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MercoPress, en Español

Montevideo, April 18th 2024 - 13:38 UTC

Tag: World Bank

  • Friday, April 12th 2024 - 15:30 UTC

    Latin America and Caribbean persistent low growth and stalled progress, World Bank report

    “We must act decisively to help Latin America and the Caribbean break away from this cycle,” said Carlos Felipe Jaramillo, WB Vice President for LAC

    Latin America and the Caribbean (LAC) has reached a critical juncture. While the region has made significant progress in economic stabilization over recent decades, growth has stalled, undermining progress. Urgent action is needed to reverse course. In a new report, “Competition: The Missing Ingredient for Growth?” the World Bank highlights potential areas for action, emphasizing that leveraging competition policies and institutions is key to any impactful growth strategy.

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  • Tuesday, March 12th 2024 - 10:46 UTC

    Bolivian Senate stalling World Bank loan could make it go away

    Over 100,000 people from rural Bolivia would benefit from works stemming from these loans, Molina explained

    Bolivian authorities need to have the Senate approve a US$ 125 million loan from the World Bank at the earliest or else the credit agency might backtrack on granting it, Hydrocarbons Ministry Spokeswoman Rocío Molina warned Monday. Other five credits might follow suit given the Upper House's tardiness, Molina explained.

  • Thursday, February 15th 2024 - 10:40 UTC

    Uruguay must pay some US$ 80 million for the 2012 closing of Pluna

    Mujica argued that these things happen because litigations of this nature are always held in New York or Paris

    After a ruling issued Tuesday by a World Bank arbitration tribunal, the Uruguayan State will have to pay some US$ 30 million over the closing of the former flag carrier Pluna, which has triggered reciprocal accusations between the country's main political forces ahead of this year's presidential elections.

  • Monday, November 27th 2023 - 10:18 UTC

    Milei off to US for talks with IMF, WB, and Biden's administration

    Milei and his sister Karina attended a Jewish religious ceremony in Buenos Aires on Saturday

    Argentina's President-elect Javier Milei left Sunday evening for the United States to meet with officials from the Joseph Biden administration and creditor organizations such as the International Monetary Fund (IMF) and the World Bank (WB), it was reported in Buenos Aires

  • Saturday, November 18th 2023 - 10:37 UTC

    World Bank grants Uruguay green-oriented loan

    “The approval of this loan instrument is another innovative step by the country,” Arbeleche said

    Uruguay has been granted an unprecedented US$ 350 million loan by the World Bank (WB). Although there is nothing new with borrowing, the so-called Programmatic Loan for Development Policies and Reform Implementation will entail a reduction of the interest rate whenever certain environmental goals are met, it was explained in Montevideo.

  • Wednesday, August 23rd 2023 - 10:56 UTC

    Massa gets loans from IDB and WB ahead of IMF meeting

    Massa is convinced that the IMF will grant Argentina another US$ 7.5 billion

    The Inter-American Development Bank (IDB) and the World Bank (WB) will grant Argentina additional financing of US$ 1,300 million, Economy Minister and presidential candidate Sergio Massa announced Tuesday from Washington DC.

  • Thursday, June 29th 2023 - 15:45 UTC

    World Bank approves $150 million loan to boost green hydrogen investment in Chile

    This collaboration aims to expedite hydrogen deployment in emerging markets and developing countries

    In a significant move towards promoting sustainable energy solutions, the World Bank Board of Directors has approved a loan of $150 million to support green hydrogen projects in Chile. This loan marks the World Bank's first endeavor in promoting green hydrogen and aligns with Chile's commitment to achieving carbon neutrality by 2050. The investment aims to accelerate the country's green growth, energy transition, and foster a resilient and inclusive economic development.

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

    World Bank releases contrasting projections for Brazil and Argentina

    The World Bank's Global Economic Prospects report is published twice a year

    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.

  • Tuesday, June 6th 2023 - 10:39 UTC

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

    Brazil's growth is expected to slow to 1.2 percent in 2023, with a slight pickup to 1.4 percent in 2024.

    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.

  • Tuesday, April 4th 2023 - 22:07 UTC

    Dramatic report from the World Bank, on long term growth

    The report says that global growth in GDP between 2022 and 2030 is on track to decline 2.2%, down one-third from the rate that applied between 2000 and 2010

    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.”

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