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World Bank

Costa Rican President-elect Rodrigo Chaves apologizes to World Bank Officials

President-elect Rodrigo Chaves apologized to the two female World Bank employees who accused him for sexual harassment in that institution, and pledged to form...

Costa Rican presidential candidate named in World Bank sexual harassment case

The World Bank mishandled sexual harassment complaints brought by multiple women against a senior official, according to the bank's labor tribunal. The case involved reports dating...

Climate change could cause 216 million to migrate, World Bank warns

Reduced agricultural production, water scarcity, rising sea levels and other adverse effects of climate change could cause up to 216 million people to migrate within their own countries by 2050.

World Bank forecasts growth of 3.7% of Latin American GDP in 2021

The World Bank said Tuesday that it expects an economic expansion of 3.7% in Latin America and the Caribbean.

World Bank grants Costa Rica $60 million for communities that protect forests

The World Bank and Costa Rica signed an agreement for $60 million to reward local communities that reduce carbon emissions caused by deforestation, the two parties reported on Friday.

UN warns of impending debt crisis in Latin America

Latin America could suffer in 2021 a crisis of sovereign debt due to the expenses necessary to face the Covid-19 pandemic.

U.S. Congress looks to condition loans to Nicaragua on political changes

The U.S. House of Representatives passed a bill Wednesday designed to restrict international loans to Nicaragua unless the country enacts political reforms.

World Bank: Zika will cost Latin America $3.5 billion in 2016

Most of the projected losses to the region take the form of foregone income from tourists — especially pregnant women — who might cancel their trips out of concern that contracting the virus could lead to birth defects.

Latin America to stagnate on Venezuela, Brazil, World Bank says

South American nations are more dependent on global commodity markets than the Caribbean, Central America or Mexico, whose fortunes are more closely linked to the strengthening U.S. economy.

With COP21 underway, development banks urged to boost ‘green finance’ in Latin America

WASHINGTON, D.C. – Mitigating the expected ravages of climate change – let alone investing in sustainable infrastructure projects – won’t come cheap, say finance experts who calculate the cost at a staggering $110 billion a year for Latin America alone.

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