WASHINGTON, Dec. 11, 2025— A proliferating set of international standards—covering everything from food labeling to the specifications of 5G cellular networks—is steadily reshaping the global economic order, delivering hefty benefits to the wealthy nations and large multinational companies that set them while leaving many developing countries on the sid...
Continued progress in public governance, including stronger fiscal management and greater use of digital government tools, will help governments in Southeast Asia (SEA) unlock further growth and effectively serve the public, according to a new OECD and Asian Development Bank (ADB) report.The second edition of Government at a Glance: Southeast Asia&nbs...
In 2016, Jean‑Marie Ndikumana made the painful decision to flee from home. He abandoned his promising university studies in banking and finance at the Université Martin Luther King in Bujumbura, Burundi. When he arrived in Kenya’s Kakuma refugee camp, he faced isolation, harsh conditions, and the abrupt end of his academic ambitions. However,...
At the International Trade Centre, we produce dozens of publications a year. In ITC publications, we pull together insights from our vast collections of trade data and apply that to our experience working with small businesses on the ground. We’re also conducting independent research throughout the year, looking at policy issues that affect small bus...
Governing Council endorses recommendations of High-Level Task Force on Simplification, which include:reducing the number of elements in the risk-weighted and leverage ratio frameworkintroducing a materially simpler prudential regime for smaller banks, which expands on the existing EU regimeintroducing a European governance mechanism that takes a holistic v...
The 3rd Strategic Retreat of the Board of Directors (“Board”) took place on December 2, 2025, at the NDB Headquarters, focusing on matters related to the Bank’s General Strategy for 2027-2031 and Independent Evaluation.On December 4-5, 2025, the Board convened its 49th Meeting at the Bank’s Headquarters in Shanghai, China.Funding and Treasury...
Jeddah, Kingdom of Saudi Arabia, 10 December 2025 – The Islamic Development Bank (IsDB) Group, headquartered in Jeddah, Kingdom of Saudi Arabia, and the New Development Bank (NDB) based in Shanghai, China, have formalized their strategic partnership by signing a Memorandum of Understanding (MoU) to strengthen collaboration on infrastructure and susta...
Governments need to improve access to lifelong learning to narrow skills gaps and ensure everyone is equipped to succeed in today’s labour markets. Socio-economic background remains a major factor in differences in skills, highlighting the need to enhance training opportunities and draw on untapped human potential, according to a new OECD report.The ...
Vienna, Austria, 9 December 2025 - The International Vienna Energy and Climate Forum (IVECF 2026), to be convened on 9–10 April 2026 at Vienna’s Hofburg Palace, comes at a pivotal moment. As the world races to deliver on sustainable development, energy and climate goals, growing concerns over international security and stability emph...
New York – The Government of Austria has renewed its partnership with the United Nations Development Programme, through a significant contribution of 1,219,000 EUR in core resources. This renewed collaboration comes at a time when global cooperation is more crucial than ever. The support will enable UNDP to accelerate sustainable development progress...
