Day: September 19, 2022

Peru

Peru’s central bank raised its 2022 inflation estimate to 7.8% from 6.4% in its previous forecast and cut its 2022 GDP forecast to 3% from

Mexico

Fitch reduced its 2023 growth forecast for Mexico by 50 bs to 1.4% while increasing its 2022 real GDP growth forecast to 2.5% from 1.8%

Sierra Leone

Sierra Leone’s central bank will delay the phaseout of its old currency until next spring. On 1 July, the country stripped three noughts of its

Congo

Fitch revised the Republic of Congo’s rating to CCC+ from CCC and removed the country’s long-term rating from Under Criteria Observation (UCO). The agency expects

Botswana

S&P affirmed Botswana’s rating at BBB+/A-2 with a stable outlook, as it expects the country’s diamond export-dependent economy will be resilient to weakening global economic

Kyrgyzstan

The border clashes between Kyrgyzstan and Tajikistan intensified, killing around two dozen people. By Friday, the clashes had become large-scale fighting involving tanks, artillery, and

Kazakhstan

Kazakhstan’s president on Saturday signed constitutional amendments that extended the presidential term to seven years and brought back the name of the country’s capital. Earlier

Azerbaijan

Azerbaijan and Armenia said a truce appeared to be holding after border clashes killed more than 200 troops on both sides. Armenia mentioned the situation

Ukraine

The US will provide as much as $600 mln to Ukraine in additional weaponry from US stockpiles. Russia was quick to respond by stating that

Russia

Russia’s central bank lowered its interest rates by 50 bps on Friday to 7.5% and signaled that it was nearing the end of its easing

Vietnam

National Assembly Chairman Vuong Dinh Hue warned that Vietnam’s economy will face growing challenges as the country’s inflation remains high and could cause prices to

Sri Lanka

According to data released by Sri Lanka’s statistics department, GDP fell 8.4% in the three months to June from the previous year, and industrial production