The World Bank has supported developing countries this year with more than $100 billion in private capital, representing an increase of over 60 %.

According to the institution’s president, Ajay Banga, traditional donors “do not have the necessary funds to respond to the needs of developing countries.” He added that the World Bank “cannot lend $200 billion a year.” “We don’t have them.”

Governments have no room to maneuver and depend on private capital to bridge the gap between domestic needs and the public funds they can muster.

But, it is essential that the funds loaned by the World Bank be repaid, in a system or scheme satisfactory to investors.

M.Pino

Source: swissinfo

(Reference image source: Logan Voss on Unsplash)

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La entrada World Bank increases support for developing countries apareció primero en Bitfinance.

LaLiga recently reported that it is satisfied with the agreement reached with the sports and technology company EA Sports for the 2023-2024 Spanish championship season.

The leading video game distribution company will contribute approximately 30 million euros per year. The data indicates that this will be the last season of LaLiga Santander, thus culminating the seven-year contract valued at more than 17 million euros.

The season with the new sponsor will be focused on digital content and technology, in a business oriented to the global market, with young people as the main target. In fact, the popular sports video game FIFA will be renamed EA Sports FC starting this season.

Nota Informativa.

⚽🤝🎮 @EASPORTS FC será el patrocinador principal de todas las competiciones de LaLiga a partir de la temporada 23/24.

— LaLiga (@LaLiga) August 2, 2022

LaLiga seeks to achieve a greater presence in the market through a strategic combination of sport and cutting-edge technologies, managing concepts such as grassroots sport, brand, content, as well as considering changes in brand strategies.

The objective is to strengthen the presence and reach of LaLiga at a global level. They do not rule out the organization of various sporting events at a national and international level to make football more accessible to young people.

M.Pino

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La entrada Association LaLiga and EA Sports aims at technology and digital content apareció primero en Bitfinance.