poor countries – Bitfinance https://bitfinance.news Fintech & new economy info Wed, 08 Jun 2022 12:08:49 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://bitfinance.news/wp-content/uploads/2025/01/favicon-64.png poor countries – Bitfinance https://bitfinance.news 32 32 World Bank forecasts low economy growth https://bitfinance.news/en/world-bank-forecasts-low-economy-growth/ Wed, 08 Jun 2022 13:00:23 +0000 https://bitfinance.news/?p=82092 La institución financiera actualizó sus previsiones sobre el crecimiento de la economía, situándolo ahora en 2,9 %

The World Bank recently said that the growth of the global economy was somewhat lower than previously expected. According to the financial institution, a “prolonged period of low growth and high inflation” is likely to occur, mainly in low-income countries. Before this analysis, the World Bank had declared that the economy was going to grow […]

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]]> La institución financiera actualizó sus previsiones sobre el crecimiento de la economía, situándolo ahora en 2,9 %

The World Bank recently said that the growth of the global economy was somewhat lower than previously expected.

According to the financial institution, a “prolonged period of low growth and high inflation” is likely to occur, mainly in low-income countries.

Before this analysis, the World Bank had declared that the economy was going to grow by 4.1 % and now, the forecasts have dropped to 2.9 % according to the latest report.

“The world economy is expected to experience its biggest slowdown after a recovery in more than 80 years. The result is a growing risk of stagflation”, the institution added.

K. Tovar

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Source: Cincodias

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]]> IMF announces debt relief for several countries https://bitfinance.news/en/imf-announces-debt-relief-for-several-countries/ Tue, 06 Apr 2021 14:51:39 +0000 https://bitfinance.news/?p=61336 El Fondo Monetario Internacional autorizó una medida que busca generar alivio a más de 28 naciones que se encuentran en un mal estado económico, con respecto al Covid-19

This week, the International Monetary Fund (IMF) announced the extension of debt relief to more than 28 countries in a terrible economic situation, and that have also been severely affected by the coronavirus. Initially, the Trust for Containment and Disaster Relief (FFACC) was launched by the IMF in April 2020, however because the situation persists […]

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]]> El Fondo Monetario Internacional autorizó una medida que busca generar alivio a más de 28 naciones que se encuentran en un mal estado económico, con respecto al Covid-19

This week, the International Monetary Fund (IMF) announced the extension of debt relief to more than 28 countries in a terrible economic situation, and that have also been severely affected by the coronavirus.

Initially, the Trust for Containment and Disaster Relief (FFACC) was launched by the IMF in April 2020, however because the situation persists they decided to extend it further.

At the time, the FFACC covered 25 countries over a six-month period. Last October, the device was rolled out to a total of 28 countries, and it was extended until April 13, 2021.

This relief mechanism decided to have another extension for October 15, as indicated by the institution from its headquarters in Washington through a statement. Most of the 28 beneficiary countries are from Africa, although Haiti, Afghanistan, Solomon Islands, Nepal, Tajikistan and Yemen were also included.

“The debt relief provided under the FFACC is intended to free up resources to meet exceptional balance of payments needs generated by a disaster rather than having to use those resources to service the debt”, according to the IMF.

K. Tovar

Source: Bancaynegocios

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