News of world 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.