Ecuador and the International Monetary Fund, IMF, finally reached a technical agreement involving 6 billion US dollars, according to the country's economy minister Simon Cueva. The accord must still be approved by the IMF governing board but will unblock “international funds”, which have been frozen for months.Add your comment!
A local subsidiary of China's Ganfeng Lithium has purchased a 23-hectare property in the General Güemes Industrial Park in the northwestern Argentine province of Salta, it was announced.
The Washington DC headquarters of the World Bank Thursday announced William Maloney has been appointed as of July 1 as its new Chief Economist for the Latin America and the Caribbean (LAC) Region.
A new report titled “Impact of Climate Crisis on Poverty and the Argentine macroeconomy” points out the serious consequences of the impact of climate change on the Argentine economy, mainly due to losses caused by floods and droughts, the World Bank announced Tuesday.
The World Bank Board of Directors approved a US$ 265 million loan to continue infrastructure works in the Matanza-Riachuelo Basin which borders Buenos Aires City. The works will improve the wastewater system, which has become an open cyst pool, by reducing organic pollution of the river by 80%.
Argentine President Alberto Fernández Thursday met with his Italian counterpart, Sergio Mattarella, with Prime Minister Mario Draghi and with Pope Francis in another stop of his one-week European tour.
The World Bank Board of Directors approved a US$ 300 million loan to expand and improve water and sanitation services in Metropolitan Buenos Aires, particularly in the most vulnerable areas. An additional US$ 120 million will be available for the construction of social housing, benefiting nearly 10,000 inhabitants of Buenos Aires Province.
The global economy is expected to expand 4% in 2021, with China's economy expected to expand by 7.9% this year, World Bank said on Tuesday, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.
More than a third of the world's population - some 2.7 billion people - has not received government aid during the coronavirus pandemic, Oxfam said on Tuesday, with gaping differences between rich and poor countries.
The World Bank said its executive board approved on Tuesday US$12 billion in new funding for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens. The financing plan is part of US$160 billion in total resources that the multilateral development lender has pledged to provide to developing countries through June 2021 to help fight the coronavirus pandemic.