Day: April 3, 2023

Bolivia

S&P downgraded Bolivia rating to B- from B and lowered the country’s outlook to negative from watch negative due to political divisions that have limited

Colombia

Several LATAM currencies fluctuated against the USD this week. On Tuesday, the Colombian peso hit a one-week low, becoming the weakest currency among emerging markets.

Zimbabwe

As the Zimbabwean currency continues to rapidly depreciate, investors have turned to the alternative, dollar-only stock market, with the combined value of traded companies rising

Zambia

Zambia official creditors, co-led by China, made progress in debt-restructuring talks on Tuesday and plan to reconvene next month. An anonymous source said they might

South Africa

South Africa annual inflation rate rose to 7.1% in March, up from 7% in the previous month and above market forecasts of 6.9%, driven mainly

Namibia

Namibia central bank raised its key lending rate to 7.25%, marking the eighth consecutive rate hike and the highest level since May 2009. The bank

Ghana

Ghana Q4 2022 GDP grew 3.7% YoY, up from 3.1% in the prior quarter, with the services sector leading the way with a growth rate

Kazakhstan

Kazakhstan GDP growth in Q1 2023 stood at 4.9% YoY, exceeding the 4% target set for the year. The country’s premier, Smailov, announced this growth

Georgia

In Georgia, transfers from Russia surged by nearly ten times in Q1 2023, according to official data. These transfers were the key driver behind the

Ukraine

Poland and Ukraine reached a deal to reopen the former’s border for Ukrainian grain exports. Poland had previously closed the border for Ukrainian agricultural commodities,

Malaysia

Malaysia trade surplus was 26.69 bln ringgit in March, almost the same as the previous year but surpassed market expectations of 21.10 bln ringgit. The

Laos

Laos’ central bank plans to maintain stringent controls to stabilize the value of the kip and alleviate the burden of rising living costs. The country’s

China

China central bank, PBoC, maintained its key lending rates for the eighth consecutive month. The loan prime rate for one-year and five-year loans remained at

Bangladesh

Bangladesh is reportedly in discussions with the ADB to secure loans worth approximately USD 1 bln in May. The lender plans to provide USD 400