Day: April 20, 2023

Jamaica

According to Jamaica central bank, FX reserves increased to USD 4.172 bln in April from USD 4.152 bln in March. Conversely, Honduras’ FX reserves declined

Costa Rica

Costa Rica annual inflation rate dropped for the eighth consecutive month to 2.44% in April from 4.42% in the previous month, the lowest since September

Brazil

Brazil president Lula da Silva appointed deputy finance minister Gabriel Galipolo to the central bank’s board as monetary policy director, causing a selloff in local

Zambia

S&P noted that a money shortage in Zambia led to reduced output and new orders, but a stronger local currency mitigated the downturn and price

South Africa

South Africa is likely to miss its primary budget surplus target for FY23 by 8.2 bln rand (USD 448 mln) after revenue collections fell slightly

Mauritius

Mauritius’ annual inflation rate softened for the fourth consecutive month to 8.3% in April amid a slowdown in food, housing, and transportation costs. Consumer prices

DR Congo

Over 270 people have died, and around 300 are missing due to flooding in the eastern DR Congo. Heavy rainfall since Friday caused rivers to

Uzbekistan

Uzbek president Shavkat Mirziyoyev ordered snap elections after the recent constitutional vote. The elections are scheduled for July 9. Mr. Mirziyoyev can legally run for

Uzbekistan

The EC requested member states to target around 35 more entities, including businesses in mainland China, Hong Kong, Uzbekistan, Armenia, and the UAE, for supporting

Armenia

As reported by the Financial Times, citing unidentified officials, Armenia and Azerbaijan are expected to resume peace talks in Brussels this weekend. EC president Michel

Namibia

Vietnam central bank plans to restructure four weak commercial banks to fortify the nation’s banking system. The underperforming banks, DongA Bank, Vietnam Construction Bank, Ocean

Philippines

The Philippines’ trade deficit widened to USD 4.93 bln, compared to USD 4.59 bln in the previous year, with exports falling by 9.1% due to

India

OPEC’s market share in India fell to a record low due to an influx of cheap Russian oil imports. In April, the cartel’s share decreased

China

China foreign minister met with US Ambassador Nicholas Burns, indicating potential senior-level discussions. China emphasized stabilizing Sino-US relations and preventing accidents. Meanwhile, China noted that