Tag: World Bank

• 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.

• Thursday, October 30th 2014 - 10:53 UTC

  Looking to “Doing Business” in Latam, try the Pacific Alliance, forget Mercosur

  

  The World Bank's “Doing Business” global rating is not very enthusiastic about Latin American and the Caribbean which only first surfaces in position 34 out of the 189 countries considered.

• Thursday, October 9th 2014 - 06:51 UTC

  World Bank staff strike off; chief financial officer declines part of annual bonus

  

  The World Bank chief financial officer is giving up part of his bonus after an uproar over cost-cutting measures at the lender. Bertrand Badre will decline the remainder of his 94,000 dollar annual bonus, the bank said.

• Wednesday, October 8th 2014 - 07:51 UTC

  Argentina needs an “urgent change of course” and better relations with financial markets

  

  The Argentine economy needs an urgent change of course which would have the effect of reestablishing normal relations with the financial market, a crucial step to open a maneuvering space in an ever more complex environment, suggested Augusto de la Torre, World Bank chief economist for Latin America.

• Wednesday, October 8th 2014 - 04:05 UTC

  World Bank: end of boom doesn’t have to mean a bust for the poor in Latin America

  

  During the recent commodity boom, Latin America and the Caribbean proved that growth could be pro-poor and help fuel tremendous social progress. Now as growth slows regionally and beyond, it is critical to consider what will shore up economic activity while ensuring the poor won't stay behind.

• Wednesday, October 8th 2014 - 03:46 UTC

  World Bank supports Argentina, favors institutional frame for 'holdouts'

  

  World Bank Chief Economist for Latin America and the Caribbean Augusto De la Torre has said the ongoing conflict between Argentina and holdout creditors is due to the “lack of international debt regulation frames”, and favored Argentina's initiative in the UN to “solve the situation.”

• Monday, September 22nd 2014 - 05:01 UTC

  A third of Argentina's population 'vulnerable' to falling back into poverty, says World Bank

  

  Approximately 33% of Argentina's population (or those living with between 4 and 10 dollars per day) are vulnerable to falling into poverty if faced with adverse economic conditions, the World Bank said in its 2015-2018 Country Partnership Strategy (CPS) report for Argentina.

• Saturday, September 20th 2014 - 08:33 UTC

  World bank describes global growth this year as 'disappointing'

  

  Global growth had been “disappointing” this year, according to World Bank president Dr Jim Yong Kim, who counted Europe's woes, reforms in Japan, and the impact of US monetary policy on emerging markets, among the world's greatest economic challenges.