Binghamton University hosts watch party for Nobel Prize ceremony

first_imgThe viewing party was open to everyone at the Center of Excellence at the Innovative Technology Complex. The ceremony was live streamed from Stockholm, Sweden. “It establishes Binghamton University as a world class research university, it shows the fact that we have faculty here who can win at the highest level. We knew this already, we knew that we have outstanding faculty, this is just a confirmation that we can compete at any level.” said Vice President of Research Bahgat Sammakia. VESTAL (WBNG) — Binghamton University distinguished Professor M. Stanley Whittingham received his Nobel Prize in Chemistry Tuesday morning.center_img Whittingham is the first professor from Binghamton University to win a Nobel Prize. Whittingham is one of three sharing the award for the development of the lithium-ion battery, a proud day for all of his colleagues last_img read more

IMF, World Bank call for suspending debt payments by poorest nations

first_img“The coronavirus outbreak is likely to have severe economic and social consequences for IDA countries” which will face “immediate liquidity needs to tackle challenges posed by the coronavirus outbreak,” the organization said.Read also: Jokowi relaxes loan settlements to help small businesses cope with COVID-19 effectsThe IMF and World Bank called on the Group of 20 nations to support the initiative for “all official bilateral creditors to suspend debt payments from IDA countries that request forbearance.”In addition, the institutions called for an analysis of the financing needs these countries will face, and whether their total debt load is sustainable.Part of the World Bank, the IDA is one of the largest sources of assistance for the world’s 76 poorest countries, providing zero or low interest loans spread over 30 years or more, and grants to some distressed nations.In the fiscal year ending June 30, 2019, IDA commitments totaled US$22 billion, of which 36 percent was provided on grant terms, according to the World Bank.Topics : The International Monetary Fund and World Bank on Wednesday called for governments to put a hold on debt payments from the world’s poorest nations so they can battle the coronavirus pandemic.”The World Bank Group and the IMF believe it is imperative at this moment to provide a global sense of relief for developing countries as well as a strong signal to financial markets,” the Washington-based development lenders said in a joint statement.The move aims to help countries that are home to two-thirds of the world’s population living in extreme poverty — largely in sub-Saharan Africa — and qualify for the most generous, low-cost loans from the International Development Association (IDA) financed by wealthier nations.last_img read more