Tag: World Bank

• Tuesday, October 12th 2021 - 20:50 UTC

  Low-Income Country debt rises to record US$860 billion in 2020

  

  Governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages. While these measures were aimed at addressing the health emergency, cushioning the impact of the pandemic on the poor and vulnerable and putting countries on a path to recovery, the resulting debt burden of the world’s low-income countries rose 12% to a record US$860 billion in 2020, according to a new World Bank report.

• Tuesday, October 12th 2021 - 09:20 UTC

  IMF Board reaffirms full confidence in Managing Director Georgieva Kristalina

  

  The IMF Executive Board on Monday concluded its review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report.

• Saturday, September 18th 2021 - 09:00 UTC

  IMF chief Georgieva faces ethics committee over her role when in the World Bank

  

  IMF Managing Director Kristalina Georgieva has stated she disagrees fundamentally with the findings and interpretations of an investigation of alleged irregularities she committed when she held a senior role at the World Bank.

• Thursday, September 9th 2021 - 09:24 UTC

  Ecuador and IMF reach agreement for disbursement of frozen US$ 6bn funds

  

  Ecuador and the International Monetary Fund, IMF, finally reached a technical agreement involving 6 billion US dollars, according to the country's economy minister Simon Cueva. The accord must still be approved by the IMF governing board but will unblock “international funds”, which have been frozen for months.

• Tuesday, July 6th 2021 - 09:15 UTC

  Mining company pledges to invest US $ 34 million in lithium plant in northern Argentina

  

  A local subsidiary of China's Ganfeng Lithium has purchased a 23-hectare property in the General Güemes Industrial Park in the northwestern Argentine province of Salta, it was announced.

• Friday, July 2nd 2021 - 08:04 UTC

  World Bank names new LatAm, Caribbean Chief Economist

  

  The Washington DC headquarters of the World Bank Thursday announced William Maloney has been appointed as of July 1 as its new Chief Economist for the Latin America and the Caribbean (LAC) Region.

• Wednesday, June 30th 2021 - 09:13 UTC

  Floods and droughts mean yearly losses worth US $ 1 billion for Argentina, says World Bank

  

  A new report titled “Impact of Climate Crisis on Poverty and the Argentine macroeconomy” points out the serious consequences of the impact of climate change on the Argentine economy, mainly due to losses caused by floods and droughts, the World Bank announced Tuesday.

• Monday, June 7th 2021 - 08:39 UTC

  World Bank loan for the sewage system of Buenos Aires City

  

  The World Bank Board of Directors approved a US$ 265 million loan to continue infrastructure works in the Matanza-Riachuelo Basin which borders Buenos Aires City. The works will improve the wastewater system, which has become an open cyst pool, by reducing organic pollution of the river by 80%.

• Friday, May 14th 2021 - 09:27 UTC

  Argentine President meets Italian PM, the Pope and a top World Bank official

  

  Argentine President Alberto Fernández Thursday met with his Italian counterpart, Sergio Mattarella, with Prime Minister Mario Draghi and with Pope Francis in another stop of his one-week European tour.

• Saturday, March 6th 2021 - 09:59 UTC

  World Bank approves US$ 420 million loan to Argentina for sanitation and housing

  

  The World Bank Board of Directors approved a US$ 300 million loan to expand and improve water and sanitation services in Metropolitan Buenos Aires, particularly in the most vulnerable areas. An additional US$ 120 million will be available for the construction of social housing, benefiting nearly 10,000 inhabitants of Buenos Aires Province.