On Thursday, the Central Bank of Mexico, Banxico declared that it would maintain the current key interest rate. This decision reflects progress in slowing down inflation locally. The central authority’s monetary policy statement revealed that the Governing Board has decided to keep the overnight interbank interest rate at 11.25 percent. However, this rate is expected […]
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World Bank Commits $7 Billion Annually to Brazil
The World Bank Group (WBG) pledges to invest $7 billion annually in Brazil’s development until the year 2028. This funding includes $2 billion from the International Bank for Reconstruction and Development (IBRD) and $5 billion from the International Finance Corporation (IFC). The Multilateral Investment Guarantee Agency (MIGA) also supports this initiative. Developed in partnership with […]
