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 […]
Tag: world Bank
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 […]
World Bank reform to begin in April, says US Treasury secretary.
The reform of world Bank (WB), which would better meet the financing needs of developing countries, would begin in April, the Secretary of the Treasury of USA, Janet Yellen. “The first phase of implementation should start at the spring meetings of the World Bank and the International Monetary Fund (IMF) in April,” Yellen said during […]
Daniel Barco: “We project a rate of 2.6%, but we will probably have to review it”
The World Bank’s senior economist in Peru assures that “political volatility materializes downside risks in the Peruvian economy.” From the World Bank they describe the virtues and complications of our market in the midst of a sociopolitical crisis, in a year where the economy weighed down by external and internal attacks, it would grow less […]
World Bank: Peru has a very limited system to reduce poverty
In fiscal matters, taxes and direct transfers, reforms still need to be carried out, since we are at a disadvantage compared to other countries in the region. Although Peru still has macroeconomic strengths to remain stable despite the risk of global recession —in the face of inflation and the tightening of monetary policies in large […]
Latin America: Extreme poverty reached its highest level in 25 years
Impact. Inflation and the global slowdown in 2022 hit neighboring economies hard, including Peru. Likewise, ECLAC warns that these figures will not drop in 2023. The countries of the Latin American continent begin 2023 with complicated and uncertain forecasts, after leaving a year marked by a strong inflation and a global crisis caused by the […]
The World Bank maintains Peru’s growth at 2.6% by 2023
The World Bank estimates that the global economy will no longer grow 3% this year, and now it would do so in 1.7% due to high inflation, the drop in investment and the restrictions inherent to the geopolitical conflict between Russia and Ukraine. With that will get its third lowest rate in almost three decadesbelow […]
World Bank cuts global growth prospects to 1.7% in 2023
The world Bank today reduced its growth prospects for the global economy to 1.7% in 2023 -below the 3% forecast six months ago- and 2.7% for 2024. According to the international body, global growth “is slowing dramatically” due to high inflation, higher interest rates, reduced investment and disruptions caused by the Russian invasion of Ukraine. […]
Peruvian economy would grow 2.6% this year, sustained by its exports, predicts the World Bank
The world Bank estimated in his report “Global Economic Prospects” that the annual growth of the Peruvian economy will be 2.6% for 2023 and 2024. This advance will be driven by exports and the expansion of production of copper. However, in terms of trade with other markets, they are expected to weaken as metal prices […]
World Bank expects “sharp and lasting” economic slowdown
World economic growth may fall to the point of “dangerously close” of the recession in 2023, the World Bank (WB) said on Tuesday, cutting its forecasts due to high inflation, the increase in interest rates and the Russian invasion of Ukraine. Economists have warned of a global economic downturn as countries battle rising costs and […]