Tag: World Bank

• Thursday, July 23rd 2015 - 08:58 UTC

  Discouraging outlook for commodities this year confirms World Bank

  

  The outlook for commodities remains grim for this year, except that oil will fall a bit less than previously forecast, the World Bank said. Average prices for fuels such as crude, natural gas and coal will tumble 39% from 2014, while those for materials like metals and fertilisers will fall about 12%, the Washington-based lender said in its quarterly “Commodity Markets Outlook” released Wednesday.

• Friday, July 17th 2015 - 06:19 UTC

  Argentine economy showing slight improvement but still delicate, says IMF

  

  The International Monetary Fund (IMF) slightly improved its outlook on Argentina’s economy saying the country will grow 0.1% in 2015 and will remain stagnant in 2016. Nevertheless, IMF warned the country is going through a “very delicate” situation and insisted that the improved outlook doesn’t change its views regarding Argentina.

• Wednesday, July 8th 2015 - 07:50 UTC

  World Bank claims there's 'no crisis in Latin America', but poverty still prevails

  

  The World Bank’s Vice-President for Latin America and the Caribbean, Jorge Familiar, praised the region’s implementation of economic reforms, claiming that they had led to poverty reduction in the last few years, but he also warned that its pace was decreasing.

• Friday, June 12th 2015 - 06:02 UTC

  World Bank forecasts Argentina will regain access to capital markets in 2017

  

  The World Bank is optimistic about the outlook for the Argentine economy, predicting the country’s GDP will grow 1.1% this year, a considerable upgrade from the decline of 0.3% it expected in January, and perhaps even stronger growth of 1.8% in 2016 and of 3% points in 2017, thanks to a “stronger” macroeconomic environment and “regained” access to international capital markets.

• Tuesday, April 21st 2015 - 01:16 UTC

  World Bank warns Latin America about permanent slowdown in the absence of structural reform

  

  In its latest semiannual report, “Latin America Treads a Narrow Path to Growth: The Slowdown and its Macroeconomic Challenges,” the World Bank´s Office of the Chief Economist for Latin America and the Caribbean forecasts a fourth year of slow growth for the region.

• Wednesday, March 18th 2015 - 08:20 UTC

  EU main economies announce plans to join China-led development bank, despite US warning

  

  France, Germany and Italy on Tuesday announced plans to join the Chinese-led development bank AIIB, drawing concern in Washington which views the institution with skepticism. The three European countries want ”to become founding members of the Asian Infrastructure Investment Bank (AIIB)”, they said in a statement.

• Monday, March 16th 2015 - 10:25 UTC

  UK caught on the wrong side in a US/Beijing dispute over Chinese development bank

  

  The US has expressed concern over the UK's bid to become a founding member of a Chinese-backed development bank. The UK is the first big Western economy to apply for membership of the Asian Infrastructure Investment Bank (AIIB) despite the fact that US has raised questions over the bank's commitment to international standards on governance.

• Wednesday, January 14th 2015 - 09:31 UTC

  World Bank cuts 2015 global growth forecast; however lower oil prices will delay rate hikes

  

  The World Bank on Tuesday cut its global growth forecast for 2015 and lowered the estimate for 2014, as several headwinds mitigate the effects of an improving U. S. economy and plunging oil prices.

• Monday, November 17th 2014 - 06:06 UTC

  UK will not support World Bank loans to Argentina; British public opinion against such aid

  

  The United Kingdom contributions mostly through World Bank loans and aid to Argentina have again been questioned in Britain with demands on Prime Minister David Cameron to block British taxpayers cash going to the country which has 'precarious finances' and a long standing demand over the Falkland Islands sovereignty.

• Wednesday, November 5th 2014 - 05:16 UTC

  Chile chosen by World Bank for Latam’s first Research and Development Center

  

  Chile’s Finance Ministry Alberto Arenas, and the World Bank Group (WBG), represented by its Vice President for Latin America and the Caribbean, Jorge Familiar, signed a cooperation agreement to establish in Chile the first Research and Development Center in Latin America, and the second outside Washington, DC.