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MercoPress, en Español

Montevideo, November 24th 2024 - 19:13 UTC

Tag: World Bank

  • Saturday, November 18th 2023 - 10:37 UTC

    World Bank grants Uruguay green-oriented loan

    “The approval of this loan instrument is another innovative step by the country,” Arbeleche said

    Uruguay has been granted an unprecedented US$ 350 million loan by the World Bank (WB). Although there is nothing new with borrowing, the so-called Programmatic Loan for Development Policies and Reform Implementation will entail a reduction of the interest rate whenever certain environmental goals are met, it was explained in Montevideo.

  • Wednesday, August 23rd 2023 - 10:56 UTC

    Massa gets loans from IDB and WB ahead of IMF meeting

    Massa is convinced that the IMF will grant Argentina another US$ 7.5 billion

    The Inter-American Development Bank (IDB) and the World Bank (WB) will grant Argentina additional financing of US$ 1,300 million, Economy Minister and presidential candidate Sergio Massa announced Tuesday from Washington DC.

  • Thursday, June 29th 2023 - 15:45 UTC

    World Bank approves $150 million loan to boost green hydrogen investment in Chile

    This collaboration aims to expedite hydrogen deployment in emerging markets and developing countries

    In a significant move towards promoting sustainable energy solutions, the World Bank Board of Directors has approved a loan of $150 million to support green hydrogen projects in Chile. This loan marks the World Bank's first endeavor in promoting green hydrogen and aligns with Chile's commitment to achieving carbon neutrality by 2050. The investment aims to accelerate the country's green growth, energy transition, and foster a resilient and inclusive economic development.

  • Wednesday, June 7th 2023 - 10:12 UTC

    World Bank releases contrasting projections for Brazil and Argentina

    The World Bank's Global Economic Prospects report is published twice a year

    The World Bank foresees a 1.2% growth this year for the Brazilian economy and a 2% contraction for that of Argentina, it was reported Tuesday.

  • Tuesday, June 6th 2023 - 10:39 UTC

    World Bank economic prospects for Latin America and the Caribbean: projected growth 1,5% in 2023

    Brazil's growth is expected to slow to 1.2 percent in 2023, with a slight pickup to 1.4 percent in 2024.

    In 2022, growth slowed in major Latin American economies due to weaker external demand and monetary tightening. Argentina and Brazil experienced a contraction in the fourth quarter of 2022, while other economies saw softer growth.

  • Tuesday, April 4th 2023 - 22:07 UTC

    Dramatic report from the World Bank, on long term growth

    The report says that global growth in GDP between 2022 and 2030 is on track to decline 2.2%, down one-third from the rate that applied between 2000 and 2010

    The World Bank warned of a slow-growth crisis in the global economy that could persist over the coming decade unless governments worldwide adopt what it calls “sustainable, growth-oriented policies.” The dramatic document is titled “Failing Long-Term Growth Prospects.”

  • Friday, February 24th 2023 - 10:14 UTC

    Biden picks Indian-American candidate to chair World Bank

    “Ajay is uniquely equipped to lead the World Bank at this critical moment in history,” Biden said

    Former Mastercard CEO Ajay Banga has been picked by US President Joseph Biden to vie for chairman of the World Bank (WB), it was announced Thursday in Washington DC. Banga, 63, who was born and raised in India, has the indispensable experience to mobilize public and private resources to address the most urgent challenges of our time, including global warming, the White House explained through a statement.

  • Saturday, February 4th 2023 - 08:57 UTC

    WB appoints new country director for Argentina, Paraguay, and Uruguay

    Fay served as country director for Bolivia, Chile, Ecuador, and Peru

    The World Bank (WB) announced this week the appointment of US-French Economist Marianne Fay as its new Director for Argentina, Uruguay, and Paraguay to replace Jordan Schwartz, who will head the Eastern Europe division.

  • Saturday, December 24th 2022 - 10:06 UTC

    BB, World Bank team up to finance greener economy in Brazil

    We welcome the partnership with the World Bank, Ribeiro said

    The World Bank's Board of Directors Friday approved a US$ 500 million financing project for actions in Brazil linked to sustainability and the carbon credit market. The project was approved today (23), in Washington, by the World Bank Board of Directors. Joining the initiative to create a one-stop shop is Banco do Brasil (BB).

  • Tuesday, December 13th 2022 - 08:48 UTC

    World Bank US$ 200 million to help close the digital divide in Argentina

    “Strengthening data infrastructure to close the digital divide in Argentina” according Massa

    The World Bank approved a US$ 200 million loan to support Argentina's digital transformation and the closing of the digital divide by expanding the connectivity offer, building a network of data centers, and implementing digital skills training for individuals and enterprises.