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 website also notes that the National Consumer Price Index (INPC) registered a month-on-month variation of 6.3 %, adding that “With this marked downward trend, we are entering a path of deceleration for 2026.”

The economic decisions made by President (E) Delcy Rodríguez have been firm so far in 2026. First, the restructuring of the economic team, appointing Calixto Ortega Sánchez as vice president of the area and then the economist Luis Pérez as president of the Central Bank of Venezuela. In addition, there is the call for the restructuring of the external debt and the reintegration of Venezuela into international organizations, such as the World Bank and the IMF, which adds transparency to the process.

This has led to and made possible a series of economic successes, including GDP growth in the first quarter of the year, as well as reaching single-digit inflation in May.

Finally, the Central Bank president had already warned of this, stating, “We are going to have single-digit inflation and a significant slowdown for the rest of the year,” which, according to economic analysts, is a major achievement after only a month in office.

The economic plan focuses primarily on the recovery of the oil and mining industries, which will guarantee economic growth, and secondly on strengthening a more efficient exchange rate system to ensure inflation control and investment in capital goods.

Ultimately, the recovery plan aims for a long period of economic growth with moderate inflation.

By: Lorena Mavárez

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La entrada Official economic decisions are beginning to yield results in record time apareció primero en Bitfinance.

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 announced following recent licenses issued by the Office of Foreign Assets Control (OFAC), which allow Venezuela, the Central Bank, and other banking entities in the country to carry out certain transactions, potentially contributing to economic development.

The IMF “has already offered the country future access to financing instruments.” However, the interim president, Delcy Rodríguez, stated that she does not foresee a debt program at this time.

Regarding the restoration of relations, IMF Managing Director Kristalina Georgieva issued a statement indicating that the organization, “following the opinion of the majority of its members, was now dealing with the Government of Venezuela under the administration of the country’s interim president, Delcy Rodríguez.”

For its part, the World Bank Group also commented on the decision announced last Thursday. “According to the statement, its last loan was granted in 2005.”

Both organizations accelerated the measure after US President Donald Trump recognized the Rodríguez government, a strategy aimed at promoting political and economic stability in Venezuela.

M.Pino

Source: france24

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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 in part to factors that have persisted over time, such as the dollar shortage and the decline in the hydrocarbons sector.

In its World Economic Outlook 2026 report, the World Bank also anticipates “a greater deterioration by 2027, when the Bolivian economy could contract by 1.5 percent.”

Regarding the outlook for Latin America and the Caribbean, the World Bank projects average growth of 2.3 % this year and 2.6 % in 2027, as trade flows normalize and domestic demand improves.

M.Pino

Source: xinhuanet

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La entrada Bolivia’s GDP could contract in 2026 apareció primero en Bitfinance.

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 topics discussed during this meeting include the lack of official statistics, which hinders the IMF’s assessment, and the possibility of the country accessing $5 billion in Special Drawing Rights (SDRs), the use of which is currently suspended due to the international recognition status of the Venezuelan authorities.

Along with the IMF, other international organizations, such as the World Bank and the Inter-American Development Bank (IDB), also held internal meetings with Venezuela, demonstrating the multilateral organizations’ interest in truly understanding the state of the Venezuelan economy and the technical challenges that any potential assistance from them would entail.

These meetings do not imply a pre-established plan of aid or assistance to Venezuela, but rather an evaluation of the technical and political conditions for moving toward such a scenario.

M.Pino

Source: elnacional

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La entrada IMF begins meetings with Venezuela to assess internal economic situation apareció primero en Bitfinance.

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 setbacks that further distance them from the Sustainable Development Goals.”

According to the international organization’s report, over 421 million people currently live on less than $3 a day in these conflict-ridden countries, exceeding the total number of people in extreme poverty in the rest of the world combined.

The WB estimates that this figure could reach 435 million people by 2030; that is, “almost 60% of the total global population in extreme poverty” as a result of military confrontations between Russia and Ukraine, as well as in the Middle East and Africa, a continent that accounts for 70 % of people suffering the effects of conflicts.

According to the World Bank, “since 2020, the GDP per capita of these economies has fallen by an average of 1.8 % annually, while in other developing countries it grew by 2.9 %. Furthermore, their per capita income levels (USD 1,500 annually) have not improved since 2010, unlike the average of USD 6,900 in other emerging economies.”

Moreover, the infant mortality rate in these nations is double that of other regions, and life expectancy is seven years lower; “90 % of school-aged children do not achieve minimum reading levels, and acute food insecurity affects 18 % of the population, 18 times more than in stable economies.”

The organization estimates that the losses caused by these conflicts amount to up to 20 % of GDP per capita over five years. In this regard, it considers it necessary to address issues such as violence prevention and institutional fragility early on to reverse the situation and identify the hidden potential of their economies to boost their development.

M.Pino

Source: finanzasdigital

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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, raising China’s Gross Domestic Product (GDP) growth from 4.4 % to 4.5 %, indicating an optimistic outlook for next year.

The report highlights the prospect of a protracted recovery in the housing sector and persistently weak external demand. The government is expected to maintain a moderately expansionary fiscal and monetary stance in 2024 to support growth.

The World Bank points to “structural constraints” to growth, including “high debt levels“, “ageing populations”, and “lower productivity growth.” It also identifies “significant risks”, such as a possible prolonged slowdown in the real estate sector, increased geoeconomic tensions and the impact of climate change.

Mara Warwick, World Bank Director for China, Mongolia and Korea, stressed that the easing of macroeconomic policy has supported the short-term recovery, but stressed the importance of

Complementary structural reforms to boost confidence and revive the momentum for growth. Improving China’s debt resolution framework and strengthening the enabling environment for private business are crucial, Warwick said.

During the third quarter, the world’s second-largest economy recorded an increase of 4.9% compared to the same period of 2022, still marked by the aftermath of the already dismantled national policy of ‘zero Covid’.

Beijing had set an official growth target of “around 5 %” for this year. Amid threats such as the housing crisis, local government debt risks, slow global growth, and geopolitical tensions, Chinese authorities have sought to counteract the weak post-pandemic economic recovery in recent months.

K. Tovar

Source: Bancaynegocios

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La entrada World Bank adjusted its forecasts for China in 2024 apareció primero en Bitfinance.

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, aims to intervene in 1,200 schools, where around 12,000 teachers teach and approximately 790,000 students study.

The loan, with a variable margin and a term of seventeen years, including an eight-year grace period, was announced in a statement issued by the World Bank on September 29.

The project has multiple facets, all aimed at strengthening education in Ecuador. Firstly, it will focus on improving school infrastructure, promoting the health and well-being of students through the creation of resilient, inclusive and energy efficient spaces, designed to address the climate risks to which the country Is exposed.

In addition, a curricular update will be carried out for early education teachers, incorporating innovative pedagogical models that will boost the quality of teaching in the classrooms, thus preparing students for their entry into school.

The project will also provide classroom equipment and resources, including the creation of reading spaces through library networks in marginalized rural areas.

A highlight of the project is its contingent emergency response component, which will allow the reallocation of funds in the event of disasters to serve schools whose infrastructure has been affected.

The selection of the schools that will benefit from this loan was based on criteria that include the level of poverty measured by the index of unmet basic needs, the security risk according to indicators of violence in the areas where the schools are located, and the concentration of migrant population.

The director of the World Bank for Bolivia, Chile, Ecuador and Peru, Issam Abousleiman, expressed his support for this investment in safe and suitable schools, highlighting the importance of improving the teaching-learning process in a country exposed to multiple climate threats.

Ecuador’s Minister of Education, María Brown, also praised the loan, stating that it “will contribute to increasing educational access and quality in more than 1,200 educational institutions nationwide” and is expected to double enrollment and improve quality. education by 2028, providing better opportunities to children and adolescents, especially at the initial education level.

K. Tovar

Source: Bancaynegocios

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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 Tuesday.

Jake Sullivan, the president’s national security adviser, noted that Biden will direct his efforts toward modernizing the multilateral development banks, including both the World Bank and the IMF. These institutions, controlled by the United States and Europe, become a welcome alternative to China’s opaque methods of financing development projects.

Sullivan stressed the importance of addressing the broad financing needs of developing countries, including loans made by China through the “New Silk Roads.” The US proposal seeks to establish solutions with high quality standards and principles to guarantee effective support to these countries.

According to Sullivan’s estimates, the reform proposals put forward by the United States could free up about $50 billion in US-only lending to middle-income and poor nations. The expectation is that partners and allies will also contribute, which would increase the total amount available to $200 billion.

Sullivan stressed that the objective of strengthening the IMF and the World Bank is not directed against China. However, this initiative arises in a context in which China has been expanding its economic influence through projects such as the “New Silk Roads”.

The White House proposal emerges while the BRICS summit in South Africa is taking place. This summit aims to expand the bloc of emerging nations in search of greater influence on the international stage.

Sullivan clarified that the BRICS are not expected to become a geopolitical rival to the United States. This statement seeks to allay possible concerns about the relationship between this bloc of emerging nations and the foreign policy of the United States.

K. Tovar

Source: Bancaynegocios

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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 interest rates. centers to fight inflation.

In Maloney’s opinion, growth in the coming years will be too low to bring about a significant reduction in poverty. However, he added that Latin America has so far been able to withstand the current economic uncertainty, aggravated by the Russian invasion of Ukraine.

«Latin America, in general, trades less than it should, taking into account the proximity to its partners and their free trade agreements. We should be exporting a lot more,” Maloney said.

Added to this is a progressive reduction in foreign investment in the region, especially Spanish ones, the expert pointed out.

With information from DOBLELLAVE

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La entrada World Bank forecasts growth of 1.4 % in Latin America apareció primero en Bitfinance.

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 these credits must be “more transparent”, amid reports that countries like Ghana and Zambia are having problems repaying the borrowed money.

Many countries with fragile developing economies accept loans from other nations or from international organizations, but rising interest rates in the past year mean many of them are having trouble repaying them.

For Malpass, it is especially difficult to find that extra money in an economy whose currency is constantly devaluing, which causes a “double whammy, and means that (economic) growth is going to be slower.”

“What I especially recommend is that they be transparent in the contracts. That has been one of the problems, if you draw up a contract and it says but don’t show it to anyone else, that’s a negative point, you have to get away from that,” he added.

In the case of Chinese loans, he said African governments are “offering collateral as incentives to get credit,” something they shouldn’t do because it “locks (the issue) in for generations.”

These financing problems, Malpass points out, are not exclusive to the Asian giant: “If you look at the history of Western loans, sometimes it is not for the benefit of people in other countries. Even IMF credits have not always been the best thing that could be done for a country”.

K. Tovar

Source: El Periodico

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