Tag: World Bank

• Tuesday, November 8th 2016 - 06:48 UTC

  BA Governor Vidal, World Bank agree to finance Salado River works

  

  María Eugenia Vidal, governor of the province of Buenos Aires, reached an agreement with the World Bank for a 380-million-dollars loan to finance infrastructure works that would be beneficial to more than sixty municipalities. Bidding to start in March.

• Friday, June 10th 2016 - 08:08 UTC

  World Bank slashes global growth forecast to 2.4%, down from 2.9%

  

  The World Bank has slashed its 2016 global growth forecast to 2.4% from the 2.9% estimated in January, due to stubbornly low commodity prices, sluggish demand in advanced economies, weak trade and diminishing capital flows.

• Sunday, April 24th 2016 - 08:26 UTC

  International major effort to cooperate on tax issues and halt evasion and elusion

  

  The International Monetary Fund and the World Bank are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and evasion.

• Monday, April 18th 2016 - 08:06 UTC

  Praise for Argentina from IMF and credit rating agencies but austerity measures “are tough”

  

  Following President Mauricio Macri’s economic policies and the deal with the holdout funds, Argentina will help to bring stability and a larger economic growth to Latin America, now facing a declining economy mainly because of Brazil’s downfall, representatives from the International Monetary Fund said.

• Friday, April 15th 2016 - 05:22 UTC

  IMF and World Bank target Brexit: 'the most serious downside risk' for the global economy

  

  A British exit from the European Union would pose “serious downside risks” to an already slowing global economy, the head of the International Monetary Fund said on Thursday.

• Wednesday, April 13th 2016 - 05:15 UTC

  Companies with World Bank credits in Africa are linked to tax havens, claims Oxfam

  

  A report by the civil society network Oxfam has found, about 84% of the dollars invested in sub-Saharan Africa in 2015 by the International Finance Corporation (IFC), the private sector arm of the World Bank Group, went to companies with presence in at least one tax haven.

• Wednesday, February 10th 2016 - 07:16 UTC

  US Treasury's strong support message for Argentina's litigation with holdout funds

  

  The United States gave another sign of support for Argentina’s economic policies as US Treasury Secretary Jacob Lew spoke on the phone with Finance Minister Alfonso Prat-Gay, striking an optimistic tone regarding the settlement offer made to the holdout funds in New York.

• Wednesday, January 27th 2016 - 07:04 UTC

  Oil forecasted to stabilize at US$ 37 a barrel this year, says World Bank

  

  The World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections.

• Friday, January 22nd 2016 - 04:15 UTC

  US announced support for Argentina at multilateral development banks

  

  The United States is ending its policy of opposing most lending to Argentina from multilateral development banks, the US Treasury Department announced. US Treasury Secretary Jack Lew informed Argentine Finance Minister Alfonso Prat-Gay of the move on Thursday when the two met in Davos, Switzerland, the department said in a statement.

• Friday, January 8th 2016 - 18:13 UTC

  Macri's Argentina forecasted to grow 0.7% this year and rebound to 1.9% in 2017

  

  The World Bank lowered its forecast for Argentine growth for the next two years, noting it expected the economy to see a large rebound in 2018 thanks to the monetary and fiscal policies implemented by President Mauricio Macri’s administration.