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.
Add your comment!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.
Add your comment!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.”
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.
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.
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).
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.
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.
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.
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.