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Tag: world Bank

Daniel Barco: “We project a rate of 2.6%, but we will probably have to review it”

Daniel Barco: “We project a rate of 2.6%, but we will probably have to review it” 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

World Bank: Peru has a very limited system to reduce poverty 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

Latin America: Extreme poverty reached its highest level in 25 years 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 maintains Peru’s growth at 2.6% by 2023 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

World Bank cuts global growth prospects to 1.7% in 2023 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

Peruvian economy would grow 2.6% this year, sustained by its exports, predicts the World Bank 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 Bank expects “sharp and lasting” economic slowdown 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 […]

IMF, EBRD and World Bank foresee serious consequences of war after Russia’s invasion of Ukraine

IMF, EBRD and World Bank foresee serious consequences of war after Russia’s invasion of Ukraine IMF, EBRD and World Bank foresee serious consequences of war after Russia’s invasion of Ukraine

Updated on 03/18/2022 11:02 am Large economic institutions, such as the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD) and the World Bank, declared themselves “horrified and deeply concerned” for the Russian invasion of Ukraine and warned of the “Wide global economic consequences”. In a statement, the signatory organizations, among which […]

Financial aid, crucial for services to continue operating in Ukraine after Russian invasion

Financial aid, crucial for services to continue operating in Ukraine after Russian invasion Financial aid, crucial for services to continue operating in Ukraine after Russian invasion

Humanitarian and security aid is pouring in as the crisis in Ukraine worsens, but financial support is also vital to keep the government going. “The economy is collapsing”said Adnan Mazarei of the Institute for International Economics, a think tank based in Washington. As long as Kiev cannot collect taxes, “It is absolutely crucial that the […]

World Bank suspends “immediately” all its programs in Russia and Belarus

World Bank suspends “immediately” all its programs in Russia and Belarus World Bank suspends “immediately” all its programs in Russia and Belarus

The World Bank (WB) reported this Wednesday that they will suspend “with immediate effect” all their programs in Russia and Belarus, due to the war outrage carried out in Ukraine. “As a consequence of the Russian invasion of Ukraine and hostilities against the people of Ukraine, the World Bank has stopped all its programs in […]