The World Bank (WB) elected this Wednesday the American of Indian origin Ajay Banga as the fourteenth president in its history. The executive directors of the World Bank approved the appointment of bangathe only candidate there was and who was presented by the Government of Joe Biden to replace David Malpass. Banga will occupy the […]
Tag: world Bank
World Bank: about 60% of households lack one or more basic services
Despite the notable contribution of Peruvian economic growth in reducing the poverty Over the last two decades, gaps in access to basic services such as water, internet, electricity and sanitation persist, according to the World Bank. With the pandemic, close to 60% of households do not have one or more of the essential services despite […]
World Bank: 1.4 million Peruvians fell into the bowels of poverty in 2022
The World Bank estimates that, at the end of 2022, 31.8% of the Peruvian population is poor —a third of the total, considering that there are 10 million 812,000 people. Although in the coming days he will give the specific figure on the poverty ratio for the third year of the pandemic, he specified that […]
ECB: Banking crisis should not mean cutting interest rates
The president of the European Central Bank (ECB)Christine Lagarde, argued on Sunday that the recent banking crisis should not imply a reduction in interest rates by her institution. “We don’t have to cut (rates). We’ll see. Because we really have to gauge what will come out of these recent financial events.”Lagarde said in an interview […]
World Bank president sees “convergences” on debt and reforms
The president of the world Bank (BM) affirmed this Thursday that it was “satisfied” with the “convergences” between the main members of the entity on issues such as the intervention capacity of international financial institutions (IFIs) or the restructuring of the debt of developing countries. “There is convergence on how to strengthen financial capacity. This […]
World Bank lays the “first stone” of its reform to increase lending capacity
He world Bank Laid the cornerstone of a reform Wednesday that should increase its ability to lend to poor and developing countries to help them tackle climate change as the institution prepares to change its president in the coming weeks. “Our member countries approved measures that could add up to US$50 billion to the lending […]
BCRP: Julio Velarde participated in the G-24 meeting organized by the World Bank and the IMF
The president of the Central Reserve Bank of Peru (BCRP), Julio Velardeparticipated on Tuesday in the Meeting of Ministers and Governors of the Intergovernmental Group of Twenty-four for International Monetary Affairs and Development (G-24), in the framework of the Spring Meetings of the Group world Bank and the International Monetary Fund (IMF) in Washington. At […]
World Bank reviews 2023 global growth at 2%
The lack of confinement of markets in China has contributed to decongesting the global growth figures for 2023, anticipated this Monday the world Bank (BM) during the first day of its spring meetings with the International Monetary Fund (IMF). Thus, the head of the multilateral organization, David Malpass, announced a progress of three tenths from […]
World Bank plans to raise global growth forecast to 2% due to improvement in China
He World Bank (WB) He announced that he will raise the world growth forecasts for this year by three tenths, to 2%, thanks to the better prospects for China after the end of the blockades due to the pandemic, as indicated on Monday by the president of said institution, David Malpass. “It’s an upward revision […]
World Bank raises global growth forecast to 2% in 2023
David Malpasspresident of the World Bank (WB), announced this morning that the growth expectations of the world economy for this year could reach 2%, largely because China, one of the managers of global trade, overcame the blockades due to the pandemic of COVID-19. As part of his inaugural presentation during the spring meetings with the […]