Tag: World Bank

• Thursday, September 29th 2011 - 00:12 UTC

  US will vote against loans to Argentina in World Bank and IDB

  

  The US State Department said on Wednesday that Argentina must normalize relations with creditors. The statement follows an announcement last week from the Treasury Department warning that the US will vote against granting loans to Argentina in multilateral organizations.

• Tuesday, September 27th 2011 - 05:58 UTC

  World Bank reminds Argentina of G20 duties and urges payment of defaulted debts

  

  Argentina should pay its debt with the Paris Club group of creditor nations if it wants to continue receiving foreign investment, said Paolo Martelli, director for Latin America of the World Bank’s International Finance Corp, reports Buenos Aires daily La Nación.

• Friday, September 23rd 2011 - 07:27 UTC

  US and EU markets negative sentiment extends to Asian stocks with record losses

  

  Asian stocks have fallen on Friday, with some indexes driving towards their worst weekly losses since 2008. The Group of 20 nations said they were ready to preserve stability in the financial markets.

• Thursday, September 22nd 2011 - 07:42 UTC

  Latin America and the Caribbean’s Long-Term Growth: Made in China?

  

  Robust growth over the past decade in Latin America and the Caribbean (LAC) has had one new, key driver: China. The region’s relationship with the Asian giant has proved to be a critical source of stability, both during the global economic crisis of two years ago, the greatest since the Great Depression, and even the current market turmoil that is rolling across Europe and the United States.

• Monday, September 19th 2011 - 21:20 UTC

  EU and US debt crises contagion threatens developing world investor confidence

  

  The head of the World Bank on Monday said a drop in investor confidence was already feeding through to developing nations from a growing debt crisis in advanced economies and urged “cooperative action.”

• Thursday, September 15th 2011 - 07:13 UTC

  “Time for muddling through is over” Zoellick tells the US, EU and Japan

  

  The head of the World Bank said Wednesday the world had entered a new economic danger zone and that Europe, Japan and the United States all need to make hard decisions to avoid dragging down the global economy.

• Monday, September 5th 2011 - 01:18 UTC

  The big questions China still has to answer according to World Bank chief Zoellick

  

  The world’s economic leaders need to “rebalance” their thinking as well as their economies. Fiscal and monetary policies have dominated. That makes sense to a degree: decisions on deficits, debt and the Euro zone this autumn may well determine whether the global economy slides deeper into danger, or begins the long climb back.

• Wednesday, August 17th 2011 - 07:28 UTC

  World Bank calls on governments to work on long-term debt curbs

  

  The World Bank has called for national governments to seek long-term debt curbs to solve the current sovereign debt crises in Europe and the United States, but said it was too early for special action by the Group of 20 nations.

• Tuesday, August 16th 2011 - 05:52 UTC

  World Bank warns a ‘hard landing’ in China would have great impact in Latam

  

  The World Bank's chief economist for Latin America and the Caribbean said Monday that the bank is maintaining its 2011 outlook for the region's economic growth at about 4.5% despite concerns of a new global crisis.

• Tuesday, August 16th 2011 - 02:44 UTC

  Global food prices in July 33% higher than a year ago, says World Bank

  

  Global food prices are at high levels and when combined with continued volatility, put the poorest people in the developing world at continued risk, according to the World Bank Group’s Food Prices Watch released Monday.