Tag: World Bank

• Thursday, January 10th 2019 - 08:28 UTC

  World Bank lowers Brazil tepid growth estimates both in 2018 and 2019

  

  The World Bank lowered its growth estimates for Brazil both in 2018 and this year. Last June the multilateral organization bi-annual report indicated that Latin America's largest economy would advance 2.4%, but it has now reduced that to 1.2%, one of the greatest falls for any country in the report.

• Wednesday, January 9th 2019 - 08:40 UTC

  World Bank says global economy is “soft landing”, so far “orderly”

  

  The World Bank is warning of increasing risks, or what it calls “darkening skies”, for the world economy. In its annual assessment of global prospects the Bank predicts continued, though somewhat slower, growth this year and next.

• Tuesday, January 8th 2019 - 08:37 UTC

  World Bank President steps down; possible differences with Trump's policies

  

  World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post. His resignation will take effect from 1 February. Mr Kim, 59, was not due to leave until 2022, after he was re-elected for a second five-year term in 2017.

• Friday, December 7th 2018 - 09:45 UTC

  Two more million Brazilians living in poverty: total reaches 54.8 million

  

  The number of people living in poverty in Brazil grew by two million last year in the wake of the country's worst recession on record, according to the government statistics bureau.

• Tuesday, December 4th 2018 - 08:58 UTC

  “Collapse of civilization on the horizon” because of climate change declared Sir David Attenborough

  

  The collapse of civilization and extinction of much of the natural world is “on the horizon” due to climate change, Sir David Attenborough declared at the opening day UN climate talks in Poland.

• Tuesday, November 13th 2018 - 10:42 UTC

  Bolsonaro's economic team incorporates another Chicago orthodox liberal

  

  Joaquim Levy, managing director and World Bank chief financial officer, has been tapped to be the next president of Brazil’s national economic and social development bank BNDES, news advanced to a column in daily O Estado de S. Paulo published on Sunday.

• Friday, November 9th 2018 - 09:09 UTC

  Bolsonaro vows to investigate Americas largest development bank, Brazil's BNDES

  

  Right-wing President-elect Jair Bolsonaro vowed in a tweet on Thursday to investigate Brazil’s state-run national development bank, BNDES, for corruption by opening its “black box” of secret transactions. BNDES is the largest development lender in the Americas with a loan book larger than the World Bank’s.

• Friday, November 2nd 2018 - 09:03 UTC

  Multilateral banks provide Argentina three loans totaling US$ 1.8 billion

  

  The World Bank and the Inter-American Development Bank are providing Argentina with three loans totaling more than US$1.8 billion, aiming to help the country cope with financial difficulties and support citizens most at risk.

• Tuesday, October 16th 2018 - 08:38 UTC

  Paulo Guedes the ultra-liberal economic advisor of an ultra-populist nationalist

  

  After getting out of its most severe recession in history in 2017, Brazil remains in a state of economic malaise, notching up a mere 1% of growth last year, with public debt forecast to snowball from 77% of GDP to 140% by 2030, according to the World Bank.

• Thursday, October 11th 2018 - 08:31 UTC

  World Bank unveils “Human Capital Index”: Singapore, South Korea, Japan and Hong Kong top of the list

  

  The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and healthcare.