The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, expressed confidence that the deterioration in global economic activity will bottom out this year and that growth will accelerate again in 2024.
"Our projection is that we will be down half a percentage point from…
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Thailand will have virtual banks
The Bank of Thailand revealed that it plans to allow virtual bank operations by 2025, supported by companies that make a living in the world of finance.
The publication of the "Consultation document on the framework for granting licenses…
IDB commits to Latin America
The new president of the Inter-American Development Bank (IDB), Ilhan Goldfajn, promised to ensure that the multilateral bank is the "most important" development institution for Latin America and the Caribbean, becoming a "reliable" partner…
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…
Mexican digital peso launch date unclear
The Central Bank of Mexico, better known as Banxico, is still working on the launch of its own digital currency, which is now estimated not to be ready by 2024.
The information from the local media ensures that the institution is working…
Wyre implements a limit on withdrawals
The Wyre platform implemented an asset withdrawal limit for its users, just days after a rumor about a possible closure surfaced.
As indicated by those in charge of the cryptocurrency platform, this limit arises to protect the interests of…
Unemployment in the US fell in December
The unemployment rate in the United States (USA) fell two tenths last December, to 3.5%, and in the last month of 2022 223,000 jobs were created, according to figures published this Friday by the Bureau of Labor Statistics from the US…
Inflation in Venezuela stands at 305.7%
The National Consumer Price Index (INPC) of Venezuela increased by 37.2% in December in monthly terms and year-on-year inflation is now at 305.7%, according to the Venezuelan Finance Observatory (OVF), an independent organization of…
The IMF recommends the Fed to continue with its policy
The US Federal Reserve (Fed) should not relax yet in the fight against inflation, according to the deputy managing director of the International Monetary Fund (IMF), Gita Gopinath, for whom the US central bank has to "stay the course" and…
FED again issues comments on cryptocurrencies
The United States Federal Reserve (FED), along with other regulators in the region, issued a statement in which they discussed the risks involved in the use of cryptocurrencies in banking systems.
Others involved include the Office of the…
Ecuador and China finalize trade agreement
Ecuador and China successfully concluded the dialogue to achieve a trade agreement between the two countries, after four rounds of negotiations and dozens of technical meetings in the last ten months.
The president of Ecuador, Guillermo…
Minimum wage in France increased
The Government of France announced this week the increase in the minimum wage in the region, which will now be 1,353 euros per month.
This increase represents 1.8%, about 24 euros, more than the minimum income that an employee received in…