Tag: Finance

International Monetary Fund
United States

International Monetary Fund and World Bank Group Announce Tanzania as the Second Country Benefitting from the Enhanced Cooperation Framework for Scaled-Up Climate Action

October 10, 2024 Washington, DC: The World Bank Group (WBG) and the International Monetary Fund (IMF) are pleased to announce that Tanzania is the second country benefiting from the Enhanced Cooperation Framework for Climate Action (the Framework). This follows the approval of an arrangement under the Resilience and Sustainability Facility (RSF) in June 2024 by the IMF Executive Board, and the WBG’s active engagement on climate action in the country. … Continue reading International Monetary Fund and World Bank Group Announce Tanzania as the Second Country Benefitting from the Enhanced Cooperation Framework for Scaled-Up Climate Action

Impact Newswire
World Bank Group
United States

North Macedonia Faces Severe Climate Change Impacts and Needs Major Investments to Protect People and Economy

Skopje, October 7, 2024 – North Macedonia could face economic damages of up to 4 percent of its gross domestic product (GDP) by 2050 due to the impact of changing climate, highlights the World Bank Group’s new Country Climate and Development Report (CCDR) for North Macedonia launched in Skopje today. According to the report, North Macedonia needs to invest US$6.4 billion over the next decade to effectively protect people and … Continue reading North Macedonia Faces Severe Climate Change Impacts and Needs Major Investments to Protect People and Economy

Impact Newswire
Un Energy Compacts
Global

Finance commitments under Energy Compacts reach $1.4 trilliontowards achieving global goals on clean energy

New report shows continued investment and impact, but more is neededto address energy poverty and transition in underserved countries New York, 25 September 2024 — New commitments to boost renewable energy and increase access to electricity and clean cooking technologies by 2030 have brought the finance and investment pledged through the United Nations for the energy transition to US$ 1.4 trillion, according to a report … Continue reading Finance commitments under Energy Compacts reach $1.4 trilliontowards achieving global goals on clean energy

Impact Newswire
swissbanking
Europe

The impact of geopolitics on the Swiss financial centre 

At the 2024 Swiss Bankers Association Bankers Day, Chairman Marcel Rohner emphasized the importance of Switzerland’s political and economic stability, highlighting key areas such as neutrality, property rights protection, and consistent sanction policies. Four new members joined the SBA Board of Directors. The event underscored geopolitics’ impact on Switzerland’s financial centre. Continue reading The impact of geopolitics on the Swiss financial centre 

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Mastercard
Global

Mastercard invests in continued defense of global digital economy with acquisition of Recorded Future

Mastercard announced the $2.65 billion acquisition of global threat intelligence company, Recorded Future, to enhance its cybersecurity services and provide greater threat intelligence across its network. The acquisition aims to improve cyber risk mitigation using AI, benefiting Mastercard’s vast client base, fostering innovation, and extending Recorded Future’s market reach. Continue reading Mastercard invests in continued defense of global digital economy with acquisition of Recorded Future

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Standard and Poor’s Global
Global

S&P Upgrades Jamaica from ‘B+’ to ‘BB-’, Outlook Remains “Stable”

Kingston, Jamaica: Wednesday, September 13, 2023 Standard and Poor’s Global Ratings, today, September 13, 2023, upgraded the Government of Jamaica’sLong-Term Foreign and Local Currency Issuer Default Rating (IDR) from ‘B+’ to ‘BB-’ with a stableoutlook. The S&P rating reflects the agency’s projections that Jamaica’s debt-to-GDP will continue to decline,led by modest fiscal surpluses, over the medium-term. While the government’s interest burden remainshigh, S&P expects that … Continue reading S&P Upgrades Jamaica from ‘B+’ to ‘BB-’, Outlook Remains “Stable”

Impact Newswire
Yonsei University Joins Ripple’s UBRI
United States

Yonsei University Joins Ripple’s UBRI to Drive Innovation in Blockchain Research

Partnership with one of South Korea’s most prestigious academic institutions is Ripple’s 58th UBRI partnership globally and 12th within Asia Pacific SEOUL, South Korea – Ripple, the leading provider of digital asset infrastructure, announced today that Yonsei University in South Korea is the latest partner to join its University Blockchain Research Initiative (UBRI) program. This new partnership with one of South Korea’s most prestigious academic institutions marks Ripple’s 58th … Continue reading Yonsei University Joins Ripple’s UBRI to Drive Innovation in Blockchain Research

Impact Newswire
Central Pacific Financial
United States

Veteran Banker Ralph Mesick Joins CPB as Senior Executive Vice President and Chief Risk Officer

HONOLULU – Ralph Mesick, a veteran Hawaii banker with nearly 40 years of financial services experience, has joined Central Pacific Bank (CPB) as its Senior Executive Vice President and Chief Risk Officer, according to an announcement today by Arnold Martines, CPB chairman, president, and chief executive officer. “The bank was started for our community, by our community, and I look forward to helping build our … Continue reading Veteran Banker Ralph Mesick Joins CPB as Senior Executive Vice President and Chief Risk Officer

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