News of world bank

Massa announces US$1.3 billion in funding from IDB, World Bank

22-08-2023 21:52 World Bank and Inter-American Development Bank to loan Argentina around US$1.3 billion, announces Economy Minister Sergio Massa from Washington.

BRICS SUMMIT

BRICS strive to counter US with expansion, shared currency

01-06-2023 12:30 The BRICS group is ramping up its bid for greater global influence and to challenge the US, sensing a moment to capitalise on a splintering world order to build out its ranks.

REGIONAL ECONOMY

Latin America’s policy-makers warn investors of long fight against inflation

17-04-2023 17:08 Battle against inflation will take longer than expected, the region top economic authorities said at IMF Spring Meetings.

INTERNATIONAL FINANCING

World Bank lines up US$950 million of fresh support for Argentina

16-04-2023 09:19 Economy Minister Sergio Massa continues to search for international financing; World Bank joins list of multilateral organisations lending their support to Argentina.

ECONOMIC OUTLOOK

World Bank lowers forecast to no growth for Argentina in 2023

04-04-2023 14:50 International financial institution lowers its 2023 growth forecast for Argentina from two percent to zero growth and calls for “macroeconomic stability” in order to boost growth.

ANALYSIS

Panic in Silicon Valley

18-03-2023 03:12 The global economy has stepped on another landmine. Increased instability will hurt Argentina, as it did after 2008.

by Agustino Fontevecchia

EDITORIAL

Christmas this Sunday or last (or both)?

24-12-2022 06:45 The word “catharsis” has been overused in the past month because of its tempting overlap with the World Cup host country’s name but the shoe fits – there was an element of catharsis for a country still emerging from the coronavirus pandemic and enduring over a decade without any sustained growth since that 2010 bicentenary.

EDITORIAL

Qatar – catharsis or the opposite?

18-11-2022 00:13 Argentina’s main risks currently lie in peso rather than dollar debt since obtaining rollovers from the IMF seems to be pushing at an open door. In contrast, peso bonds and the resulting quasi-fiscal deficit cannot be underestimated as prime causes of swelling the peso demand for the dollar.

BLOOMBERG – ANALYSIS

From Coldplay shows to the World Cup, Argentina mixes exchange rates

12-10-2022 08:23 Government officials on Wednesday will roll out new taxes applied to the official exchange rate for foreign travel ahead of the World Cup in Qatar next month and for locals attending concerts by artists such as British rock band Coldplay.

ECONOMY MINISTER ABROAD

In Washington, Massa secures loan boost from World Bank, IDB

09-09-2022 09:42 Argentine delegation meets with officials from the Joe Biden administration and secures vital funding from Inter-American Development Bank, World Bank in lead-up to talks with IMF.

Bloomberg

Argentina Economy Minister says she has strong political support

27-07-2022 15:55 New Economy Minister for Argentina Silvina Batakis tells Washington reporters she will stabilise economy, claiming strong political support from the government.

Bloomberg

Key Argentina creditor hints at withholding new funding

26-07-2022 13:42 Argentina faces further potential isolation after one of its last-standing creditors suggested it won’t give new funding until the government organises itself better.

Bloomberg

IMF sees Argentina committed to programme, with downside risks

26-07-2022 13:27 Officials re-iterate Argentina’s commitment to IMF $44 billion programme, despite economy in deepening crisis and risks on the downside.

NEW ROUND OF FUNDING

World Bank approves US$2 billion of funds for Argentina in 2022

23-02-2022 12:45 World Bank commits more than US$2 billion in fresh funding to Argentina following meeting with officials.

NEW STUDY

World Bank: 40% of households in Argentina lost income during pandemic

30-11-2021 21:56 According to the World Bank, "food insecurity" almost doubled in Latin America and the Caribbean during the pandemic, with almost 40% of homes in Argentina hit by a drop in earnings.

BLOOMBERG

Georgieva kept on as IMF chief after data scandal review

12-10-2021 11:48 Kristalina Georgieva will remain as head of the International Monetary Fund after the lender’s board reviewed accusations that she improperly influenced a World Bank ranking of China’s business climate.

Price increases

World Bank rules out risk of hyperinflation in Argentina

06-10-2021 21:22 World Bank official plays down risk of hyperinflation in Argentina and says new agreement with International Monetary Fund regarding multi-billion-dollar debt will further reduce possibility.