PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 15.May.2026, Words: 284) — This, as part of a new phase of dialogue geared towards attracting international investment. The high-level delegation from the World Bank was headed by the World Bank vice president for Latin America and the Caribbean Susana Cordeiro Guerra […]
Tag: World Bank
EAI brief: IMF reveals new GDP estimates for 2025 and 2026
WASHINGTON, DC (By Editors at Energy Analytics Institute, 18.Oct.2025, Words: 74) — The International Monetary Fund (IMF) revealed world economic outlook growth projections for 2025 and 2026 for emerging markets and developing economies. India’s economy or gross domestic product (GDP) is expected to grow 6.6% in 2025 and 6.2% in […]
![EAI brief: LatAm countries and economic growth in 2025/2026 [table]](https://energy-analytics-institute.org/wp-content/uploads/2025/01/electric-neuquen-argentina-fuente-informa-neuquen.webp)
EAI brief: LatAm countries and economic growth in 2025/2026 [table]
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 28.Jul.2025, Words: 169) — Argentina, Brazil and Mexico, 3 of the largest economic powers in the Latin America and Caribbean (LAC) region, are set to exhibit varying degrees of growth in 2025 and 2026. RELATED: Pemex financial debt, amounts owed providers
IMF and “tenuous resilience amid persistent uncertainty” [pdf download]
WASHINGTON, DC (By IMF, 28.Jul.2025, Words: 292) — Global growth is projected at 3% for 2025 and 3.1% in 2026, the International Monetary Fund (IMF) said in its Jul. 2025 World Economic Outlook update. The forecast for 2025 is 0.2% point higher than that in the reference forecast of the […]
World Bank Releases Report on Offshore Wind in Brazil
(World Bank, 17.Jul.2024) — The World Bank Group released a study on “Scenarios for Offshore Wind Development in Brazil”  conducted by DNV, the global independent energy expert and assurance provider. This report is one of a series of offshore wind roadmap studies commissioned by the World Bank Group (WBG) under its Offshore […]
Ministerial Roundtable Sets Stage for Future Minerals Forum 2024
(Minister of Industry and Mineral Resources of the Kingdom of Saudi Arabia, 8.Jan.2024) — The Ministerial Roundtable, a pivotal precursor to the third edition of the Future Minerals Forum, is poised to take the spotlight on 9 Jan. 2024. Led by its Chair, H.E. Bandar Ibrahim AlKhorayef, Minister of Industry and Mineral […]
Consortium to Develop a 1,500 MW Hydropower Project in Mozambique
(TotalEnergies, 13.Dec.2023) — The consortium of EDF (40%), TotalEnergies (30%) and Sumitomo Corporation (30%) announces that it has been selected as strategic partner by the government of Mozambique and entered into a joint development agreement for the development of the Mphanda Nkuwa hydropower project (MNK). Located on the Zambezi River, […]
The World Bank: LAC Returns to Pre-Pandemic “Unsatisfactory Growth Rates”
(Energy Analytics Institute, 11.Apr.2022) — This week The World Bank published its 62-page semiannual report for Latin America and the Caribbean (April 2022) dubbed “Consolidating the Recovery: Seizing Green Growth Opportunities.” Guyana’s nascent petroleum sector is expected to help the country’s gross domestic product (GDP) expand by 47.9% in 2022, […]
If Biden Wants to Lower Gas Prices, he Should Talk to Guyana | Opinion
(Miami Herald, 23.Mar.2022) — President Biden recently sent a team of senior U.S. officials to Caracas for talks with Venezuelan dictator Nicolás Maduro about a possible oil deal to help bring down gas prices in America. But Biden should instead be sending his envoys to a Venezuelan neighbor that could […]
World Bank: Global Growth to Slow Through 2023
(World Bank, 11.Jan.2022) — Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic […]
IMF Approves Extended Arrangement for Suriname
(IMF, 22.Dec.2021) — The Executive Board of the International Monetary Fund (IMF) approved a 36-month arrangement under the Extended Fund Facility (EFF) for Suriname in an amount equivalent to SDR472.8mn (about $688mn or 366.8% of quota). The Board’s decision enables an immediate disbursement equivalent to SDR39.4mn (about $55.1mn). The IMF […]
Colombia Not Liable To Pay $736 Mln To Miner Eco Oro – Gov’t
(Reuters, 10.Sep.2021) — Colombia’s government said on Friday a World Bank tribunal has ruled it is currently not liable to pay $736 million in damages to Eco Oro Minerals Corp after the Canadian mining company alleged that the Andean nation’s prohibition on mining in high-altitude wetlands constituted an indirect expropriation. […]
Venezuela Economy To Shrink 25% In 2020: IMF
(Energy Analytics Institute, 13.Oct.2020) — Venezuela, home to the world’s largest oil reserves and sizable natural gas and mineral deposits, is expected to be the worst performing economy in the Latin America and Caribbean (LAC) region with its gross domestic product (GDP) projected to contract 25% in 2020, according to […]
Metor Pauses Venezuela Methanol Output
(Argus, 31.Jul.2020) — Mitsubishi-operated Metanol de Oriente (Metor) in eastern Venezuela has suspended methanol production as a health precaution. The 750,000 t/yr Metor 1 plant will close from today through 15 August, and the 850,000 t/yr Metor 2 plant will close on 4-18 August. Only strictly necessary workers will be […]
Global Gas Flaring At Levels Not Seen Since 2009
(World Bank, 21.Jul.2020) — Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to the total annual gas consumption of Sub-Saharan Africa. The 3% rise, from 145 billion cubic meters (bcm) in 2018 to […]
As Guyana Elections Remain Up In The Air
(News America, 8.Mar.2020) — As tension continues in Guyana one week after its general elections and a top court upheld an injunction blocking the elections commission from proclaiming a winner amid fraud accusations, a non-profit environment and rights campaign group, is accusing the World Bank of engaging in conflict of […]
IFC And FRV Secure Financing For Potrero Solar
(IFC, 18.Sep.2019) — The International Finance Corporation (IFC), member of the World Bank Group, and Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a leading global developer of renewable utility-scale projects, has announced the financial close for Potrero Solar (296 MW dc), the company’s second solar farm […]
World Bank Partners With Guyana For New Oil Sector
(Guyana Department of Public Information, 12.Nov.2018) — Prime Minister Hon. Moses V. Nagamootoo held discussions with a high-level, five-member team from the World Bank, which is visiting Guyana at the invitation of Finance Minister Winston Jordan. The hour-long meeting, at which Finance Minister Winston Jordan was present, took place on […]
Bolivia’s Oil Revenue To Reach $2.2 Billion
(Xinhua, 14.Oct.2018) — Bolivia’s oil revenue this year is estimated to reach 2.2 billion U.S. dollars as it “will be able to fulfill” contracts with its southern American partners, Minister of Hydrocarbons and Energy Luis Alberto Sanchez said Saturday. “The income to the country is guaranteed,” Sanchez said. “We should […]
Cure for Venezuela’s Mercantilism, Rentism Disease
(EnergyNomics, Carlos A Rossi, 18.Aug.2018) – Are natural resource endowed countries victims of their own wealth? Is there a richness threshold beyond which the institutions designed to protect a country’s citizens turn against them and become their worst enemy by annihilating their productive apparatus riddling it with the miseries of […]
Venezuela’s Citgo Refineries At Risk Of Seizure
(Forbes, Robert Rapie, 12.Aug.2018) – In 2007, following Venezuela’s expropriation of billions of dollars of assets from U.S. companies like ExxonMobil and ConocoPhillips, I suggested a potential remedy. Since Venezuela’s state-owned oil company, PDVSA (PetrĂłleos de Venezuela, S.A.) owns the Citgo refineries in the U.S., I felt the companies that […]
World Bank Says Oil To Average $65 in 2019
(Energy Analytics Institute, Jared Yamin, 12.Aug2018) – The World Bank expects the price of oil to average $65 per barrel in 2019. “Oil prices are expected to average $65 per barrel in 2019. While projections indicate that prices will fall from their April 2018 level, they should be supported by […]
World Bank Sees $65/bbl Oil for 2019
(Energy Analytics Institute, Ian Silverman, 3.July.2018) – The price of crude oil is forecast to approach around $65/barrel in 2019 by the organization. However, the oil price levels next year are expected to be lower that levels in 2018, reported the daily newspaper El Diario, citing World Bank Economist Shantayanan […]
Solar Power Lights Up Rural Bolivia
(World Bank, 11.May.2018) – How do you turn on a light at night when you’ve left the power grid far, far behind? In Bolivia, the solution is solar power. This is one of several case studies in the upcoming State of Energy Access Report, supported by the World Bank’s Energy […]
Vaca Muerta Megaproject – A Fracking Carbon Bomb In Patagonia
(Observatorio Petrolero Sur, 5.Feb.2018) — Vaca Muerta is a leading case for the next generation of fossil fuels. Big Oil and Gas companies are keen to turn it into a success story —which is why we collectively need to put a stop to this if we are serious about restricting […]