It is a fact that official economic decisions are beginning to yield positive results, and this is happening in record time. The Central Bank of Venezuela reported single-digit inflation at the end of May 2026, the lowest inflation rate in the last 19 months.
The publication on the BCV's official…
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World Bank
World Bank and IMF reestablish relations with Venezuela
Amid the easing of sanctions against Venezuela by the United States, the International Monetary Fund and the World Bank announced on Thursday, April 16, the reestablishment of relations with the South American country.
The decision was…
Bolivia’s GDP could contract in 2026
In its recent projections for 2026, the World Bank indicated that Bolivia could experience a 1.1 % contraction in its GDP.
According to the international institution, the nation could experience the steepest decline in Latin America, due…
IMF begins meetings with Venezuela to assess internal economic situation
Amid the current political situation in Venezuela, the International Monetary Fund held an off-the-cuff meeting with the country to assess the internal economic situation and the feasibility of resuming bilateral relations.
Some of the…
World Bank warns of rising extreme poverty in conflict-affected economies
A recent World Bank assessment reveals an alarming increase in extreme poverty in the 39 economies worldwide affected by conflict and instability. This situation has led to institutional fragility for decades, causing "social and economic…
World Bank adjusted its forecasts for China in 2024
In a recent update, the World Bank (WB) revised down its projections for China’s economic growth in 2023. Growth is now estimated at 5.2 %, marking an adjustment with respect to the previous forecast of 5.6 % made last June.
The…
World Bank approved a loan for Ecuador’s education
In an important announcement, the World Bank approved a loan worth $190 million for the execution of an ambitious project to improve educational quality in Ecuador. This project, which will focus especially on rural areas of the country,…
Biden will promote reforms in the IMF and WB to support developing countries
At the upcoming G20 summit in New Delhi, President Joe Biden will present his approach to modernizing the International Monetary Fund (IMF) and the World Bank (WB) to better support developing countries, the White House reported. on…
World Bank forecasts growth of 1.4 % in Latin America
The World Bank's chief economist for Latin America and the Caribbean, William Maloney, reported that the institution slightly increased its growth prospects for the region and will grow by 1.4 %, due to the effects of increases in bank…
World Bank concerned about China’s loans to Africa
The president of the World Bank, David Malpass, affirmed that he views with "concern" the concessions of bank credits that China has granted to several African countries.
In an interview, Malpass assured that the terms and conditions of…
World Bank estimates earthquake damage in Turkey at $34 billion
The World Bank estimated the damage caused by the earthquakes that devastated southeastern Turkey earlier this month at about $34 billion. However, the institution warns that the real cost of reconstruction could double that figure.
The…
Latin American economy will grow 1.3 % in 2023
The World Bank forecasts a "sharp slowdown" in economic growth in Latin America in 2023, with an increase in Gross Domestic Product (GDP) of 1.3 % for this year.
According to the forecasts of the international organization released this…