The flows of remittances toward Latin America and the Caribbean slowed down last year, although they still rose 7.7% compared to 2022, while remittances to the Middle East and North Africa plummeted 14.8%, according to data published this Wednesday by the World Bank (WB). . After a period of strong growth during 2021-2022, recorded remittance […]
Tag: world Bank
Madagascar, first country to benefit from the IMF and WB climate mechanism
Madagascar will be the first country to benefit from a joint program of the International Monetary Fund (IMF) and the World Bank (WB) to stimulate action for the climatethrough a loan of US$ 321 million released on Friday, both organizations announced. “Through this mechanism, the coordinated efforts of the World Bank Group and the IMF […]
World Bank predicts GDP growth of just 2.9%
The latest report from the World Bank, which will be public from today, June 11, presents a slight upward revision of the Peruvian economy in 2024. Thus, it estimates an advance of 2.9%, when in April it forecast 2.5%. “Peru will grow, according to projections, 2.9% in 2024 and 2.6% in 2025“, since the decrease […]
Mining, tourism and agriculture, sectors that Ecuador should promote according to the World Bank
The formal mining and environmentally responsible, tourism and agriculture are the three sectors with the greatest potential identified by the world Bank so that Ecuador diversify your economy and maintain sustained and resilient growth that allows you to create employmentreduce poverty and become a high-income country, all accompanied by changes that encourage innovation and competitiveness […]
World Bank warns of high risk that Palestine will suffer a “fiscal collapse”
Given the consequences that the Gaza war, The risk of Palestine suffering a fiscal collapse has increased considerably in recent months, according to the World Bank. “The PA’s fiscal situation has worsened dramatically over the past three months, significantly increasing the risk of a fiscal collapse.”states the institution in an update of the report ‘The […]
The Peruvian economy will not take off in 2024
Both the Ministry of Economy and Finance (MEF) and the Central Bank (BCRP) anticipate that the GDP will rebound, after the recession, to 3% this year. Yesterday, The International Monetary Fund (IMF) reduced its projection from 2.7% to 2.5%; and, although its report does not delve into the defects and challenges facing the Peruvian economy, […]
The United States prepares with its allies sanctions against Iran for the attack on Israel
The secretary of Treasure from USA, Janet Yellen, announced this Tuesday that he will take advantage of the spring meetings of the International Monetary Fund (IMF) and of World Bank (WB) that begin this Tuesday to coordinate a new round of sanctions against Iran for the attack on Israel. In a press conference, Yellen said […]
IMF and WB begin their meetings in the shadow of escalating tensions in the Middle East
Ministers and global economic authorities meet in Washington this Monday to participate in the spring meetings of the International Monetary Fund (IMF) and the world Bank (WB), in a time of optimism about the resilience of the economy, but under the shadow of the escalation of tensions in the Middle East. This is the first […]
The IMF and the WB face meetings with optimism regarding the resilience of the economy
The International Monetary Fund (IMF) and the World Bank (B.M.) spring meetings begin this April 15 with the optimism that the economy will rise in 2024 than expected, despite the complex global situation derived from the wars in Ukraine and Gaza and the increasing geopolitical polarization. If just a year ago the managing director of […]
The South American country that will have the highest growth in GDP during 2024: it surpasses Peru and Brazil
He world Bank has adjusted its projections on economic growth in Latin America, anticipating an expansion of the Gross Domestic Product (GDP) of 1.6% for this year, followed by 2.7% in 2025 and 2.6% in 2026. These Figures represent a decrease compared to previous estimates, especially for 2024, which has been revised downwards by 0.7% […]