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 Washington-based institution also revised up its forecasts for 2024,…
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World Bank
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…
Latin America faces “a lost decade”
Several economic experts for the countries of Latin America have warned that the region is facing "a lost decade" in terms of economic growth that will last until 2025, since the levels of GDP per capita of 2014 will not be recovered until…
WB issues alert on growth in Latin America
The chief economist for the Latin America and Caribbean region of the World Bank, William Maloney, expressed his concern about the low economic growth that is forecast for the coming months in the Latin American region, highlighting at the…
The World Bank assures that the Latin American economy will grow by 3 %
The World Bank estimates that the Gross Domestic Product (GDP) of Latin America and the Caribbean will grow 3 % in 2022, a rate higher than expected due to the increase in the prices of raw materials.
However, the agency estimates that…
World Bank will help combat climate change
The World Bank announced that it will provide support to Latin America to be able to face the situation with climate change, through adaptation strategies.
The Latin American and Caribbean region generates 8 % of the world's greenhouse gas…
World Bank approves 200 million dollars for Ecuador
The Executive Board of the World Bank approved an additional credit for 200 million dollars to finance the Social Protection Systems project in Ecuador with the objective of reducing malnutrition in "pregnant women and children under 24…