The executive board of the World Bank granted a loan of 700 million dollars in favor of Ecuador, with the objective that the country allocate resources to support the fight against Covid-19, promote economic growth, job creation and climate resilience.
The loan is variable rate, repayable in 16.5…
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World Bank
The Gross Domestic Product of Mexico grew by 5 % in 2021
The Gross Domestic Product (GDP) of Mexico experienced a growth of 5 % in 2021 compared to the previous year, according to preliminary estimates from the National Institute of Statistics and Geography (Inegi), falling below the forecasts of…
World Bank allocates 93,000 million dollars to poor countries
The World Bank created 93 billion dollars fund to help the poorest countries recover from the crisis caused by the pandemic and to finance other programs. The president of the organization, David Malpass, considers that the "generous…
Debt of Latin America and the Caribbean stands at 75.4 % of the region’s GDP
The World Bank's chief economist for Latin America and the Caribbean, William Maloney, highlighted that the average public debt in the region has increased by 15 points, to account for 75.4 % of the regional Gross Domestic Product (GDP).…
The World Bank appoints new manager for Latin America
The World Bank appointed William Maloney as the institution's new chief economist for the Latin American and Caribbean region, according to a statement.
Maloney will be in charge of guiding the strategic priorities and technical quality of…
World Bank forced to accept payments in Bitcoin
The World Bank will not provide technical assistance to El Salvador in the process of adopting Bitcoin (BTC) as a legal currency, due to transparency and the impact that digital mining generates on the environment. Nevertheless, the body…
World Bank warns about negative impact of high taxes
The president of the World Bank, David Malpass, warned of the negative implications for emerging and developing economies of setting an excessively high minimum corporate tax at the international level, such as the 21 % raised by the United…
World Bank calls to avoid extension of debt crisis in Latin America
This Tuesday, the president of the World Bank, David Malpass, reported that the crisis and financial climate that has occurred this last year has led the organization to fulfill the responsibility of raising the world's economies,…