Guyana is a small country of 80,000 inhabitants located on the American continent and emerging as an important economic force. Until October 2023, the International Monetary Fund (IMF) reported that the Gross Domestic Product (GDP) of this nation would continue to experience solid growth, up to 38.4%. Although other Latin American countries are facing a […]
Tag: world Bank
More than 50% of informal workers do not believe in formalization
Informality is an endemic evil that affects 7 out of 10 Peruvians – according to the INEI – and has dented growth ambitions, since more than half of businesses outside the formal sphere consider that regulation does not bring them benefits, according to the World Bank. In detail, approximately 50% of informal workers believe that […]
World Bank and UAE lead push for climate finance at COP28
Governments, development banks and companies on Friday announced initiatives to mobilize billions in climate cash at COP28, a battle in which the United Arab Emirates has made increased financing a central element of its leadership in the talks from the ONU. So far, the world has only just begun to provide the huge amounts of […]
World Bank studies accelerating loans amid strong review
He world Bank aims to accelerate the disbursement of loans by a third in just two years, a key pillar of a review that aims to make the development organization more effective. “We haven’t set an exact date, but we will try to reduce (delivery times) by a third in maybe a couple of years.”said […]
They warn the WHO that global preparation is insufficient for future pandemics
Progress in global preparedness after the coronavirus pandemic covid-19 they still are “insufficient” to confront possible new major health threats, warned today a panel of experts that advises the World Health Organization (WHO). This warning comes from the annual report presented in Geneva by the Global Preparedness Monitoring Board, an advisory body supported by the […]
World Bank warns of “serious” economic damage from Israel-Hamas war
The war between Israel and Hamas could cause harm”serious” to global economic development, the president of the World Bank warned on Tuesday during an investor forum in Saudi Arabia. After what recently happened in Israel and Gaza “I think the impact on economic development will be even more serious.”said World Bank President Ajay Banga. “We […]
Global debt will be greater than the GDP of the entire planet by 2030, according to IMF
Global debt would exceed 100% of world GDP by 2030, according to a new forecast from the International Monetary Fund (IMF) presented this week at its annual meeting with the World Bank (WB). The multilateral organization specified that the increase is due to the slowdown in the growth of economies around the world, the increase […]
World Bank: interest rates will remain high for longer
As a result of the global increase in inflation due to the pandemic, central banks—in this part of the world, mainly influenced by the United States Fed—chose to raise interest rates to levels not seen in several decades to mitigate this phenomenon. Ajay Bangapresident of the World Bank, acknowledged that inflation has begun to decline […]
BM confirms more resources and credits with lower rates for Latin America
He world Bank (WB) has launched reforms to finance projects focused on the climate crisis and the green transition in Latin America and the Caribbean, with more resources and lower interest rates, according to its vice president for the region, the Colombian Carlos Felipe Jaramillo. In an interview with EFE, Jaramillo confirmed that the organization […]
Global roundtable on sovereign debt to meet to discuss restructuring
Global creditors will next week discuss including domestic debt in restructuring plans for countries in default, two sources with direct knowledge of the matter told Reuters, a sign of progress after months of delays. At the technical meeting on September 15 of the Global Roundtable on Sovereign Debt Representatives will participate, probably at the deputy […]