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 necessary funds to respond to the needs of developing countries.” He added that the World Bank “cannot lend $200 billion a year.” “We don’t have them.”

Governments have no room to maneuver and depend on private capital to bridge the gap between domestic needs and the public funds they can muster.

But, it is essential that the funds loaned by the World Bank be repaid, in a system or scheme satisfactory to investors.

M.Pino

Source: swissinfo

(Reference image source: Logan Voss on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada World Bank increases support for developing countries apareció primero en Bitfinance.

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 estimated amount represents approximately 18 % of the country’s GDP.

The damage is concentrated in the coastal state of La Guaira and Caracas, the Venezuelan capital, especially the city center. Nationwide, it is estimated that more than 890 educational institutions suffered serious damage and 38 health centers were affected by the earthquakes.

Susana Cordeiro Guerra, World Bank Vice President for Latin America and the Caribbean, stated that Venezuela needs more investment, referring to the recovery efforts following the two earthquakes. She added that the organization will continue its assessments to assist the country, including potential financing.

Regarding the reconstruction period, Cordeiro estimates it would take five years if the country manages to mobilize $9.8 billion in additional financing to bolster the fiscal response and $9.6 billion in private investment.

M.Pino

Source: bloomberglinea

(Reference image source: Jason Mitrione on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada World Bank estimates $19.6 billion in damage from earthquakes in Venezuela apareció primero en Bitfinance.

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 involved, it does mention the “recent approvals from the World Bank, the Multilateral Investment Guarantee Agency, and the Inter-American Development Bank, which provided guarantees totaling $2.55 billion to facilitate access to foreign currency.”

The Mieli administration considers the measure a “strategy to reduce its financing costs, deeming the collaboration with internationally recognized banking institutions as advantageous.”

The funds in question are urgently needed to meet debt payments in foreign currency due for the current and next fiscal years.

By tying international banks to public coffers, the government is compromising the country, “deepening an external dependency that limits social spending and public investment.”

Regarding the country’s internal situation, it is known that the first major payment is due on July 9, with the maturity of $4.35 billion in principal on Global and Bonar bonds. Of this total, $3.8 billion is owed to private creditors, so the economic team must ensure immediate liquidity to avoid a default scenario.

M.Pino

Source: ultimasnoticias

(Reference image source: Paul on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Argentina secures $5 billion in new international loans apareció primero en Bitfinance.

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

Reference images: Archive

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

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

(Reference image source: Markus Krisetya on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada World Bank and IMF reestablish relations with Venezuela apareció primero en Bitfinance.

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

(Reference image source: Jakub Żerdzicki on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

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

(Reference image source: Luke Southern on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

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

(Referential image: Markus Krisetya on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada World Bank warns of rising extreme poverty in conflict-affected economies apareció primero en Bitfinance.

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

(Reference image source: Alexander Grey, Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

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

(Reference image source: Kimberly Farmer, Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada World Bank approved a loan for Ecuador’s education apareció primero en Bitfinance.