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The World Bank on Wednesday downgraded its 2024 economic growth forecast for Latin America and the Caribbean to 1.6% from its previous estimate of 2.3%, saying the region continues to lag growth rates registered in other parts of the world. The region's economic growth could get a needed boost by an increase in competition, but corporate diversification faces constraints including in education and infrastructure, the bank said in a report. The current rate of growth in Latin America and the Caribbean is not enough to drive prosperity, the bank added.

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The Ministry of Agriculture, Food Security and Enterprise conducted a field visit in Valley of Peace in the

In a significant move towards promoting sustainable energy solutions, the World Bank Board of Directors has approved a loan of $150 million to support green hydrogen projects in Chile. This loan marks the World Bank's first endeavor in promoting green hydrogen and aligns with Chile's commitment to achieving carbon neutrality by 2050. The investment aims to accelerate the country's green growth, energy transition, and foster a resilient and inclusive economic development.