Francine Lacqua sits down with Ajay Banga to discuss his journey to becoming president of the World Bank Group. From his childhood in India to a career in the private sector and eventually leading one of the world’s most influential institutions, Banga shares his leadership principles and discusses how emerging markets face a historic youth jobs gap that risks social unrest and increased migration. -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access ...

Ukrainian Railways has contracted Alstom for the delivery of 55 Traxx Hauler dual-voltage locomotives following a competitive tender process. The agreement was formalised at a ceremony in Paris attended by French President Emmanuel Macron and Ukrainian President Volodymyr Zelenskyy, as well as representatives from the European Bank for Reconstruction and Development (EBRD) and the World Bank Group. The procurement is primarily financed through a €300m ($348.6m) loan from the EBRD and an investment grant ...

Core Insights - Global port performance declined from 2020 to 2024 due to the Red Sea Crisis, challenges at the Panama Canal, and pandemic-related shocks, but some developing country ports showed improvement [1][2][3] Performance by Region - East Asian ports led the rankings in 2024, while South Asian ports experienced significant recovery over the past year [2] - North American and European ports maintained performance scores close to those of 2023, demonstrating resilience [2] Improvements in Developing Countries - Notable improvements were observed in several developing country ports, including Dakar (Senegal), Jawarharlal Nehru (India), Mersin (Türkiye), Port Said (Egypt), and Posorja (Ecuador) between 2020 and 2024 [3] Factors Contributing to Improvement - Improvements in port performance were attributed to strong political commitment, partnerships with global terminal operators, streamlined trade procedures, and targeted investments from financial institutions [4] Operational Efficiency Insights - The report emphasizes total vessel time in port as a key indicator of operational efficiency, crucial for understanding global trade resilience and reliability [5] - The introduction of 24/7 crane operations, optimal crane deployment, and digital platforms connecting customs and logistics partners can enhance competitiveness and resilience [6] Diagnostic Tool for Stakeholders - The CPPI serves as a diagnostic tool for stakeholders to identify structural inefficiencies and develop strategies for enhancing port operations, which is essential for economic growth and competitiveness [7]