Latest News
KfW opens applications for Urban Living Awards with EUR 40k prize pool
By Globe Banner | Dec 17, 2024
Applications are now open for the KfW Award Urban Living 2025, marking the second occasion that KfW Group is offering these awards.
FSB proposes new policies to address leverage in non-bank finance
By Globe Banner | Dec 17, 2024
The Financial Stability Board (FSB) has released a consultation report with nine policy recommendations aimed at addressing leverage risks in the non-bank financial intermediation (NBFI) sector.
Ecuador's debt conversion secures funds for Amazon conservation
By Globe Banner | Dec 17, 2024
The Republic of Ecuador, with support from the U.S. International Development Finance Corporation (DFC), the Inter-American Development Bank (IDB), The Nature Conservancy (TNC), and Bank of America, has finalized a debt conversion backed by $1...
World Bank funds hydropower project in Tajikistan with $350 million grant
By Globe Banner | Dec 17, 2024
The World Bank has approved a $350 million International Development Association grant to support the completion of the Rogun Hydropower Plant (HPP) Project in Tajikistan.
Joint statement underscores support for Syrian people amid critical transition
By Globe Banner | Dec 17, 2024
The governments of the United States, the Arab Contact Group on Syria, Bahrain, France, Germany, Qatar, Türkiye, the United Arab Emirates, the United Kingdom, the European Union, and the UN Special Envoy for Syria have issued a joint statement...
IMF completes fifth review of facilities supporting Benin's economic progress
By Globe Banner | Dec 17, 2024
The International Monetary Fund (IMF) Executive Board has completed the Fifth Reviews of Benin's Extended Fund Facility (EFF) and Extended Credit Facility (ECF), along with the Second Review of the Resilience and Sustainability Facility (RSF).
World Bank shares stories of resilience from four countries
By Globe Banner | Dec 17, 2024
The World Bank has released an immersive story that explores how various governments and communities are working towards a resilient future.
Sun Life appoints Benjamin Deng as president for Asian asset management
By Globe Banner | Dec 17, 2024
Sun Life has announced the appointment of Benjamin Deng as President of Asia Asset Management, effective January 1.
New travel requirements for U.S. citizens visiting the UK from January 2025
By Globe Banner | Dec 17, 2024
The U.S. Embassy has issued a message for U.S. citizens regarding new travel requirements to the United Kingdom starting January 8, 2025.
World Bank urges Serbia to invest in climate resilience for economic growth
By Globe Banner | Dec 17, 2024
Serbia can bolster its economic growth and generate employment by investing in climate change resilience and decarbonization, according to a report released today by the World Bank Group.
World Bank backs project for digital growth and skill enhancement in Tajikistan
By Globe Banner | Dec 17, 2024
The World Bank has approved a new project aimed at enhancing digital services and improving digital skills in Tajikistan, with a focus on rural areas.
BiT Global: 'Coinbase engaged in predatory or anticompetitive conduct' to monopolize wBTC market
By Globe Banner | Dec 17, 2024
BiT Global has accused Coinbase of engaging in "predatory or anticompetitive conduct" to monopolize the wrapped Bitcoin (wBTC) market.
WTO sets dates for Ministerial Conference in Cameroon
By Globe Banner | Dec 16, 2024
Members of the World Trade Organization (WTO) have confirmed the dates for the 14th Ministerial Conference, which will be held in Cameroon in 2026.
Non-bank financial intermediation sees robust growth outpacing banking sector
By Globe Banner | Dec 16, 2024
The Financial Stability Board (FSB) has released its annual Global Monitoring Report on Non-Bank Financial Intermediation (NBFI), highlighting significant growth in the sector for 2023.
IMF comments on progress at CEMAC Heads of State summit
By Globe Banner | Dec 16, 2024
At the conclusion of the CEMAC Heads of State meeting, Abebe Aemro Selassie, Director of the IMF's African Department, issued a statement highlighting progress and ongoing challenges in the region.
KfW IPEX-Bank joins banking club to finance Finland's energy transition
By Globe Banner | Dec 16, 2024
A banking consortium, comprising KfW IPEX-Bank, Skandinaviska Enskilda Banken AB (SEB), and Hamburg Commercial Bank (HCOB), has committed over EUR 100 million to Auris Energia.
Europe urged to boost growth through market integration and smart policies
By Globe Banner | Dec 16, 2024
The European Union is reflecting on significant milestones and challenges as it celebrates Lithuania's 10 years in the euro area and the 25th anniversary of the Euro.
IMF approves $7.1M disbursement after completing Guinea-Bissau credit facility review
By Globe Banner | Dec 16, 2024
The International Monetary Fund (IMF) Executive Board has completed the seventh review under Guinea-Bissau's Extended Credit Facility (ECF) arrangement, allowing for a disbursement of approximately US$7.1 million.
IMF completes fourth review of Zambia's extended credit facility
By Globe Banner | Dec 16, 2024
The International Monetary Fund (IMF) Executive Board has completed the fourth review of Zambia's Extended Credit Facility (ECF) arrangement, leading to an immediate disbursement of approximately $184 million.