Day: April 10, 2023

Peru

In response to an influx of Venezuelan migrants from neighboring Chile, Peruvian president Dina Boluarte declared a state of emergency in all of Peru’s border

Colombia

Colombian assets fell as president Gustavo Petro prepares a cabinet reshuffle following a series of legislative setbacks that he says represent the disintegration of his

Brazil

Brazil annual inflation decelerated to 4.16% YoY in early April, the slowest pace since the pandemic hit in 2020 and below market expectations. That intensifies

South Africa

The South African rand approached a three-year low of 18.4 against the USD due to renewed worries over the global financial system’s health and a

Ghana

Ghana’s move to restructure its local currency and overseas debt has resulted in the first loss on record for two of the top banks. GCB

Zambia

The current debt distress in low-income countries, including Zambia, Ghana, and Ethiopia, resembles that of the early 1980s and may continue indefinitely without global intervention,

Cameroon

Cameroon military plans to send troops to its borders with Nigeria and the Central African Republic due to an increase in attacks by militants and

Georgia

Angola raised its economic growth forecast for 2023, citing positive performance from the oil sector. The government now projects a GDP growth rate of 3.58%

Serbia

Following the Council of Europe’s vote to admit Kosovo, Serbia president Vucic announced “profound and fundamental changes” to the country’s foreign policy. Vucic expressed gratitude

Ukraine

China’s president Xi Jinping and Ukraine president Zelenskiy spoke for the first time since the invasion began. Zelenskiy deemed the talks as “meaningful,” and Jinping

Russia

Russia has taken control of utilities owned by Fortum Oyj and Uniper, marking the first such move in retaliation for EU asset freezes over its

Thailand

Thailand recorded a trade surplus of USD 2.72 bln in March, the first in a year and the largest amount since August 2020. Imports declined

Sri Lanka

S&P confirmed a selective default (SD) rating on Sri Lanka foreign currency debt, with a negative outlook on the rupee debt rated at CCC-. The