The global push for digital transformation is gaining momentum, with global institutions increasingly taking part in shaping the landscape. The recent World Bank’s inaugural Global Digital Summit, which convened leaders from government, the private sector and academia, highlights this trend. The three-day conference, held March...
Proponents of blockchain’s underlying technical capabilities are determined to shake off its cryptocurrency-centric associations. In large part by finding historical opportunity areas within the traditional financial sector that digital assets were originally designed to replace. After all, the technology’s innovative capability for storing and moving...
The World Bank isn’t banking on the world’s economy getting much better. At least in the near term. In its semiannual Global Economic Prospects report, the 189-member international financial institution warned that the 2020s are shaping up to be a “decade of wasted opportunity,” with...
The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have reportedly joined forces to explore the concept of tokenization. This collaboration aims to leverage tokenization technology to streamline financial processes and enhance global economic development, Reuters reported Tuesday (Nov. 28). Tokenization involves converting traditional financial assets into...
March 08, 2024
The global push for digital transformation is gaining momentum, with global institutions increasingly taking part in shaping the landscape. The recent World Bank’s inaugural Global Digital Summit, which convened leaders from government, the private sector and academia, highlights this trend. The three-day conference, held March 5-7, spotlighted the significant impact of digital technologies across various […]
February 16, 2022
“Societies aren’t fully tapping their potential if they’ve got half of the population on the sidelines.” That statement by Wendy Teleki, head of The Women Entrepreneurs Finance Initiative (We-Fi) Secretariat...
June 08, 2020
The World Bank distributes about $25 billion a year to countries through governments that identify areas where investment is needed and capital can be deployed to build infrastructure. Traditional conduits...
June 11, 2024
A new report from the World Bank has good news and bad news about the global economy. The good news, according to the Global Economics Prospects 2024 report issued Tuesday (June 11), is that global growth remains steady, inflation has dropped to a three-year low and financial conditions have improved. “Yet, more than four years […]
November 28, 2023
The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have reportedly joined forces to explore the concept of tokenization. This collaboration aims to leverage tokenization technology to streamline financial processes...
March 27, 2023
Nations need to make changes to prevent an anticipated slump in global growth. So said the World Bank in a report released Monday (March 27) that found average global potential...
February 23, 2023
The United States has nominated former Mastercard CEO Ajay Banga to lead the World Bank. President Joe Biden announced the nomination Thursday (Feb. 23), citing Banga’s experience in managing businesses,...
