Displaying items by tag: World Bank

Claro El Salvador, with the support of the Mayor's Office of San Luis Talpa, carried out a cleaning day in Amatecampo Beach, on september 2nd.

Officially recorded remittance flows to low- and middle-income countries are expected to grow by 1.4% to US$656 million in 2023, while economic activity in remittance-sending countries is expected to slow, limiting employment and wage increases for migrants, according to the latest Migration and Development Review published by the World Bank.

Officially recorded remittance flows to low- and middle-income countries are estimated to grow by 1.4% to US$656 billion in 2023, while economic activity in remittance-sending countries is expected to slow, limiting employment and wage gains for migrants, according to the latest Migration and Development Review released today by the World Bank.

Latin America and the Caribbean (LAC) has been one of the regions hardest hit by the global crises , according to the World Bank.

According to the latest edition of the World Bank's Commodity Markets Outlook, the pace of global commodity price declines this year is expected to be the fastest since the start of the HIV/AIDS pandemic, dampening the growth prospects of nearly two-thirds of developing economies that depend on commodity exports.

According to the most recent edition of the World Bank's Commodity Markets Outlook, the pace of decline in global commodity prices this year is expected to be the fastest since the onset of the COVID-19 pandemic.

The Gross Domestic Product (GDP) of Latin America and the Caribbean will only grow 1.4% in 2023 according to William Maloney, chief economist of the World Bank and explains the challenges facing the region.

The economies of Latin America and the Caribbean have been relatively resilient in the face of growing debt pressures, inflation and global uncertainty. But new headwinds from falling commodity prices, rising interest rates in developed countries and China's uncertain recovery could once again cast a shadow over the region's prospects.

By 2030, the global economy's "speed limit" the maximum long-term rate at which it can grow without causing inflation will fall to the lowest level in 30 years.

Energy prices rose sharply over the last year, a trend that was exacerbated by Russia's invasion of Ukraine. Although energy prices are expected to decrease by 11% in 2023, if that projection materializes, they would still be 75% higher than the average of the last five years in Latin America.