Day: April 6, 2023

Haiti

A mob in Haiti Port-au-Prince burned thirteen suspected gang members to death with gasoline-soaked tires after they were taken from police custody at a traffic

Bolivia

Bolivia congress instructed the central bank to disclose its FX transactions after the approval of a bill to monetize gold reserves. Deputies president Mercado announced

Argentina

Argentina trade surplus of USD 271 mln in March of the previous year turned into a trade deficit of USD 1059 mln due to surging

Tanzania

The IMF’s Executive Board approved the first review of the ECF Arrangement and the 2023 Article IV Consultation with Tanzania, enabling the immediate disbursement of

Kenya

Kenya is at rising risk of default, with growing concerns as investors demand extra yield to hold its USD bonds over US treasuries. Yields on

Egypt

Egyptian bonds tumbled after S&P gave a more pessimistic outlook on the country’s finances than the IMF, forecasting more currency depreciation and lowering its outlook

Kazakhstan

Despite the decline in monthly and core inflation in Kazakhstan, high inflation risks remain, according to Kazakh central bank governor Galymzhan Pirmatov, who met with

Azerbaijan

Azerbaijan military established a second checkpoint on Lachin Road, which connects Armenia to Karabakh, claiming it is on Azerbaijan’s sovereign territory to prevent the illegal

Ukraine

Ukrainian foreign minister Dmytro Kuleba appealed to European Union counterparts for additional military equipment and ammunition ahead of expected fighting. Kuleba made the request during

Russia

Russian crude oil exports remain stable despite the government’s announcement of production cuts. Bloomberg reported that flows from Russian ports were unchanged, averaging 3.4 mln

Namibia

In response to Prime Minister Pham Minh Chinh’s calls for softer loan terms to aid struggling businesses, Vietnam central bank has issued two circulars. The

Thailand

Thailand central bank has signaled its intent to stick with gradual and measured monetary tightening until it is clear that inflation is durably retreating, even

Philippine

The Philippine economy is expected to withstand the impact of higher inflation, with investments and consumption expected to remain strong, according to the Development Budget

India

India’s 10Y bond yields fell to a one-year low of 7.1% at the end of April, as the Reserve Bank of India’s (RBI) dovish monetary

China

On commodities, the CRB Commodity Index fell below 300, dropping further from a five-month high of about 310 points on April 18th. Investors are increasingly