Day: March 21, 2023

Honduras

Honduras’ deputy foreign minister has asked Taiwan to vacate its embassy in Honduras within thirty days following the end of their long-time alliance. The minister

Costa Rica

Fitch has given a BB- rating to Costa Rica USD 1.5 bln bond maturing in April 2034 with a 6.55% coupon. The funds raised from

Colombia

Colombian finance minister Ocampo announced that the government plans to promote the placement of one million loans for Colombians who lack access to formal financing.

Brazil

Brazil central bank acknowledged finance minister Haddad’s efforts to approve a fiscal package to improve public finances and reduce upside risks to inflation. However, the

Zimbabwe

Zimbabwe trade deficit decreased to USD 161.5 mln in February, with exports up 1.9% to USD 435.7 mln and imports down 0.4% to USD 596.8

Senegal

Senegal annual inflation rate eased for the third consecutive month to 9.4% in February, the lowest reading in eight months, compared to 10.6% in January.

Kenya

Kenya central bank is adopting a new approach to revive the interbank currency market, which has coincided with a weakening of the Kenyan shilling. That

Ethiopia

Ethiopia bond due December 2024 is one of the top performers in emerging markets as the country welcomes IMF officials for talks on a new

Mongolia

Mongolia economic development minister expects the country’s GDP growth to reach 7% this year, provided that China’s growth gets to 5%. China is Mongolia’s largest

Russia

Russia has warned Armenia of “serious consequences” if it ratifies its 1999 signature under the Rome Statute, which would bring it under the jurisdiction of

Ukraine

Ukraine energy minister wants to add the Russian nuclear energy sector and LNG to future sanction packages. The government prioritizes the worsening situation at the

Philippine

The Philippine government plans to require active and incoming soldiers to contribute to their pension instead of the state fully funding it, to prevent a

Myanmar

Myanmar military dissolved Aung San Suu Kyi’s pro-democracy party, the National League for Democracy, for not registering for upcoming elections. The commission noted that it

Bangladesh

Bangladesh cabinet approved a Bank Companies Act amendment that bans willful loan defaulters from traveling abroad. The draft law, based on an IMF recommendation, will