Day: March 16, 2023

Colombia

Meanwhile, the Colombian government has withdrawn a bill proposed by President Gustavo Petro’s Historic Pact movement to overhaul the political system.

Colombia

The IMF recommends that Colombia improves fiscal balances beyond the fiscal rule path to reduce financing needs, build buffers, and reduce external imbalances. The Flexible

Brazil

Brazil’s central bank kept its key interest rate unchanged, defying intense pressure from president Lula da Silva and his team for a looser monetary policy.  The bank

Argentina

Argentina government published a decree on Thursday that requires state-owned institutions such as Anses and state-run banks to exchange all their holdings of overseas bonds

Zambia

An IMF delegation led by Mission Chief Allison Holland has arrived in Lusaka to conduct the first review of Zambia Extended Credit Facility arrangement, according

Uganda

Uganda expects its large public debt to enter a declining trend, helped by strong economic growth projected to hit 7% when the country begins oil

Ghana

A group of independent power producers in Ghana, IPP, rejected the government’s proposal to include USD 1.4 bln in arrears as part of the nation’s

Lebanon

Five countries have experienced food inflation beyond 60% this year, with Lebanon and Syria facing triple-digit food inflation at 138% and 105%, respectively. In Iran,

Jordan

Following the Fed’s 25 bps interest rate hike, Jordan central bank will increase all its benchmark monetary policy rates by 25 bps starting March 26,

Africa

North Macedonia central bank, NBRM, announced it raised its key interest rate by 25 bps to 5.5%. The bank also stated that it anticipates a

Ukraine

On the ground, Ukraine stated that a counterattack against Russian forces in Bakhmut would launch “very soon” as enemy soldiers have grown “exhausted.” President Zelenskiy,

Ukraine

The EU plans to spend up to EUR 500 mln to support ammunition producers in addition to the EUR 2 bln already agreed upon by

Philippines

Philippines’ central bank raised its overnight reverse repurchase rate by 25 bps to 6.25%, marking a smaller interest rate increase and signaling a possible end

Sri Lanka

The Elections Commission of Sri Lanka indefinitely postponed the local council elections. The commission failed to agree on a date for the election and will

Malaysia

Malaysia central bank announced on Wednesday that the country’s international reserves as of March 15 amounted to USD 114.0 bln, covering around five months of