Peru
Following Peru’s government’s decision to exclude fuel from the selective consumption tax on June 30, the nation’s truckers are holding a nationwide strike to protest
July 19, 2022
Following Peru’s government’s decision to exclude fuel from the selective consumption tax on June 30, the nation’s truckers are holding a nationwide strike to protest
Colombia’s monthly trade balance likely saw a deficit of $1.09bln in May compared with a $485mln shortfall in April. According to preliminary figures, export revenues
Argentina, which controls its official peso through a crawling peg, allowed the currency to depreciate at the fastest pace of president Alberto Fernandez’s administration. The
The IMF remains concerned over Mauritius’ public sector debt, which rose to 92.4% of GDP for FY2021 and 88.1% for FY2022. According to the IMF’s
Kenya decided to continue exempting Egyptian exports from custom duties for another year. Egypt is ranked first among the top 28 exporters to Kenya in
The military junta in Guinea appointed Bernard Gomo, the commerce and industry minister, as acting PM while PM Mohamed Beavogui takes a leave of absence.
Fitch raised Angola’s outlook to positive from stable and affirmed the country’s rating at ‘B-‘. The change in outlook reflects large fiscal surpluses due to
Algeria will sign a $4bln agreement with TotalEnergies SE, Eni SpA, and Occidental Petroleum Corporation to send more gas to Italy. Italian PM Mario Draghi
North Macedonia’s central bank increased its interest rate by 50bps to 2.5%, its fourth hike this year, to curb inflation. In May, the central bank
Mongolia’s annual inflation rate accelerated to 16.1% in June from 15.6% in May, the fastest pace since 2009 and a sizeable surge compared to a
The EU signed a deal to double its natural gas imports from Azerbaijan as it seeks to replace Russian fossil fuels. To increase shipments, the
Russian gas giant Gazprom PJSC, which had already been curbing supplies to Europe and closed its main pipeline for maintenance, declared force majeure on at
Pakistan’s former PM Imran Khan, who was ousted on 10 April, called for early national elections after his party swept the by-elections in the country’s
Malaysia will hold immediate discussions with Indonesian officials following Indonesia’s decision to temporarily stop sending more workers into the country. Malaysia, which heavily relies on
Indonesia’s central bank is strengthening its monetary operations by selling government bonds in secondary markets to absorb excess liquidity. On Monday, the central bank sold
India’s foreign exchange reserves plunged to a 15-month low of $580bln, covering less than ten months of imports. Meanwhile, the Indian rupee touched another record
On commodities, crude oil jumped to $102.3 per barrel after Biden failed to secure a firm agreement on supplies from Saudi Arabia, as the market