Brazil
In local data prints, Brazil’s annual inflation rate rose to 11.89% in June from 11.73% in May. This marked the tenth consecutive month of double-digit
July 11, 2022
In local data prints, Brazil’s annual inflation rate rose to 11.89% in June from 11.73% in May. This marked the tenth consecutive month of double-digit
Meanwhile, Argentina’s parallel exchange rate declined 17% last week, prompting local shop owners to post signs announcing a 20% mark-up on all listed prices. The
The Paris Club asked for assurances from Argentina’s new economy minister Silvina Batakis that her country will comply with the requirements of the IMF’s $44bln
Fitch affirmed South Africa’s rating at ‘BB-‘ with a stable outlook. The rating reflects the country’s favorable debt structure that is mostly denominated in local
The World Bank approved $180mln in IDA funding to improve access to social and economic services for refugees in Ethiopia. The country has long been
The IFC disbursed $200mln to support the delivery of staple food in twelve developing countries, including Senegal, Cameroon, Ghana, Nigeria, Chad and Egypt.
On Thursday, Albania’s central bank raised its benchmark interest rate by 25bps to 1.25%, following a 50bps interest rate hike in March, to curb inflation.
Fitch downgraded Belarus’ rating to ‘C’ from ‘CCC’, following the announcement by the finance ministry on 29 June to service USD debt in Belarusian ruble.
The US will provide Ukraine with a $400mln military aid package and an additional $368mln to support the country’s food, safe drinking water, and health
Ukraine president Zelensky dismissed his ambassadors to five countries, including Germany. According to president Zelensky, “rotation is a normal part of diplomatic practice”. Since the
Russia’s annual inflation rate declined by 1.2 percentage points to 15.9%, driven by both food and non-food components. The deceleration in inflation was largely caused
In Sri Lanka, protestors breached security barricades and entered president Gotabaya Rajapaksa’s and PM Ranil Wickremesinghe’s official residences, braving tear gas and water cannons forcing
On Friday, China’s overnight repo rate held near a six-month low even as the country’s central bank keeps draining cash from the banking system, highlighting