Day: March 29, 2023

Peru

In February, Peru exports decreased by 18% compared to the same month in the previous year, totaling USD 4.7 bln due to lower volumes and

Brazil

Brazil economic team is developing a plan to boost the country’s credit markets, impacted by high-interest rates. Credit card rates from the largest banks in

Sudan

The Sudanese paramilitary group rejected a cease-fire as diplomats attempt to prevent fighting from escalating into a civil war. The capital, Khartoum, witnessed renewed clashes

Tanzania

Meanwhile, the IMF expects Tanzania and Uganda economies to grow by 5.2% and 5.7%, respectively, while Rwanda growth forecast has been lowered to 6.2% from

Kenya

The IMF revised Kenya economic growth forecast to 5.3%, a decrease from the 5.4% forecast in 2022 and 7.5% in 2021. According to the IMF,

DR Congo

On Friday, The East African Community regional force (EACRF) announced that the M23 rebels had partially vacated the Bunagana and Chengerero areas in eastern DR

Africa

Fitch reaffirmed North Macedonia sovereign rating at BB+ while raising its outlook from negative to stable. The agency noted that the country had shown resilience

Ukraine

The EC has criticized the unilateral plans of Hungary, Poland, and Slovakia to ban grain imports from Ukraine. On April 15th, Hungary joined Poland and

Namibia

According to Vietnam national television broadcaster VTV, Vietnamese banks have only expanded their lending by more than 2% this year, a significant decrease from the

India

India wholesale price inflation rate fell to 1.34% in March, the lowest since October 2020, due to slowing fuel, manufacturing, and metals prices, while primary

China

Meanwhile, China has issued a warning of possible “major military actions” in the Yellow Sea from Tuesday morning onwards but did not provide any further

China

China economy saw its fastest growth in a year during the first quarter, with GDP expanding by 4.5% from the previous year. That is a

Bangladesh

Bangladesh has approved a payment of USD 318 mln to a Russian nuclear power developer using the Chinese yuan to bypass a payments deadlock that

China

Crude oil prices rose above USD 81 per barrel on Tuesday after China’s Q1 economic growth surpassed expectations, raising post-pandemic recovery hopes. The IEA expects