By Globe Banner | Jul 1, 2024
La Paz, July 1, 2024 – Camille Nuamah has assumed the role of World Bank Group Country Manager for Bolivia. This position aims to unify country-level leadership across the institution to better support Bolivia’s public and private sector priorities. The new role provides a single point of contact for accessing the full range of World Bank Group products and services, enhancing the institution's ability to address global challenges and drive development with increased speed, efficiency, and impact.
OAS reaffirms commitment to democracy at its 54th General Assembly
By Globe Banner | Jun 29, 2024
The Inter-American Democratic Charter (IADC), adopted by the Organization of American States (OAS) on September 11, 2001, underscores a collective commitment to democracy in the Americas.
United States underscores commitment at OAS General Assembly
By Globe Banner | Jun 29, 2024
The 54th General Assembly of the Organization of American States (OAS) took place from June 26 to June 28, 2024, in Asunción, Paraguay.
Burkina Faso urged to adopt reforms for sustainable economic transformation
By Globe Banner | Jun 28, 2024
The latest Country Economic Memorandum for Burkina Faso reveals that rapid economic growth over the past two decades has not resulted in the structural transformation needed for future success.
World Bank launches two major economic reports for Burkina Faso
By Globe Banner | Jun 28, 2024
OUAGADOUGOU, June 27, 2024 – The World Bank today launched two significant economic reports for Burkina Faso: the Burkina Faso Economic Update and the Country Economic Memorandum (CEM).
World Bank highlights need for improved public spending on healthcare in Uganda
By Globe Banner | Jun 28, 2024
The Ugandan economy remains resilient and is growing amid intensifying climate shocks and a challenging global environment. The outlook is positive, buoyed by diversified exports and investments in developing oil export infrastructure ahead of the start of oil production in 2025, according to the new World Bank Uganda Economic Update: Improving Public Spending on Health to Build Human Capital. The report notes that real gross domestic product (GDP) growth accelerated from 5.3% in FY22/23 to an estimated 6% in FY23/24. Low inflation and recovery of real income and employment...
NCUA issues prohibition orders against three individuals
By Globe Banner | Jun 28, 2024
The National Credit Union Administration (NCUA) issued one consent and two prohibition notices in June 2024, permanently prohibiting three individuals from participating in the affairs of any federally insured depository institution.
World Bank approves $1.5 billion financing to aid India's low-carbon transition
By Globe Banner | Jun 28, 2024
The World Bank’s Board of Executive Directors has approved $1.5 billion in financing to support India’s transition to low-carbon energy. The operation aims to develop a market for green hydrogen, scale up renewable energy, and stimulate finance for low-carbon investments.
World Bank appoints Dina Abu-Ghaida as new country manager for Yemen
By Globe Banner | Jun 28, 2024
The World Bank Group announced the appointment of Dina Abu-Ghaida as Country Manager for Yemen, a role aimed at unifying country-level leadership to support both public and private sector priorities. Based in Amman, Jordan, Abu-Ghaida will lead the institution’s engagement in Yemen, involving policy dialogue with government officials, civil society, the private sector, and development partners.
WTO members advance sixth review of SPS agreement amid rising trade concerns
By Globe Banner | Jun 28, 2024
Every four years, WTO members review their implementation of the SPS Agreement. The proposed process for the Sixth Review was discussed and adopted by members at an SPS Committee meeting in November 2023.
U.S. releases 2024 report on global human trafficking efforts
By Globe Banner | Jun 28, 2024
The Trafficking in Persons (TIP) Report serves as the U.S. government's main diplomatic and diagnostic tool for addressing human trafficking with foreign governments.