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 […]
Related Posts
Chile Faces Growing Unemployment Challenge
Chile experienced an increase in unemployment, reaching 8.9% in the August-October 2023 quarter. This was a significant rise of 0.9 percentage points from the previous year, as reported by the National Institute of Statistics (INE). The National Employment Survey indicated this was the twelfth consecutive year-on-year increase in unemployment rates. The INE’s findings highlighted that […]
Foreign Giants Pour Billions into India and Germany’s Data Centers
India leads in attracting foreign investment for data center growth, closely followed by Germany, with both nations thriving from the cloud and AI surge. Key investors include Amazon, Microsoft, and Japan’s NTT. For instance, NTT invested $1.5 billion in India and €850 ($925) million in Germany. This surge isn’t just tech-driven; it’s also market-based. India […]