Displaying items by tag: World Bank
IMF forecasts national economic growth of 3%.
The International Monetary Fund (IMF) has adjusted its growth estimates for El Salvador and now expects the country's economy to grow 3% by the end of 2024, reflecting the current dynamism of the salvadoran economy and approaching the 3.5% to 4.0% range projected by the Banco Central de Reserva.
MINEC and World Bank to invest US$150 million in training for vulnerable population
In a radio interview, the minister of Economy, María Luisa Hayem, informed that together with the World Bank, they will implement an employability project to improve access to employment opportunities and skills development for the vulnerable population, through an integrated approach for the incorporation of people into jobs or businesses.
World Bank warns of third consecutive year of economic slowdown in developing economies
Against a backdrop of weak trade and investment, high interest rates, high debt levels and rising debt service payments, growth in developing economies is projected to be low for the third consecutive year in 2024.
12% of the world's population has odd jobs
The World Bank says the online sporadic work economy, in which digital platforms match workers with tasks posted by clients, already accounts for up to 12% of the global labor market.
Private companies generate 90% of jobs, according to the World Bank
The World Bank's Annual Conference on Development Economics (ABCDE), a high-level event of the institution, was recently held.
Remittance flows in 2024 to fall to 2.4%, according to the World Bank
The World Bank forecasts that remittance flows to low- and middle-income countries will slow to 2.4% in 2024, mainly reflecting slowing economic growth in several high-income countries.
World Bank projects US$500 million investment in renewable energy
The World Bank is betting on renewable energies, for this reason it plans to invest almost US$500 million by 2025 in renewable energy projects.
World Bank urges to close digital divides
The World Bank points out in its latest report that working on existing digital divides in Latin America and the Caribbean would support minorities to progress.
World Bank announces historic collaboration among multilateral development banks
The World Bank is strengthening collaboration with nine multilateral development banks (BMD) to accelerate the implementation of solutions to improve the lives of people in developing countries.
World Bank indicates that El Salvador's growth outlook rose to 2.8%.
The World Bank in its latest report: Economic Outlook Latin America and the Caribbean october 2023 estimates that El Salvador's Gross Domestic Product (GDP) growth outlook rose to 2.8% in 2023.