China surpassed in 2014 both the IDB and the World Bank as a creditor

China provided last year $ 22,100 million to Latin America, a bigger amount than the 20,000 million of combined funding from the World Bank (WB) and the Inter-American Development Bank (IDB) and the mostly concentrated part in Brazil, Argentina, Venezuela and Ecuador. In 2014,...

WB and IMF met to discuss on Ebola

This thursday a high-level meeting in Washington about the Ebola epidemic took place. The heads of the UN, the World Bank and the International Monetary Fund (IMF), the presidents of Guinea, Liberia and Sierra Leone attended the meeting. “In 30 years of working in public...

Ebola would represent a cost of $ 32,000 million for Africa, according to the World Bank

The economic cost of the Ebola virus until the end of 2015 could exceed the 32,000 million dollars for West Africa, if the disease continues spreading beyond the three affected countries, the World Bank said. “If the epidemic starts affecting a significant number of people...

World Bank: Growth in Ecuador has been inclusive

According to a World Bank (WB) report, growth  has been inclusive in Ecuador, with a direct effect on reducing the levels of poverty and inequality and the rise of the middle class. The WB noted that between 2006 and 2013, the poverty measured by incomes (using the national...

BM voluntarily duplicated credit to Ecuador according Correa

  President Rafael Correa addressed several topics during his Weekly Address from New York as part of the closure of its U.S. tour. Regarding the issue of the $ 1,000 million credit that the World Bank (WB) gave to the State without conditions in recent days, Correa said he...

World Bank extend loan to Ecuador for $ 1,000 million

The World Bank extended a line of credit to Ecuador for $ 1,000 million. Nathalie Cely, U.S. Ambassador for Ecuador, yesterday confirmed this through her Twitter account. Fausto Herrera, Minister of Economy, had anticipated to a local media about the credit that will be added to...

World Bank willing to provide financial support to Ecuador

President Rafael Correa pointed out that the World Bank is ready to provide credits to Ecuador thanks to the development of the country. “(The Bank) it’s behind us to give us financing because they admire the growth process and economic policy of the country. Welcome...

The global economy will improve according to the World Bank

The forecasts of improvement in developing countries and the economically powerful, are gaining confidence according to the World Bank. The agency expects the global growth to increase 3.2% this 2014, eight tenths higher that 2013, and reach a stability of 3.4% in 2015 and 2016....
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