Day: April 27, 2023

Brazil

Brazil lower house of congress voted to fast-track the government’s new fiscal framework proposal, expediting the main legislative priority of president Lula da Silva. The

Zambia

Zambia central bank raised its benchmark interest rate by 25 bps to 9.5%, marking the second successive rate hike this year. This decision aims to

Kenya

Kenya is reportedly considering raising funds through a bond sale to settle its outstanding payments to oil marketing companies under a subsidy program. The government

Ghana

The IMF has approved Ghana request for a USD 3 bln bailout package over the next three years to support the debt-ridden nation’s recovery, with

Georgia

Gambia inflation rate increased to 17.4% YoY in April from 14.8% in March, primarily driven by increases in food (21.5%), housing (28.5%), and transportation (13.3%)

Mongolia

Mongolia economy grew by 7.9% YoY in Q1 2023, up from the previous period’s revised 4.7% growth, primarily driven by robust growth in the mining

Serbia

Serbia central bank indicated that it might resume monetary tightening if needed, either by raising the key rate or utilizing alternative measures such as increasing

Russia

Russia has been redirecting its oil exports from European customers, who are now blocked by sanctions, to Asia, thereby reshaping the global oil trade and

Ukraine

Ukraine and South Korea have signed a preliminary loan agreement from the Economic Development Cooperation Fund (EDCF), with Ukraine set to receive the first USD

Thailand

Thailand Move Forward Party, which claims leadership after emerging as the largest party in the recent election, is struggling to garner sufficient Senate support. Despite

Pakistan

Former Pakistani PM Imran Khan reported that police had surrounded his home in Lahore, suggesting a potential re-arrest. This move fuels the ongoing tension between