Day: January 30, 2023

Costa Rica

Costa Rica’s annual inflation rate slowed for the fifth consecutive month to 7.65% in January from 7.88% in the previous month, the lowest reading since

Kenya

Kenya’s government procured a USD 240 mln emergency facility from its central bank, a development that signals a worsening cash crunch that has pushed the

Ghana

Ghana plans to entice local pension funds into its debt restructuring program weeks after exempting them from participating. Pension funds will receive their full interest

Guinea

Guinea Bissau signed a USD 50 mln financing agreement with the World Bank to strengthen control of fiscal resources in the country. The funds will

Egypt

Conditions in Egypt’s non-oil economy deteriorated sharply in January as a steep devaluation of the pound heaped more price pressures on businesses. The S&P Egypt

Georgia

Georgia’s largest opposition party said it has quit parliament and will take to the streets following a court decision denying former Georgian President Mikheil Saakashvili’s bid

Kosovo

Kosovan PM Kurti said his country accepts “the EU’s proposal for the normalization of relations between Kosovo and Serbia and considers it a good basis

Ukraine

Ukraine parliament approved changes to the 2023 state budget, raising state spending to support small businesses and channel more funds into reconstruction and recovery projects

Russia

President Vladimir Putin’s government is pressuring Russia’s central bank to be more upbeat about the outlook for the economy and signal that it is ready to

Sri Lanka

The Paris Club of creditors decided to provide financing assurance to support the IMF’s approval of an extended fund facility (EFF) for Sri Lanka, according

India

India’s central bank raised its benchmark repurchase rate by 25 bps to 6.5% amid easing inflation following a moderation in food prices. While India’s inflation

China

Trade in goods between the US and China climbed to a record in 2022, keeping both economies connected despite their governments’ efforts to forge separate