Tag: World Bank

• Tuesday, September 28th 2010 - 01:51 UTC

  IMF mandatory surveillance of 25 countries, 90% of the world financial system

  

  The Executive Board of the International Monetary Fund (IMF) has approved making financial stability assessments under the Financial Sector Assessment Program (FSAP) a regular and mandatory part of the Fund’s surveillance for members with systemically important financial sectors.

• Wednesday, September 15th 2010 - 00:27 UTC

  Ending the commodities ‘curse’

  

  By Augusto de la Torre (*) - In 1672, Potosí, Bolivia, was one of the largest and richest cities in the world. Located at the base of Cerro Rico, Potosi was a hotbed of Spanish silver mining, the operations of which were so prolific; a Potosi became synonymous for great riches.

• Friday, September 10th 2010 - 04:29 UTC

  World Bank calls on governments to protect local land rights from large-scale acquisitions

  

  As rising food and fuel prices create incentives for large-scale land acquisitions around the world, it is more important than ever for governments and the international community to protect local land rights, according to a new World Bank study released this week.

• Sunday, July 4th 2010 - 03:44 UTC

  World Bank committed 17.9 billion USD is support of Latam in 2010

  

  The World Bank Group (WBG) committed 17.9 billion US dollars in fiscal year 2010 –a slightly higher figure over last year’s record lending of 17.1 billion- to support countries in Latin America and the Caribbean (LAC) as they recover from the global financial crisis and resume a path of sustained growth, according to the latest report from the multilateral organization.

• Friday, June 18th 2010 - 19:28 UTC

  World Bank calls for stronger Yuan to reduce inflation and spur domestic demand

  

  World Bank has reiterated its view that the Chinese government should allow the Yuan to strengthen against other international currencies. The bank also forecasted the Chinese economy would grow 9.5% in 2010 and 8.5% in 2011.

• Monday, April 26th 2010 - 01:36 UTC

  World Bank Agrees to Increased Capital and Voting Power for Developing Countries

  

  The 186 countries that own the World Bank Group endorsed on Sunday boosting its capital by more than 86 billion US dollars and giving developing countries more influence.

• Friday, April 23rd 2010 - 07:11 UTC

  Argentina “only” accepts IMF “technical revision” of its economy

  

  Economy Minister Amado Boudou said that the Argentine Government “will not accept any conditions” on its economic policies, allegedly rejecting an eventual revision of its accounts by the International Monetary Fund (IMF).

• Friday, April 23rd 2010 - 03:21 UTC

  Brazil forecasted to grow 5.5% in 2010 boosted by domestic demand, says IMF

  

  Brazil, Latinamerica’s largest economy and leading Mercosur partner is poised to grow 5.5% this year, almost a whole percentage point more than the previous forecast in January, according to the International Monetary Fund “World Economic Outlook” released in anticipation of the IMF and World Bank annual assembly this weekend in Washington.

• Friday, April 23rd 2010 - 01:26 UTC

  Latam growingly dependent on Chinese demand for commodities

  

  Latinamerican countries with a greater link to China such as Chile, Brazil and Peru are moving out of the crisis faster and stronger according to a World Bank report which underlines the increasing significance of the Asian giant for the region.

• Wednesday, April 21st 2010 - 02:52 UTC

  Stronger Yuan “critical” for a more stable world economy claims Brazil

  

  A stronger Chinese currency is “critical” for the good of the global economy, Brazil's central bank chief Henrique Meirelles said on Tuesday, joining a chorus of critics of China's foreign exchange policy.