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 […]
Tag: world Bank
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 […]
World Bank: Latin America loses attractiveness and participates little in the global economy
Latin America is coping with the crisis derived from the war in Ukraine but it is of little use if it does not participate more in the global economy, attract more investment and take advantage of productive relocation and green industry, the World Bank highlighted on Tuesday. The economies of Latin America and the Caribbeanhave […]
World Bank warns of sharp global slowdown if banking crisis spreads
He World Bank (WB) warned this Monday that if the banking crisis spreads it could lead to a “much sharper” slowdown in global growth, which would further lower the “speed limit” of the world economy. “When you think about the consequences of these episodes on potential growth, what we know is that the slowdown could […]
It is urgent to postpone retirement to maintain the economically active population, affirms BM in support of Macron
Given a longer life expectancy, increasing the retirement age is necessary to maintain the proportion of the economically active population despite aging, recommended Monday the chief economist of the World Bank (WB), Indermit Gill. Taking as an example FranceGill recalled that in that country they “sees a 20-year increase in life expectancy since 1950″. “We […]
World Bank estimates US$ 34 billion in earthquake damage in Turkey
The World Bank estimated this Monday at US$34 billion the economic cost of the damage caused in Turkey by the strong earthquakes that devastated the southeast of the country at the beginning of the month, although it warned, in a report, that reconstruction could cost twice as much. that figure. “The report acknowledges that the […]
Four years is a long time, says former World Bank chief of unexpected departure
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The president of the world BankPresident David Malpass told Reuters on Thursday that he decided to leave the bank before the end of his five-year term because he believed work was on the right track on reforms aimed at expanding lending. In his first interview since announcing his departure on Wednesday, the former Bear Stearns […]