Tag: World Bank
World BankArgentina begins Washington round of contacts ahead of IMF-WB spring meeting
Argentine Economy Minister Hernán Lorenzino is in Washington ready to start his official activities in the margins of the 2013 International Monetary Fund and World Bank Spring meeting.
World Bank outstands Uruguay as a success story in economic and social recovery
Under the heading of: “From crisis to opportunity: supporting an effective economic and social recovery with innovation and flexibility”, the World Bank outstands Uruguay as a success story, from the downfall of 2001/02, mainly consequence of the Argentine melting to the sustained recovery since 2004/05.
IMF mission in Argentina to check financial system, in framework of G20
Officials from the International Monetary Fund and the World Bank arrived in Argentina on Tuesday to evaluate the country's financial system as part of checkups agreed among Group of 20 nations, according to a report from the official state news agency, Telam.
Brazil’s “competitiveness cliff” and commodities dependency exposed in World Bank report
Brazil is not only the biggest country in Latinamerica but also has the largest economy and expects to play a leading role in the global economy in the near future, however a report from the World Bank is not so enthusiastic and points out to a series of challenges the country must address if it wishes to effectively become a super star.
UK will block IADB and World bank loans to Argentina because of financial ‘misconduct’
UK joined the group of countries that vote against granting multilateral organizations’ loans to Argentina as a form of protesting the mistrust generated by the government of President Cristina Fernandez recurrent international misconduct, reports the Buenos Aires media.
Argentina among select group with the highest inflation in the last fiv-year period
Argentina is among the world’s countries which experienced the highest inflation in the last five years based on average data from the country’s private consultants and the IMF. The double digit inflation was estimated at 21.3%, an approximate average for the 2008/2012 period, and compiled by IERAL an Argentine business think-tank.
World Bank’s arbitration unit receives Repsol’s complaint over YPF nationalization
The World Bank's arbitration unit has agreed to hear a complaint by Spanish oil firm Repsol over Argentina's nationalization of the company's former energy affiliate YPF.
Mercosur members, except Paraguay, de-listed from EU import preference scheme
The European Union issued on Wednesday its revised import preference scheme - known as the Generalised Scheme of Preferences (GSP) - for developing countries most in need which will take effect from 1 January 2014, revealing that all Mercosur full members, except for Paraguay, will no longer benefit.
Bernanke replies to Brazil and IMF on rich countries monetary easing controversy
Federal Reserve chairman Ben Bernanke has defended the central bank's measures to bolster the US economy. Brazil has said US monetary easing to keep interest rates low and weaken the dollar has hurt emerging economies. And IMF chief Christine Lagarde warned on Sunday of consequent asset bubbles developing in emerging nations.
World Bank further lowers China’s growth prospect as Euro zone and US falter
World Bank has lowered its growth forecast for China citing weak demand for its exports and lower investment growth. The bank said it expects China's economy to grow by 7.7% this year, down from its projection of 8.2% in May.
