Day: April 12, 2023

Georgia

The early vote count in Paraguay election showed ruling party candidate Santiago Pena leading with almost 46% of the vote, while his main opposition Efrain

Costa Rica

Costa Rican authorities and IMF staff reached a staff-level agreement on the completion of the fourth review of the authorities’ reform program under the EFF

Colombia

Colombia central bank raised its benchmark interest rate by 25 bps to 13.25%, the highest level since 1999, in response to the nation’s bonds and

Zambia

Zambia kwacha has surged by approximately 20% against the USD, making it the world’s best-performing currency this month. Investors bet that a long-awaited debt restructuring

Kenya

Kenya annual inflation rate fell to a ten-month low of 7.9% in April 2023, dropping from 9.2% in the previous month and beating market expectations

Botswana

Botswana central bank held its key interest rate at 2.65%, citing a downward trend in inflation, with the monetary policy committee expecting inflation to temporarily

Uzbekistan

Over the weekend, Uzbeks voted in a constitutional referendum that could allow president Mirziyoev to hold power until 2040. The proposed changes, including the extension

Armenia

Armenian Foreign Minister Mirzoyan is in Washington to hold new discussions on the agreement governing Azerbaijan and Armenia’s relations. Azerbaijan has not immediately confirmed the

Ukraine

Ukraine’s finance minister has pleaded for more financial backing from Western partners as the country’s budget needs remain high. The EU is providing EUR 20

Russia

The Central Bank of Russia (CBR) kept its interest rates on hold at 7.5% on Friday, as expected by the market. While the tone in

Namibia

Vietnam inflation rate fell to a 12-month low of 2.81% YoY in April, down from 3.35% in March, mainly driven by a slowdown in gasoline

Sri Lanka

Sri Lanka annual inflation rate slowed to 35.3% in April, the lowest in a year, from upwardly revised 50.4% in March, with core inflation easing

Pakistan

Pakistan finance ministry predicts that April inflation may reach a record high of 36-38% YoY, citing food and energy price hikes and currency depreciation. The

China

Chinese officials maintained their economic policy stance, indicating it’s too early to tighten monetary and fiscal measures or push for controversial economic reforms despite the

Bangladesh

The World Bank approved USD 1.25 bln in loans for three projects in Bangladesh aimed at promoting crop diversification, food safety, and climate resilience in