Georgia
Rising global borrowing costs have delayed the construction of a USD 3 bln mill central to a vast wood-pulp project in Paraguay. The project, backed
April 24, 2023
Rising global borrowing costs have delayed the construction of a USD 3 bln mill central to a vast wood-pulp project in Paraguay. The project, backed
Argentina will roll out emergency measures to curb further currency devaluation, including a significant hike in the key interest rate by 600 bps to 97%,
The IMF has agreed to provide Senegal with a USD 1.8 bln funding package to bolster the country’s economy and shield it from future shocks.
Moody’s downgraded Kenya credit rating deeper into junk status, to B3, due to escalated government liquidity risks, placing it on par with Mongolia and Angola.
Ghana has secured funding assurances from a group of bilateral creditors led by China and France, setting the stage for the IMF’s approval of a
Fitch affirmed Jordan rating at ‘BB-‘ with a Stable Outlook, acknowledging the country’s macroeconomic stability, fiscal and economic reform progress, and resilient financing. The ratings
Inflation in Serbia increased by 15.1% YoY in April, marking a slowdown from the 16.2% reported the previous month. The central bank kept rates steady
Moldova central bank reduced rates by 400 bps to 10.0% as inflation decelerated to 18.1% YoY in April, down from 30.2% in December. That marks
Net FX sales in Kazakhstan are projected to surge by USD 150-200 mln in May, following the deputy chair of the National Bank of Kazakhstan’s
Over the past weekend, president Aliyev of Azerbaijan and PM Pashinyan of Armenia convened in Brussels to negotiate a peace agreement under the facilitation of
China will dispatch a special envoy to Kyiv in Ukraine today, signifying the first high-level visit from the Chinese government since the invasion began. Li
Thailand economy grew 1.9% in Q1 2023, outpacing the anticipated 1.7% and bouncing back from a 1.1% decline in Q4 2022. With last year’s growth
The Philippine economy grew 1.1% QoQ in Q1 of 2023, outperforming market expectations of a 0.9% rise. That marked the third consecutive quarterly expansion, albeit
The IMF has requested Pakistan to secure a USD 8 bln financing line to proceed with a bailout package, adding to the challenges of finalizing
Malaysia economy grew by 5.6% YoY in the first quarter of 2023, surpassing market predictions of 4.8% but slowing from a revised 7.1% growth in
India annual inflation rate decreased significantly to 4.7% in April, the lowest since October 2021, slightly undershooting forecasts of 4.8%. Notably, food inflation dropped to
Bangladesh and Myanmar are urging hundreds of thousands to evacuate as Cyclone Mocha, expected to bring wind speeds as high as 175 km per hour,