Day: January 31, 2023

Jamaica

The IMF concluded its Article IV consultation with Jamaica, noting that the country’s economy is strongly recovering, supported by sound policy frameworks and policies prioritizing

Bolivia

Bolivia’s central bank signed an agreement with state-owned bank Banco Union to buy USD from private exporters at a higher exchange rate than the average

Tunisia

According to Tunisia’s PM, authorities are working on a new foreign-exchange measure to continue a gradual process of liberalizing foreign transactions. A new bill targeted

South Africa

Planned spending on capital projects in South Africa plunged by more than 35% last year as the state scaled back expenditure, and the downswing is

Nigeria

Nigeria’s top court blocked the central bank from ending the use of higher-denomination naira notes. The country’s demonetization policy has divided the ruling congress, with

Mali

Mali and Russia have committed to continue strengthening their economic ties following a meeting between the nation’s foreign ministers. Since coming to power in a

Africa

North Macedonia is working on a EUR benchmark bond for four years at a guidance of 6.625% for a size of EUR 600 mln. The

Moldova

Moldova’s central bank cut rates by 300 bps to 17%, announcing expectations for quick disinflation throughout this year, and hopes for the annual inflation to

Georgia

In Georgia, NBG FX reserves stayed flat in January. National Bank reported that its FX reserves remained largely stable at USD 4.9 bn at the

Ukraine

Ukrainian president Zelensky repeated calls for the West to supply fighter jets to his country during an address to Britain’s Parliament. Ukraine’s Western allies have

Thailand

Thailand is set to borrow less than previously forecast to finance the nation’s budget deficit this year as a better-than-expected rebound in economic activities lifts

Sri Lanka

Sri Lankan president Wickremesinghe said the country has taken challenging measures and is pushing closer toward securing an IMF loan to address its economic crisis.

Philippines

The unemployment rate in the Philippines rose to 4.3% in December, inching up from 4.2% in the previous month. The labor force participation rate declined

China

G7 member states are discussing whether to sanction companies in China, Iran, and North Korea as they believe these countries are providing Russia with parts