News of world bank

Latin America’s fiscal policies risk inflation, World Bank says

09-10-2024 18:25 Fiscal imbalances could threaten Latin America’s success in taming inflation, warns top World Bank economist.

ECONOMIC OUTLOOK

World Bank highlights falling inflation but warns of economic decline

09-10-2024 17:23 Latest report forecasts 3.5% contraction for Argentina's economy, but says GDP will soar by 5% in 2025.

FOREIGN POLICY & DIPLOMACY

Milei signs Biden’s statement calling for Hamas-Israel ceasefire deal

06-06-2024 12:20 President Javier Milei’s government co-signs US-led statement urging Hamas to accept a ceasefire deal and Israel to accept compromises in a bid to stop the ongoing conflict in the Gaza Strip.

ECONOMIC OUTLOOK

‘No alternative’ to austerity in Argentina, says top World Bank official

10-04-2024 17:59 Economist William Maloney comes out in support of Milei’s government’s reform plans; World Bank says Argentina's economy will decline 2.8% in 2024.

WAR IN MIDDLE EAST

UN Security Council demands 'immediate' ceasefire in Gaza

25-03-2024 11:54 UN Security Council demands 'immediate' Gaza ceasefire for first time; Only United States abstains, 14 other members vote in favour.

ECONOMIC OUTLOOK

World Bank forecasts 2.7% growth for Argentina in 2024

09-01-2024 16:46 Argentina’s economy likely contracted 2.5% last year, but will record growth of 2.7% in the coming 12 months, forecasts World Bank, which warns of “economic uncertainty” and continuing inflation.

WAR IN MIDDLE EAST

Argentina condemns Israeli attack on refugee camp in Gaza Strip

02-11-2023 12:14 Foreign Ministry says “nothing justifies the violation of international humanitarian law, and the obligation to protect the civilian population” in wake of attack on Jabalia refugee camp; Massa distances himself from government statement.

VIOLENCE IN MIDDLE EAST

Jewish groups, supporters stage march in support of Israel

09-10-2023 21:00 According to Argentina's Foreign Ministry, at least seven Argentine citizens have been killed in Israel, with another 15 people reported missing.

MIDDLE EAST

Israel imposes total siege on Gaza after Hamas attack

09-10-2023 11:41 Israeli Prime Minister Benjamin Netanyahu vowed Monday to "change the Middle East" in Israel's war with Palestinian militant group Hamas, as the army pounded the Gaza Strip with air strikes.

FOREIGN POLICY & DIPLOMACY

Leaders in Argentina condemn attack on Israel, call for 'end of violence'

07-10-2023 12:51 Foreign Ministry in Buenos Aires deplores "armed attacks from the Gaza Strip against southern Israel" and calls for peace; Presidential candidates condemn violence and killing.

MIDDLE EAST

Israel and Gaza at war after Hamas launches surprise attack

07-10-2023 12:45 Countries around the world have condemned a wave of Palestinian attacks on Israel by land, sea and air that have left at least 70 dead and hundreds wounded on Saturday.

ECONOMIC OUTLOOK

World Bank sceptical over Milei’s dollarisation plans

05-10-2023 00:45 Argentina’s economy is set to contract 2.5% in 2023, according to the World Bank.

ECONOMIC OUTLOOK

World Bank sees Latin America lagging rest of the world — again

04-10-2023 18:43 Latin America is once again on track to grow more slowly than the rest of the world, with the regional economy set to underperform those of South Asia and even war-battered Eastern Europe this year, according to a new World Bank report.

NEW FUNDING

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.