Day: September 20, 2022

Mexico

A magnitude 7.5 earthquake struck southwestern Mexico on Monday, killing one person, prompting evacuations, and causing buildings to sway in the capital. Separately, Hurricane Fiona

Argentina

The IMF said Argentina is taking ‘decisive’ steps to get its $44 bln program back on track after it missed a key target. IMF staff

Zimbabwe

According to Zimbabwe’s finance minister, the country’s inflation rate is expected to fall below 100% only by the end of next year. Annual inflation reached

Uganda

Uganda’s trade gap narrowed by 20% MoM to $288.5 mln from $359.5 mln in June, mainly driven by higher export revenue from agricultural production. Separately,

Kenya

Kenyan president William Ruto followed up on a pledge to remove fuel subsidy that has further depleted the state’s already strained coffers, as Ruto faces

Africa

Bank of West African States raised its benchmark interest rate by 25 bps to 2.50%, as the bank aims to gradually bring the inflation rate,

Tunisia

Tunisia’s government expects to reach a deal with the IMF for a loan package in the coming weeks. The size of the loan is currently

Kyrgyzstan

The president of Kyrgyzstan asked for his citizens to ignore unconfirmed web reports about the reportedly deadly clashes on the border with Tajikistan. Kyrgyzstan is

Armenia

Nancy Pelosi condemned what she called ‘deadly attacks’’ on Armenia and Azerbaijan after meeting Armenian officials in Yerevan. Azerbaijan’s foreign ministry rejected as ‘groundless’ the

Ukraine

The Ukrainian central bank is mulling selling the government bonds it has bought to finance the war. The purpose would be to help the Ukrainian

Thailand

According to Thailand’s finance minister, the country’s accelerating inflation poses a key threat to its economic recovery even as the reopening of border boost tourist

India

State Bank of India (SBI) asked its branches to avoid taking major foreign currency exposure on Bangladesh until further instructions, warning that Bangladesh is “facing

China

President Biden said US military forces would defend Taiwan from ‘an unprecedented attack’, his latest pledge of support as his administration seeks to deter China