Tag: World Bank

• Wednesday, June 7th 2023 - 10:12 UTC

  World Bank releases contrasting projections for Brazil and Argentina

  

  The World Bank foresees a 1.2% growth this year for the Brazilian economy and a 2% contraction for that of Argentina, it was reported Tuesday.

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• Tuesday, June 6th 2023 - 10:39 UTC

  World Bank economic prospects for Latin America and the Caribbean: projected growth 1,5% in 2023

  

  In 2022, growth slowed in major Latin American economies due to weaker external demand and monetary tightening. Argentina and Brazil experienced a contraction in the fourth quarter of 2022, while other economies saw softer growth.

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• Tuesday, April 4th 2023 - 22:07 UTC

  Dramatic report from the World Bank, on long term growth

  

  The World Bank warned of a slow-growth crisis in the global economy that could persist over the coming decade unless governments worldwide adopt what it calls “sustainable, growth-oriented policies.” The dramatic document is titled “Failing Long-Term Growth Prospects.”

• Friday, February 24th 2023 - 10:14 UTC

  Biden picks Indian-American candidate to chair World Bank

  

  Former Mastercard CEO Ajay Banga has been picked by US President Joseph Biden to vie for chairman of the World Bank (WB), it was announced Thursday in Washington DC. Banga, 63, who was born and raised in India, has the indispensable experience to mobilize public and private resources to address the most urgent challenges of our time, including global warming, the White House explained through a statement.

• Saturday, February 4th 2023 - 08:57 UTC

  WB appoints new country director for Argentina, Paraguay, and Uruguay

  

  The World Bank (WB) announced this week the appointment of US-French Economist Marianne Fay as its new Director for Argentina, Uruguay, and Paraguay to replace Jordan Schwartz, who will head the Eastern Europe division.

• Saturday, December 24th 2022 - 10:06 UTC

  BB, World Bank team up to finance greener economy in Brazil

  

  The World Bank's Board of Directors Friday approved a US$ 500 million financing project for actions in Brazil linked to sustainability and the carbon credit market. The project was approved today (23), in Washington, by the World Bank Board of Directors. Joining the initiative to create a one-stop shop is Banco do Brasil (BB).

• Tuesday, December 13th 2022 - 08:48 UTC

  World Bank US$ 200 million to help close the digital divide in Argentina

  

  The World Bank approved a US$ 200 million loan to support Argentina's digital transformation and the closing of the digital divide by expanding the connectivity offer, building a network of data centers, and implementing digital skills training for individuals and enterprises.

• Monday, November 21st 2022 - 09:33 UTC

  Brazil a leading power in digitalization of public services, World Bank says

  

  A World Bank study released Sunday in Brasilia showed the largest South American country was second globally among 198 economies in the digitalization of public service structures.

• Tuesday, October 11th 2022 - 10:29 UTC

  World Bank, IMF heads foresee recession ahead

  

  The planet must prepare itself for a full-size recession, according to forecasts announced Monday by the heads of the International Monetary Fund (IMF) and the World Bank, who spoke of economic headwinds ahead.

• Friday, October 7th 2022 - 09:53 UTC

  Latin American economies at pre-pandemic levels but GDPs hide much poverty and inequality

  

  “Latin American and Caribbean economies have recovered their pre-pandemic levels and the region recovered certain feeling of normality, although the overall economy must rebuild to avoid a new cycle of low growth,” points out the latest from the World Bank under the heading of “New approaches to closing the Fiscal Gap.”