Day: April 7, 2023

Guatemala

Guatemala and Taiwan plan to sign an MoU on investment and production to attract investment from Taiwanese companies to Guatemala, according to Guatemalan President Alejandro

Brazil

Brazil current account registered a surplus of USD 0.286 bln in March, the largest since June 2021 and a significant improvement from a USD 3

Senegal

Senegal annual inflation rate rose slightly to 9.5% in March from 9.4% in the previous month, the lowest reading since June 2022, due to soaring

Nigeria

The World Bank’s Macro Poverty Outlook for Nigeria warns that population growth outpacing poverty reduction will push 13 mln people below the poverty line by

Algeria

Nineteen countries expressed interest in joining the BRICS summit in South Africa on June 2-3, with Saudi Arabia, Iran, Argentina, the UAE, Algeria, Egypt, and

Lebanon

Lebanon annual inflation rate soared to a record high of 264% in March from 190% in February. Costs of communication, health, and transportation were the

Kazakhstan

Kazakhstan central bank is examining the possibility of revising its inflation target higher. The current inflation target is set at 4-5%, and the proposed new

Azerbaijan

Azerbaijan state energy company, SOCAR, has signed a memorandum of understanding (MoU) with several EU states to “encourage cooperation” with natural gas transmission companies. Other

Armenia

Economic activity has been reported in several CIS countries. In Armenia, activity continued to pick up, registering a 12.2% growth in Q1 2023. The government’s

Russia

Russia has once again threatened to withdraw from the UN-brokered grain deal to protect Ukrainian shipments after an attack was launched on the Russian Black

Thailand

Thailand finance ministry lowered its 2023 GDP growth estimate to 3.6% from 3.8%, citing a weaker export outlook amid a global slowdown. The finance ministry

Sri Lanka

According to Sri Lankan president Wickremesinghe, the country aims to have a debt restructuring framework by May. The president held virtual meetings with finance ministers

Philippine

The Philippine central bank has amended its rules to ease pressure on the peso, which slipped to a four-month low. Officials expanded the coverage of

China

German chancellor Olaf Scholz has invited Chinese premier Li Qiang to Berlin for talks on June 20 to ease tensions between Europe and the Chinese

Bangladesh

Bangladesh will present a more flexible exchange rate and reforms to banks’ lending rates to the IMF, which will visit the country from April 25