Stories for October 12th 2021

Tuesday, October 12th 2021 - 23:54 UTC
Chile's economy to grow 11%, according to IMF report

Chile's economy has been projected to grow 11%, way above the average of 6.3% foreseen for Latin America throughout 2021 by the International Monetary Fund's (IMF) Global Economic Outlook released Tuesday.
Tuesday, October 12th 2021 - 23:41 UTC
Cuban authorities say no to “peaceful” demonstrations

Cuban authorities have ruled against the staging of an opposition demonstration which was scheduled for Nov. 15 because it entailed “unconstitutional and destabilizing purposes.”
Tuesday, October 12th 2021 - 23:25 UTC
Costa Rica decrees compulsory COVID-19 for civil servants

Costa Rican President Carlos Alvarado Monday signed the decree mandating all civil servants to be vaccinated against COVID-19 and also allowing private employers to follow suit.
Tuesday, October 12th 2021 - 22:15 UTC
Argentine inflation is world's fourth highest, says IMF

Argentina's inflation turned out to be the world's fourth-highest, according to the International Monetary Fund's (IMF) World Economic Outlook report released Tuesday in Washington.
Tuesday, October 12th 2021 - 20:50 UTC
Low-Income Country debt rises to record US$860 billion in 2020

Governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages. While these measures were aimed at addressing the health emergency, cushioning the impact of the pandemic on the poor and vulnerable and putting countries on a path to recovery, the resulting debt burden of the world’s low-income countries rose 12% to a record US$860 billion in 2020, according to a new World Bank report.
Tuesday, October 12th 2021 - 15:25 UTC
WHO/COP26 Special report on Climate Change and Health for Glasgow climate summit

Countries must set ambitious national climate commitments if they are to sustain a healthy and green recovery from the COVID-19 pandemic.
Tuesday, October 12th 2021 - 15:10 UTC
Gibraltar Police officers awarded Guardia Civil Order of Merit by Spain

Spain's Guardia Civil honored two members of the Royal Gibraltar Police for cross-frontier work in helping combat money laundering and drug trafficking operations.
Tuesday, October 12th 2021 - 14:54 UTC
Tata Group takes over Air India for US$ 2,4 billion; airline returns to its original founders

The Tata Group is taking over India's flag carrier Air India, following an agreement to pay US$ 2,4 billion. The airline has been losing money at the rate of a billion dollars since 2009, and under the deal Tata will only pay a quarter of the company's total debt.
Tuesday, October 12th 2021 - 09:32 UTC
Uruguay: IMF recommends addressing skill-mismatch between the labour force and new jobs

Last week we published an IMF preliminary statement on the situation of the Uruguayan economy in which it praised the government's handling of the pandemic underlining Uruguay's solid institutions, well-functioning democracy and a high degree of social cohesion.
Tuesday, October 12th 2021 - 09:20 UTC
IMF Board reaffirms full confidence in Managing Director Georgieva Kristalina

The IMF Executive Board on Monday concluded its review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report.