News of world bank

Argentina asks for help as Saudi hosts G20 virtual talks on virus recovery, debt crisis

18-07-2020 07:00 Foreign Minister Felipe Solá says he will urge the G20 to set up a global "solidarity-based fund" to address the increase in poverty in virus-battered countries.

TRAVEL & TOURISM

Pandemic to deliver 'unprecedented' blow to tourism in Latin America, Caribbean

02-07-2020 03:21 Coronavirus pandemic to deliver "unprecedented blow" to tourism in Latin America and the Caribbean, the Inter-American Development Bank warns.

Videoconference

Latin American leaders ask IMF, IDB, World Bank officials for support

25-06-2020 01:34 Presidents of nine Latin American nations ask International Monetary Fund, World Bank and the Inter-American Development Bank for support during virus crisis, including restructuring of debt.

Coronavirus pandemic

IMF predicts Argentina's economy will contract by 5.7% this year

14-04-2020 19:03 Fund's officials forecast that Latin America and the Caribbean as a region will contract 5.2% in 2020 as activity grinds to a halt.

ECONOMIC INDICATORS

World Bank: Argentina's economy to shrink by 5.2% this year

13-04-2020 08:41 World Bank predicts Latin America shrinking by 4.6% this year, with growth only returning in 2021.

MIGUEL ÁNGEL PESCE INTERVIEW

Miguel Pesce: ‘In this emergency, the mechanism is printing money’

11-04-2020 10:07 Central Bank chief Miguel Ángel Pesce on the economy, printing money, the coronavirus pandemic and the problems that lie ahead.

by Jorge Fontevecchia

Coronavirus Pandemic

World Bank lends US$300 million to Argentina to tackle virus

25-03-2020 16:41 Disbursement intended to strengthen social security system and minimise the impact of the coronavirus pandemic.

DISCOVERY

Wiesenthal Center reveals names of 12,000 alleged Nazis that lived in Argentina

04-03-2020 11:47 Argentine researcher Pedro Filipuzzi discovers list detailing 12,000 names of alleged Nazis who ended up in Argentina via bank accounts connected to the Credit Suisse Bank.

DEBT DEFAULT?

IMF waits for 'sustainable' plan as Fernández faces debt dilemma

19-11-2019 16:18 Director General Kristalina Georgieva continues to articulate optimism about working together with Argentina's incoming government, but she admits she'd "like to know more" about its plans.

ECONOMIC INDICATORS

Economic activity dropped 3.8% in August year-on-year

24-10-2019 21:00 The World Bank and the International Monetary Fund (IMF) recently predicted that Argentina's gross domestic product would decline by 3.1% in 2019.

ECONOMIC DOWNTURN

World Bank: Slowdown in Latin America 'more self-inflicted than imported'

10-10-2019 15:19 World Bank predicts Argentina's economic contraction will deepen this year to 3.1%.

PAYMENTS

Difficult to find 'quick path forward' for Argentina, says IMF

26-09-2019 15:21 IMF officials refused to say Thursday when it will disburse last US$5.4 billion of loan to Argentina that was originally planned for mid-September, as reports suggest World Bank and Inter-American Development Bank may also delay payments.

NEW LEADERSHIP

Bulgarian economist Kristalina Georgieva chosen to be IMF's new leader

25-09-2019 17:59 Georgieva, a top official at the World Bank, was chosen by the IMF’s executive board on Wednesday to become the body's new managing director. She succeeds Christine Lagarde.

BLOOMBERG

Bailed-out nations to finally get one of their own at top of IMF

12-09-2019 14:44 Bulgarian Kristalina Georgieva, a champion of anti-poverty measures, will take over the IMF this fall upon the departure of Christine Lagarde.

FROM A GLOBAL PERSPECTIVE

Steady as it goes: The World Bank and Argentina

07-09-2019 01:44 The World Bank lent some US$8 billion in over 50 credits to both the tail end of the 1976-1983 military dictatorship and the elected Raúl Alfonsín Radical government.

by Michael Soltys

NEW LOAN

World Bank approves US$500-million in financing for Argentina

11-07-2019 18:50 Funds will provide budgetary support for social programmes dedicated to helping those in poverty. Latest installment is the second part of a total US$1 billion loan first agreed in November 2018.