The World Bank estimates that the use of open source artificial intelligence could help reduce the productivity gap in Latin America and the Caribbean, as well as boost regional economic development.
The organization proposes that, instead of funding the development of massive AI models from…
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World Bank
World Bank warns Bolivia’s GDP could fall 2.8 %
The October report "Economic Outlook for Latin America and the Caribbean," presented by the World Bank, warns that Bolivia could end 2026 with a 2.8 % drop in Gross Domestic Product (GDP).
According to the organization, this would make it…
World Bank increases support for developing countries
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…
World Bank estimates $19.6 billion in damage from earthquakes in Venezuela
The World Bank issued a preliminary assessment last week of the cost of damage in Venezuela caused by the June 24 earthquakes, estimating it at $19.6 billion.
The organization focuses on the destruction of residential buildings, and the…
Argentina secures $5 billion in new international loans
On Monday, June 22, Argentine President Javier Milei authorized the Treasury to acquire $5 billion in new debt under partial guarantee schemes provided by multilateral organizations.
While the resolution does not specify the lenders…
Official economic decisions are beginning to yield results in record time
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…
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,…