Displaying items by tag: World Bank

Remittances to El Salvador, mainly from the United States, have the greatest amount of remittances in the national economy compared to all of Latin America, revealed the study "Reviews on Migration and Development" presented by the World Bank.

The economies of Latin America and the Caribbean (LAC) are on the road to recovery following the COVID-19 crisis, although the aftermath of the pandemic persists and the need for dynamic, inclusive and sustainable growth is increasingly urgent, according to a new World Bank report, Consolidating Recovery: Seizing Opportunities for Green Growth.

The “Proyecto Desarrollo Económico Local Resiliente” promoted by the Dirección de Obras Municipales (DOM), seeks to boost the country's economy through municipal management and the creation of works that generate the development of municipalities in El Salvador.

The World Bank (WB), in a recent economic and global outlook report indicates that regional economic growth was 6.7% and expects this figure to decrease by 2.6% in 2022 and 2.7% in 2023.

According to the World Bank (WB), Central America comprises a diverse set of countries, including two upper middle-income countries (Costa Rica and Panama), two of the poorest countries in Latin America and the Caribbean (Honduras and Nicaragua) and two middle-income economies (Guatemala and Panama, El Salvador).

In response to COVID-19, which has severely impacted the lives and livelihoods of millions of people in Latin America and the Caribbean, the World Bank Group (WB) allocated a record US$29.1 billion to the region since the beginning of the crisis (April 1, 2020) and throughout fiscal year 2021, which ended june 30, 2021.

The World Bank (WB) in its report "World Economic Outlook June 2021", points out that many emerging markets and developing economies continue to struggle with the Covid-19 pandemic and its consequences.

Output will continue to remain below pre-COVID 19 levels despite a strong rebound in the United States and China.