Day: February 6, 2023

Colombia

Colombia’s trade deficit shrank to USD 1.4 bln in December from USD 1.7 bln in the corresponding month of the previous year. That marked the

Argentina

Argentina’s annual inflation rate sped up more than expected to 99.8% in January, further complicating the government’s strategy ahead of presidential elections later this year.

Tunisia

Tunisian authorities have made ‘very good progress’ on the steps needed to approach the IMF’s board for approval of a loan program, according to the

Tanzania

The World Bank sees Tanzania’s GDP growth rising to 5.3% this year, mainly driven by investment increases and improved terms of trade but will remain

Ghana

Ghana bondholders swapped 83 bln cedis of debt (USD 6.8 bln) in the first step of a domestic debt restructuring that closed last week. The

Angola

Angola’s annual inflation rate slowed for the twelfth consecutive month to 12.55% in January from 13.86% in the previous month, the lowest reading since October

Mongolia

Moody’s affirmed Mongolia’s rating at B3 with a stable outlook. The rating comes against a backdrop of elevated liquidity and external risks amid strong growth

Serbia

Serbia’s central bank (NBS) resumed FX sales and sold a net of EUR 225 mln in January to maintain the stability of the local FX

Kazakhstan

Kazakhstan’s GDP jumped 5.6% YoY in January, with the central bank stating that the economic activity index entered positive territory in January for the first

Ukraine

Ukraine’s defense chief appointed three deputies as part of a shakeup aimed at quelling accusations of corruption in the top echelons of the government. Defense

Thailand

Thailand’s finance minister mentioned that the government could borrow equivalent to as much as 10% of GDP to support the economy without putting its fiscal

Pakistan

Fitch lowered Pakistan’s rating to CCC- from CCC+ after the country’s FX reserves dropped to critically low levels amid a delay in its bailout package

Indonesia

Indonesia’s trade surplus surged to USD 3.87 bln in January from USD 0.96 bln in the same month of the previous year, beating market forecasts

India

Indian officials said China must stop taking positions that block debt relief to some of the world’s poorest nations and be willing to take losses