War is still exacting a heavy toll on Ukraine’s economy. The country’s GDP is a quarter smaller than on the eve of Vladimir Putin’s invasion, the central bank is tearing through foreign reserves and Russia’s recent attacks on critical infrastructure have depressed growth forecasts. “Strong armies,” warned Sergii Marchenko, Ukraine’s finance minister, on June 17th, “must be underpinned by strong economies.”

Following American lawmakers’ decision in April to belatedly approve a funding package worth $60bn, Ukraine is not about to run out of weapons. In time, the state’s finances will also be bolstered by G7 plans, announced on June 13th, to use Russian central-bank assets frozen in Western financial institutions to lend another $50bn. The problem is that Ukraine faces a cash crunch—and soon.

will start at Florida Tech on July 8

BREVARD COUNTY • MELBOURNE, FLORIDA – Kimberly D. Williams, who has more than 20 years of experience in finance, higher education, and law, has been named Florida Tech’s vice president of administration and finance and chief financial officer.

Williams most recently served as the vice president for business affairs, CFO and treasurer at the University of Findlay in Ohio. She will start at Florida Tech on July 8.

“The campus community feedback received when Kim visited us was overwhelmingly positive,” President John Nicklow wrote in an email to the university announcing her hire. “I’m confident that she has the skill set to help move our university forward, together.”

Williams graduated from Fayetteville State University with a bachelor’s degree in accounting and earned an MBA from Western Kentucky University. She received her Juris Doctor from the University of Arkansas School of Law.

She served as a civil litigation attorney in Missouri for five years before becoming chief financial officer and corporate counsel for a global, consolidated corporation in the aviation industry.

There, she oversaw the company’s overall financial health and gave project oversight across several fields as a strategic leader.

In 2016 Williams entered higher education, becoming business manager and director of business services for the University of Arkansas. After two years at UA, she was named assistant vice president for administrative and business services at Middle Tennessee State University.

As the senior administrator, she supported the department’s mission to provide effective and innovative business and administrative services to enrich learning and academic excellence on campus.

Williams stayed in Tennessee until 2022, when she became the vice president for business affairs, CFO and treasurer at University of Findlay in Findlay, Ohio. There, she oversaw all matters related to the financial management of the university, serving as the primary steward of its financial and physical resources.

Williams is a member of several professional associations, including the National Association of College and University Business Officers, the Council of Independent Colleges, the Association of Independent Colleges and Universities of Ohio, the Ohio Association of College and Business Officers and the National Association of Educational Procurement.

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NEW DELHI: The World Bank‘s Board has approved $1.5 billion loans to help India accelerate the development of low-carbon energy. The operation will seek to promote the development of a vibrant market for green hydrogen, continue to scale up renewable energy, and stimulate finance for low-carbon energy investments, according to the multilateral agency.
The programme will support reforms to boost the production of green hydrogen and electrolyzers.It also supports reforms to boost renewable energy penetration, for instance, by incentivising battery energy storage solutions and amending the Indian Electricity Grid Code to improve renewable energy integration into the grid. The financing includes a $1.46 billion loan from International Bank for Reconstruction and Development (IBRD) and a $31.5 million credit from International Development Association (IDA).
“The World Bank is pleased to continue supporting India’s low-carbon development strategy which will help achieve the country’s net-zero target while creating clean energy jobs in the private sector,” said Auguste Tano Kouame, World Bank Country Director for India.
The reforms are expected to result in the production of at least 450,000 metric tonne of green hydrogen and 1,500 MW of electrolyzers per year from FY25/26 onwards. It will also help to increase renewable energy capacity and support reductions in emissions by 50 million tonne per year.