Brazil
Petrobras’s, Brazil’s state-controlled oil company, chief executive officer Jose Coelho resigned following a fuel price increase that has angered Brazil’s president Bolsonaro and prompted calls
June 21, 2022
Petrobras’s, Brazil’s state-controlled oil company, chief executive officer Jose Coelho resigned following a fuel price increase that has angered Brazil’s president Bolsonaro and prompted calls
Gustavo Petro was elected the first ever left-wing president of Colombia on Sunday, after beating millionaire businessman Rodolfo Hernandez in an unpredictable runoff election. Gustavo
According to the IMF, Côte d’Ivoire’s GDP growth is forecasted to slow down to 6% this year from 7% the prior year. The slower growth
Fitch revised Uganda’s outlook to stable from negative and affirmed its rating at ‘B+’. Fitch forecasts Uganda’s deficit to narrow to 7.5% of GDP in
The World Bank approved a $500mln loan to Morocco, aimed at improving protection against health risks and human capital loss. This is the first in
In local data prints, Georgia’s GDP rose by 14.9% YoY in Q1 of this year. Meanwhile, the foreign trade deficit of Uzbekistan increased by 10% YoY for the first
The Azerbaijan Min Fin proposed that the 2022 state budget should be based on an oil price of $70/bbl, up from a previous estimate of $50/bbl. The
The Russian ruble rose to the highest level since July 2015, extending a rally that is worrying Russia’s central bank as it may undermine the
Ukraine’s state-owned gas transmission operator GTSOU said that it has an extra supply capacity of 109mln cubic meters of gas per day for the EU.
The EU aims to finalize a €9bln Ukraine loan package this week for Ukraine. The new macro-financial assistance program for Kyiv would consist of 25-year
The US agreed to help Pakistan negotiate a deal with the IMF to revive the country’s economic bailout program. Pakistan and the IMF have not
The Philippine peso fell after the central bank’s incoming governor Felipe Medalla said that he aims to raise interest rates at a gradual pace beyond August, downplaying
China’s central bank kept its benchmark lending rates steady as the country held off from aggressively increasing its interest rates, further diverging from the Fed’s