Day: May 3, 2023

Peru

Peru witnessed an economic contraction of 0.4% YoY in Q1 2023, marking the first negative growth since December 2020, primarily driven by a decline in

Georgia

Paraguay central bank held its key interest rate at 8.5% for the eighth consecutive session. Domestically, annual inflation slowed to 5.3% in April from 6.4%

Tunisia

Tunisia economy minister, Samir Saied, mentioned that the negotiations with the IMF over a USD 1.9 bln bailout are progressing. Mr. Saied also noted that

Malawi

Malawi president, Lazarus Chakwera, will meet with Chinese and other creditors to discuss the country’s USD 2.61 bln debt. This meeting comes as Malawi seeks

Egypt

Egypt is ambitiously targeting USD 2 bln in foreign deals by the end of June, offering state assets, including banks, power plants, and gas stations.

Georgia

Angola central bank will revisit its inflation target and interest rate outlook once the government finalizes plans to eliminate costly fuel subsidies. The subsidies currently

Armenia

During a five-hour press conference, Armenian PM Pashinian outlined some elements of a potential peace agreement with Azerbaijan. He revealed that Armenia is willing to

Ukraine

At the Qatar Economic Forum, Hungarian PM Viktor Orban defended his choice to withhold aid to Ukraine, arguing that the country stands no chance of

Namibia

Vietnam central bank lowered its refinancing rate by 50 bps to 5.0% to stimulate the economy. The overnight lending rate in the interbank market was

Pakistan

Former Pakistani PM Imran Khan has been granted temporary bail in multiple cases by an anti-terrorism court in Islamabad. This decision could help ease tensions

Indonesia

Indonesia current account surplus climbed to USD 2.97 bln in Q1 2023, up from USD 0.55 bln a year prior, marking its seventh consecutive quarter

China

Russian PM Mikhail Mishustin is visiting China for two days to strengthen trade ties, with agricultural exports from Russia expected to increase significantly, as reported

Bangladesh

Bangladesh annual inflation rate slowed to 9.24% in April after peaking at 9.33% in March. The reduction was attributed to a minor deceleration in food