Tag: World Bank

• Thursday, February 16th 2012 - 07:16 UTC

  Brazil wants open selection process when Zoellick leaves World Bank presidency

  

  Brazil urged the World Bank on Wednesday to give proper consideration to developing country candidates to replace outgoing president Robert Zoellick and not just go with an American.

• Thursday, January 26th 2012 - 05:02 UTC

  As demands pile up, Venezuela requests to leave World Bank arbitration court

  

  Venezuela’s government officially requested this week to leave the World Bank’s arbitration court as demands pile up from abroad for compensation following a decade of nationalizations under President Hugo Chavez.

• Thursday, December 29th 2011 - 22:59 UTC

  Turkish economist named World Bank new Vice-President for Latin America

  

  Hasan Tuluy, a Turkish national and a strong supporter of inclusive growth, will become the new World Bank Vice President for Latin America and the Caribbean (LAC) as of January 1st, 2012. Mr. Tuluy will oversee the Bank’s lending, knowledge, and poverty-fighting operations in the region, which totalled 9.6 billion dollars in fiscal year 2011.

• Wednesday, November 30th 2011 - 21:31 UTC

  Latam financial system ‘stable and solid’ but weak in consumer banking, says World Bank

  

  While the economic crisis relentlessly ravages Europe and the United States, Latin American countries anxiously wait on the sidelines. The crisis could dampen the regional trend of solid growth during the past decade.

• Tuesday, November 22nd 2011 - 01:46 UTC

  World Bank loan to help Uruguayan farmers address climate change consequences

  

  The World Bank approved last week a loan for 49 million dollars to support Uruguayan farmers in adopting environmentally sustainable practices to improve the resilience of their production systems in response to the effects of climate variability.

• Wednesday, November 2nd 2011 - 20:54 UTC

  Brazil receives 8bn dollars loan to lift another 16 million people from ‘misery’

  

  Brazil will receive 8 billion dollars in financing from the World Bank to push its campaign to uproot extreme hardship deeper into some of the country's poorest areas, the bank said on Wednesday.

• Thursday, October 27th 2011 - 05:58 UTC

  World Bank forecasts Latam growth of 3.5% to 4% this year and 4% in 2012

  

  Latin America’s economy is forecasted to grow between 3.5% and 4% this year, which is less than previous estimates before the current global financial crisis, said World Bank representative for the region, Pamela Cox.

• Thursday, October 27th 2011 - 05:52 UTC

  In anticipation of global crisis World Bank extends 260m loan to Uruguay

  

  The World Bank Board approved a 260 million dollars loan to support the Uruguayan government’s reform program in order to consolidate growth with social equity and provide a line of financing to address the impact of the current uncertainty in global economic affairs.

• Thursday, October 27th 2011 - 05:37 UTC

  Praise and dollars from the World Bank to Peruvian president Humala

  

  The World Bank has offered a 3 billion dollars line of credit to Peru, backing President Ollanta Humala's plans for anti-poverty initiatives and sustained economic growth, a regional vice president said this week.

• Monday, October 10th 2011 - 07:58 UTC

  Paris Club group lays out terms for Argentina to repay defaulted debt

  

  Members of the Paris Club group of creditors want Argentina to repay an estimated 9 billion dollars in defaulted debt within three years and to make a big initial payment, Buenos Aires newspaper La Nacion reported over the weekend.