According to the latest report by the World Tourism Organization (WTO), international tourism is on track to reach levels similar to pre-pandemic this year, recovering an impressive 88% of the volume recorded before the arrival of Covid-19 in 2023.
With around 1.3 billion international arrivals,…
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economic recovery
Nicolás Maduro calls on the business sector to work for economic growth
This Monday, during his television program "Con Maduro +", the president of Venezuela called on the business sector to join the dialogue for the economic recovery of the country.
Maduro emphasized "the need to create a General Staff…
79th Annual Assembly of Fedecámaras will be in Maracaibo
The president of Fedecámaras, Carlos Fernández, indicated at a press conference on March 1st that the organization's 79th Annual Assembly will be held from July 20 to 23 in the city of Maracaibo, Zulia state.
The participants will analyze…
Peru’s economic reactivation is expected soon
The Minister of Economy and Finance of Peru, Alex Contreras, pointed out that the reactivation of the economy of the regions of the country most affected by the social conflict can be appreciated already at the end of the first quarter of…
The Latin American insurance market grows 11.5 % in 2021
The Latin American insurance market grew 11.5 % in 2021, to 149,794 million dollars (about 153,280 million euros), and recovered from the strong contraction it experienced in 2020 (-11.9 %). Although it has not yet recovered the level of…
CAF approves seven loans for the economic recovery of Latin America
CAF approved the disbursement of 1,650 million dollars corresponding to seven loans destined to support the economic development of Latin America and the Caribbean, with Argentina, Brazil, Paraguay, Peru and Trinidad and Tobago as…
Bank of China to support country’s economic recovery
The People's Bank of China (PBC) assured that it will continue to maintain a monetary stance that supports the recovery of the economy, after the impact of the Covid-19 pandemic and the successive restrictions imposed to contain infections,…
Credit is essential to achieve growth, according to Fedecamaras
The president of the Federation of Chambers and Associations of Commerce and Production of Venezuela (Fedecamaras), Carlos Fernández, assured that the State must allow the granting of bank credit for economic recovery.
“To reach a better…
Venezuela’s economic challenges for 2022
The Venezuelan economy in 2021 was characterized by a series of restrictions imposed by the government due to the pandemic. However, for 2022 great challenges are assigned to achieve economic growth in the country.
The main economic…
CAF announced its new president
Colombian Sergio Díaz-Granados assumed the executive presidency of the Development Bank of Latin America (CAF) with the aim of promoting the economic and social reactivation of the region.
In a ceremony held at the headquarters of the…
Stocks of the world keep another month of profit
Various forecasts hold that world stocks will go into their fourth consecutive month of gain, showing that the world economy is on a steady recovery path.
MSCI's broader index of world stocks rose 0.1 %, stepping the indicator toward a 1.4…
IMF launches global vaccination proposal
The International Monetary Fund (IMF) prepared a proposal that consists of having 50,000 million dollars to apply a mass vaccination plan against Covid-19 for the world.
The organism's goal is to have 40 % of the world's population…