Day: May 1, 2023

Jamaica

Jamaica central bank held its benchmark interest rate at 7% on Friday, acknowledging that recent trends were encouraging inflation to align with the 4-6% target

Peru

Amid increasing demand and appreciation for the Peruvian sol, finance minister Alex Contreras has planned a local currency bond issuance by September. This move symbolizes

Colombia

Colombia central bank Governor, Leonardo Villar, highlighted the persistent nature of the country’s inflation, which saw a decline in the annual rate only recently. Despite

Somalia

Somalia annual inflation rate escalated to a five-month high of 6.2% in April, up from 5.7% the previous month, mainly driven by a rise in

Morocco

In response to water scarcity, surging inflation, and the need for tourism support, Morocco government is set to provide an extra USD 1 bln in

Malawi

Malawi annual inflation rate rose to 28.8% in April from 27% in March, mainly driven by a 37.9% YoY increase in food prices, with non-food

Cameroon

The IMF and Cameroonian authorities have reached a staff-level agreement on economic policies, which could pave the way for Cameroon to access approximately USD 73.8

Georgia

Angola central bank maintained its key policy rate at 17%, following a 100-bps cut in March. The decision was driven by a consistent decrease in

Moldova

In a display of support for the planned EU accession, Moldovans rallied on the streets of their capital, signaling a shift from decades of Russian

Georgia

Georgia president announced her decision to avoid privately-owned Georgian Airways following their resumption of commercial flights to Russia. That occurred despite some Georgian officials applauding

Armenia

On Friday, Armenia and Azerbaijan continued their peace and interstate relations negotiations in Russia. According to Russian media, the two nations are nearing an agreement

Ukraine

On the final day of the G7 summit in Japan, Ukraine president Zelensky met with G7 leaders and India’s PM Narendra Modi. That marked their

Thailand

Thailand Move Forward party is confident about securing senatorial support for their leader, Pita Limjaroenrat. Despite winning the election, forming a government remains challenging, requiring

Pakistan

According to Bloomberg analysts, Pakistan rupee is undervalued by roughly 14%. Confidence in the currency has waned due to delayed IMF aid and political unrest

China

Meanwhile, China central bank maintained its key lending rates for the ninth month. The one-year loan prime rate remained at 3.65%, and the five-year rate

China

The G7 leaders expressed their desire for stable relations with China while concurrently strategizing to minimize dependence on Beijing for vital supply chains. The leaders