Tag: World Bank

• Wednesday, February 5th 2020 - 08:34 UTC

  World Bank will revise global growth forecast because of coronavirus impact in China

  

  The World Bank will revise its global growth forecast downwards due to the new coronavirus, the president of the multilateral lender said on Tuesday amid fears the epidemic in China will harm global supply chains.

• Thursday, January 9th 2020 - 08:35 UTC

  World Bank forecasts global expansion of 2.5% in 2020, but there are also too many uncertainties

  

  Global economic growth is likely to be only slightly faster this year than the weak 0performance seen in 2019, according to a World Bank forecast. The world economy is likely to expand by 2.5% in 2020, up from 2.4% last year, the Bank's economists predict.

• Friday, December 20th 2019 - 09:50 UTC

  World Bank warns on wave of growing debt in emerging and developing nations

  

  A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned on Thursday.

• Friday, October 11th 2019 - 09:49 UTC

  Trade Integration more important for Latin America and the Caribbean as growth slows, World Bank

  

  The Latin America and Caribbean (LAC) region has entered a new phase of weak economic performance, but increased integration in international trade and global value chains could reinvigorate economic growth.

• Wednesday, October 9th 2019 - 09:45 UTC

  Global trade tensions have investment on hold and promote poverty, World Bank claims

  

  As global trade tensions persist, investments are put on hold and without that cash to boost economic growth, poverty could surge, the World Bank's chief economist warned Tuesday. Without growth “inevitably, people will struggle”, Pinelopi Koujianou Goldberg said in an interview.

• Thursday, October 3rd 2019 - 09:54 UTC

  Developing nations foreign debt reaches US$ 7.8 trillion, World Bank report

  

  Total foreign debt held by developing nations jumped more than 5% to US$7.8 trillion, driven by a surge in Chinese debt, the World Bank said in a report on Wednesday.

• Tuesday, September 24th 2019 - 09:53 UTC

  Argentine biggest bondholders to meet with Treasury Secretary Lacunza

  

  A group of Argentina’s biggest bondholders will meet with the country’s treasury minister in New York this Monday to hear how Latin America’s third-largest economy plans to dig itself out of its latest debt crisis.

• Tuesday, September 10th 2019 - 09:16 UTC

  Another lady, Kristalina Georgieva, will become the IMF managing director

  

  The top executive at the World Bank, Kristalina Georgieva of Bulgaria, now faces no opposition in her candidacy to lead the International Monetary Fund, the fund announced on Monday.

• Saturday, August 3rd 2019 - 17:07 UTC

  Bulgaria's Kristalina Georgieva, EU's candidate for IMF chief

  

  Known for rolling up her sleeves, Bulgaria's Kristalina Georgieva has been lauded as the life of the party, as well as for her tenacity. The guitar-playing environmental specialist, who was nominated on Friday as the EU's candidate to head the International Monetary Fund (IMF).

• Wednesday, June 5th 2019 - 09:15 UTC

  Global growth fragile influenced by trade conflict and tumbling confidence, reports World Bank

  

  The World Bank slashed its global growth forecasts for this year in a report released on Tuesday that portrayed a world gripped by deepening trade conflict, tumbling confidence and increasingly skittish investment. Although the global development lender currently expects a modest recovery 2020 and 2021, the bank said in its semi-annual report that a lot will have to go right for this to happen.