Day: April 14, 2023

Colombia

Colombia manufacturing PMI increased to 52.6 in April 2023 from 51.5 in March, marking a second consecutive month of expansion in the country’s factory activity

Georgia

Argentinian president Fernandez is looking for USD relief from Brazil Lula. Brazilian finance minister Haddad said that both governments are exploring potential guarantees for Brazil

Nigeria

The Stanbic IBTC Bank Nigeria PMI surged to 53.8 in April 2022, up from a two-year low of 42.3 the previous month, indicating a renewed

Malawi

Malawi central bank raised interest rates by 400 bps to 22%, anticipating sustained high inflation due to adverse weather conditions. The liquidity reserve requirement ratio

Kenya

Kenya shilling is trading at a record low against the USD, with interventions by authorities to slow the slide. The weaker currency increased the country’s

Uganda

Deutsche Bank strategists are increasingly focusing on currencies of frontier markets grappling with issues, including high debt-servicing costs and soaring inflation. The research team introduced

Uzbekistan

Uzbekistan appears to be moving forward with plans to purchase Russian gas via the Middle Asia-Centre gas pipeline, according to the Uzbek gas pipeline. The

Kyrgyzstan

Human Rights Watch reported that Kyrgyzstan and Tajikistan committed war crimes during a four-day border conflict in September, which claimed over 100 lives. The report

Kazakhstan

Inflation in Kazakhstan decelerated to 0.9% MoM, driving annual inflation down to 16.8% YoY due to a substantial base effect, aligning closely with the policy

Armenia

Armenia central bank maintained interest rates at 10.75%, unchanged since December. In March, the 12-month inflation rate dropped sharply to 5.4% by the end of

Azerbaijan

The Karabakh blockade on the Lachin road between Azerbaijan, Armenia, and Karabakh has ended after 4.5 months. The blockade, initially called a “demonstration,” aimed to

Pakistan

Pakistan annual inflation rate reached 36.4% YoY in April, the highest since 1964, outpacing Sri Lanka’s 35.3%. The Pakistani rupee declined 20% to the USD

Indonesia

Indonesia inflation rate fell to an eleven-month low of 4.33% YoY in April, down from 4.97% in the previous month, with food prices experiencing the

Bangladesh

The World Bank disbursed USD 753.45 mln for a transport and trade connectivity project to improve regional trade in Bangladesh and USD 500 mln to