Tag: World Bank

• 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.

• Saturday, April 13th 2019 - 07:25 UTC

  World Bank grant for Colombia to help deal with Venezuelan refugees

  

  Colombia will receive a US$ 31.5 million grant to help deal with the flood of refugees from neighbouring Venezuela, the World Bank announced on Friday Colombia has received about a third of 3.7 million refugees who have fled the worsening crisis in Venezuela in recent years - the most dramatic and fastest exodus in the world after war-torn Syria, according to the United Nations.

• Saturday, April 13th 2019 - 07:09 UTC

  France calls for more Euro solidarity, otherwise the EU project is “unsustainable”

  

  Widening differences over economic policy among Euro area countries are “unsustainable” and could undermine the currency union itself, French Finance Minister Bruno Le Maire said on Friday.“There isn't enough solidarity in the Euro-zone,” Le Maire told reporters on the sidelines of the International Monetary Fund and World Bank Spring meetings.

• Wednesday, April 10th 2019 - 09:58 UTC

  “My trade wars aren't finished yet”, Trump warns IMF and World Bank spring meetings

  

  
United States president Donald Trump is sending a clear message to the economic policymakers gathering in Washington for the IMF and World Bank's spring meetings: My trade wars aren't finished yet and a weakening global economy will just have to deal with it.