The food insecurity during 2022 it affected about 258 million people in 58 countries around the world. The figure is almost 38% more than that registered in the previous year when it reached around 192 million people, according to the latest Global Report on Food Crises 2023 (GRFC) prepared by the World Bank. This number […]
Tag: world Bank
Biden nominates a Latina economist for Fed Governor
The US president, Joe Biden, nominated this Friday the Colombian-American economist Adriana Kugler to be governor of the Federal Reserve (Fed), which would make her the first Latina to be part of the board that leads the US organization. Kugler is currently the executive director of World Bank Group for the United States. According to […]
Ajay Banga, from emerging markets to the World Bank to combat the climate crisis
He has no experience in development organizations, but the new president of the World Bank (WB), Ajay Banga, is clear that his experience in both emerging and developed economies makes him the most suitable for a position where one of the main challenges will be fight against climate change. At 63, the turban-wearing Indian-American executive […]
World Bank confirms Ajay Banga, former CEO of Mastercard, as its president
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 […]
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 […]