Tag: World Bank

• Friday, October 7th 2022 - 09:53 UTC

  Latin American economies at pre-pandemic levels but GDPs hide much poverty and inequality

  

  “Latin American and Caribbean economies have recovered their pre-pandemic levels and the region recovered certain feeling of normality, although the overall economy must rebuild to avoid a new cycle of low growth,” points out the latest from the World Bank under the heading of “New approaches to closing the Fiscal Gap.”

• Tuesday, July 26th 2022 - 10:51 UTC

  World Bank officials meet Batakis and confirm continued support for Argentina

  

  World Bank Managing Director of Operations, Axel van Trotsenburg met with Silvina Batakis, Minister of Economy. Mr. van Trotsenburg and Minister Batakis discussed the global impacts of inflation and the war in Ukraine and Argentina’s role in helping to ease the world’s food crisis as a major agricultural producer.

• Tuesday, July 26th 2022 - 09:20 UTC

  World Bank US$ 200 million loan to promote innovation and entrepreneurship in Argentina

  

  The World Bank Board of Directors approved a US$200 million loan to promote sustainable growth in Argentina, driven by innovation and focused on the creation of technology-based companies, support for entrepreneurs, and access to private capital.

• Thursday, April 14th 2022 - 21:15 UTC

  Food Security becomes global agencies priority challenge

  

  The heads of the World Bank, the International Monetary Fund (IMF), the United Nations World Food Program (WFP) and WTO issued a joint statement on 13 April urging coordinated action to help vulnerable countries address growing threats to food security. The proposed actions include providing emergency food supplies and deploying financial support to households and countries, facilitating unhindered trade, and investing in sustainable food production and nutrition security.

• Thursday, March 3rd 2022 - 09:54 UTC

  Financial rescue for embattled Ukraine from IMF and World Bank

  

  The World Bank Group announced on Wednesday that it had stopped all its programs in Russia and Belarus, with immediate effect, as a result of the Russian invasion of Ukraine and hostilities against the people of Ukraine.

• Wednesday, February 23rd 2022 - 09:54 UTC

  World Bank support for Argentina in 2022 expected to reach US$ 2bn

  

  A top-level Argentine economic and strategic delegation met in Washington with the World Bank Managing Director of Operations to address close bilateral relations, cooperation, and solid support from the bank for South America's second-largest economy.

• Thursday, January 13th 2022 - 09:48 UTC

  World economy is facing Covid-19, inflation and policy uncertainty, Global Economic Prospects

  

  Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report. Global growth is expected to decelerate markedly from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023 as pent-up demand dissipates and as fiscal and monetary support is unwound across the world.

• Thursday, December 9th 2021 - 09:00 UTC

  World Bank approves Renewable Energy Project loans to Cabo Verde, Africa

  

  The World Bank on Wednesday approved an International Development Association credit in the amount of US$3.5 million and an International Bank for Reconstruction and Development loan in the amount of US$ 3.5 million for the Renewable Energy and Improved Utility Performance Project (REIUP) for Cabo Verde in Western Africa.

• Monday, December 6th 2021 - 09:34 UTC

  Sustainability: Uruguay the example to follow, World Bank says

  

  Anna Wellenstein, Director of the World Bank's Latin America and the Caribbean, Sustainable Development Group, has said Uruguay was an example of turning its productions towards a market that will seek environmental guidelines met.

• Wednesday, November 10th 2021 - 09:29 UTC

  Vaccination target of 70% of world population remains elusive despite meeting of top UN officials and manufacturers

  

  The heads of the International Monetary Fund, World Bank Group, World Health Organization and World Trade Organization held on Tuesday the 2nd High-Level Consultations with the CEOs of leading COVID-19 vaccine manufacturing companies.