Honduras
Taiwan and Honduras have ended their diplomatic relations after more than 80 years, with Honduras recognizing Taiwan as part of China. China and Honduras have
March 17, 2023
Taiwan and Honduras have ended their diplomatic relations after more than 80 years, with Honduras recognizing Taiwan as part of China. China and Honduras have
Moody’s lowered Bolivia rating by two notches to caa1 on Friday and placed it on review for further downgrades, citing low levels of FX reserves
Fitch affirmed Uganda rating at B+ but lowered its outlook to negative from stable due to heightened fiscal and external financing and liquidity pressures. The
Mauritius’ central bank pledged to defend the rupee against “unpatriotic” speculation causing the currency to weaken. The bank noted that it had intervened in the
DR Congo central bank raised its benchmark interest rate by 175 bps to 9.0% to maintain price stability. According to the bank’s governor, the economy
Meanwhile, in Ghana and Kenya, currency concerns persist, with the Ghanaian cedi down nearly 17% against the USD YTD and the Kenyan shilling facing accelerating
Central banks in sub-Saharan Africa are prioritizing inflation and currency risks ahead of upcoming policy meetings. Despite banking sector turmoil, Nigeria central bank raised interest
The US military conducted airstrikes in Syria in response to an alleged Iranian-made drone that crashed into a coalition base and killed an American contractor.
The IMF released its Article IV on Tajikistan, emphasizing the Tajik economy’s resilience thus far but highlighting the uncertainty over the near-term outlook due to
Preliminary data from Kyrgyzstan indicates that GDP rose by 7% in 2022.The IMF has revised its economic growth forecast for Kyrgyzstan to 3.5% in 2023,
The central bank of Belarus cut its key interest rate by 50 bps to 10.50%. Inflation slowed to 11.7% YoY in February from 12% in
Armenia constitutional court has ruled that the ICC’s obligations align with its national constitution. That means if president Putin or Maria Lvova-Belova enter Armenian territory,
The situation in the Ukrainian town of Bakhmut, which has been subject to a brutal seven-month attack by Russian forces, is stabilizing, according to Valery
Sri Lanka has utilized USD 121 mln from its initial USD 330 mln IMF loan tranche to repay part of an Indian credit line. The
China has provided Pakistan with a USD 2 bln deposit rollover for one year to support its bailout from the IMF. The deposit will be
Malaysia annual inflation rate remained unchanged at 3.7% YoY in February, mainly driven by rising food prices. Core consumer prices increased by 3.9%, the same
The ADB has approved an emergency assistance loan of USD 230 mln to support Bangladesh government rehabilitation and reconstruction efforts in the districts affected by