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Tag: world Bank

World Bank warns of “serious” economic damage from Israel-Hamas war

World Bank warns of “serious” economic damage from Israel-Hamas war 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 will be greater than the GDP of the entire planet by 2030, according to IMF 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

World Bank: interest rates will remain high for longer 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

BM confirms more resources and credits with lower rates for Latin America 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 roundtable on sovereign debt to meet to discuss restructuring 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 […]

The Supreme Court of Bangladesh fines Nobel Peace Prize winner to pay more than a million dollars

The Supreme Court of Bangladesh fines Nobel Peace Prize winner to pay more than a million dollars The Supreme Court of Bangladesh fines Nobel Peace Prize winner to pay more than a million dollars

The Supreme Court of bangladesh ordered this Sunday the Nobel Peace Prize winner Muhammad Yunus to pay 120 million taka (more than US$1 million) in taxes, in the latest in a series of legal actions against the award-winning economist by the authorities of the Asian country. The Supreme Court today rejected Yunus’s appeal against an […]

Strengthen wages and expedite investments to boost GDP

Strengthen wages and expedite investments to boost GDP Strengthen wages and expedite investments to boost GDP

Peru, in recent years, has been a melting pot of misfortunes. Political and social struggles and even Mother Nature have not ceased to agitate her fiercely. Although people do not eat GDP – an indicator defended by a political sector as a barometer of well-being – the prospects are grey: we would grow below 2% […]

World Bank lends US$150 million to Chile to promote green hydrogen

World Bank lends US$150 million to Chile to promote green hydrogen World Bank lends US0 million to Chile to promote green hydrogen

He world Bank awarded US$150 million to Chili to encourage investment in green hydrogenin its first global loan to promote this non-polluting energy source, the financial institution reported on Thursday. Chile hopes to produce the lowest cost hydrogen in the world by 2030 and to be one of the three main world exporters of this […]

IMF and WB launch reform signals for climate and development financing

IMF and WB launch reform signals for climate and development financing IMF and WB launch reform signals for climate and development financing

The International Monetary Fund (IMF) and the world Bank (BM) sent this Thursday signs of some reforms in which they are involved in order to mobilize many more funds, public, but also private, to finance the fight against poverty and against the consequences of climate change. The general director of the IMFKristalina Georgieva, announced in […]

Pension 65: economic subsidy would remain at S/300 by 2024

Pension 65: economic subsidy would remain at S/300 by 2024 Pension 65: economic subsidy would remain at S/300 by 2024

The executive director of the Pensión 65 program, Julio Mendigure Fernández, affirmed that it is a decision of the Ministry of Development and Social Inclusion (Midis) to maintain the S/300 subsidy from 2024, since the official amount that is delivered, of S/ 250 every two months, has lost its purchasing power. “When Pensión 65 begins […]

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