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MercoPress, en Español

Montevideo, July 9th 2026 - 13:34 UTC

Tag: World Bank

  • Tuesday, October 11th 2022 - 10:29 UTC

    World Bank, IMF heads foresee recession ahead

    Malpass and Georgieva’s remarks came in a live-streamed discussion

    The planet must prepare itself for a full-size recession, according to forecasts announced Monday by the heads of the International Monetary Fund (IMF) and the World Bank, who spoke of economic headwinds ahead.

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

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

    The World Bank paper, on closing the fiscal gap, estimates Latin America and Caribbean growth 3% this year, but only 1,6% and 2,3% in the next two years

    “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

    “Argentina values its long-term partnership with the World Bank for its financial and technical support,” said minister Silvina Batakis

    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 culture of encounter and the popularization of technology are the best instrument to close social gaps,” said Gustavo Béliz, Secretary for Strategic Affairs.

    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

    World Bank estimates warn that for each one percentage point increase in food prices, 10 million people are thrown into extreme poverty worldwide.”

    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

    IMF Managing Director Kristalina Georgieva said funds will reach through the Rapid Financing Instrument plus an additional US$ 2,2bn

    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

    WB Managing Director of Operations, Axel van Trotsenburg met with Martín Guzmán, Finance Minister of Argentina, and Gustavo Béliz, Secretary of Strategic Affairs.

    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

    ”Rising inequality and security challenges are particularly harmful for developing countries,” said World Bank Group President David Malpass

    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

    Electricity customers throughout the country will benefit from clean, reliable, and affordable electricity services

    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

    Wellenstein also praised Uruguay for investing in monitoring systems

    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.