Jamaica
Jamaica’s central bank raised its interest rate by 50bps to 5.5%. The country’s inflation rate accelerated to 10.9% YoY in May from 9.7% in April.
June 30, 2022
Jamaica’s central bank raised its interest rate by 50bps to 5.5%. The country’s inflation rate accelerated to 10.9% YoY in May from 9.7% in April.
Mexico’s peso depreciated more than 1% to 20.1 per USD, its worst performance in two weeks, following weak economic data and renewed concerns about the
Saudi Arabia provided a $100mln concessional loan to support Mauritania’s safe water project for the city of Kiffa. The project will also allow the creation
The World Bank approved a $130mln loan package to help Tunisia cover the cost of wheat and barley imports. The loan is part of a
The World Bank approved a $500mln loan package to support Egypt’s food security plans for poor and vulnerable households. The $500mln loan package will fund
Armenia’s central bank improved its forecast for the country’s unemployment rate to 14.8% in 2022, compared to the previous estimate of 16.7%. GDP growth is
Georgia’s government announced a ban on the export of wheat and barley for the coming year. The country’s minister of agriculture said “it is important
Belarus announced that it will pay its Eurobond obligations in Belarusian ruble. According to the country’s finance minister, the decision comes as Belarus has had
On Tuesday, Russia’s president Putin signed a bill into law legalizing ‘parallel imports’ in the country. The law protects Russian companies that import certain categories
Moody’s rating agency confirmed that Russia has defaulted on its foreign debt.
Russia is considering spending its extra revenues from oil and gas sales to buy the currencies of ‘friendly’ countries in order to stem a rally
The Indonesian rupiah’s depreciation may expose indirect risks to the country’s banking system. The structural risk has gone up since many Indonesian companies do not
The S&P affirmed China’s rating at ‘A+’ with a stable outlook. The stable outlook reflects the expectations that economic disruptions will likely be temporary, and
NATO leaders planned to overhaul and boost the alliance’s defenses in the face of Russia’s aggression in Europe. NATO will establish a new force model