Day: May 4, 2023

Guatemala

The IMF concluded its 2023 Article IV with Guatemala and expects the country’s economy to grow by 3.4% this year and 3.5% next, with inflation

Argentina

Argentina, grappling with inflation rates surpassing 100%, is in talks with China to expand their bilateral currency swap in yuan to bolster central bank reserves

South Africa

South Africa annual inflation rate in April fell to 6.8%, the lowest in eleven months and under market predictions of 7%, but still surpassed the

Nigeria

Nigeria central bank raised its benchmark interest rate by 50 bps to 18.5%, marking the third consecutive hike this year and propelling borrowing costs to

Kenya

Kenya national treasury cabinet secretary has stated that the country is prepared to manage the USD 2 bln Eurobond due next year. Following Moody’s downgrade

Ivory Coast

Ivory Coast annual inflation rate held steady at a four-month peak of 5.2% YoY in April, mainly fueled by high food and transport prices. Consumer

Ghana

According to Ghana central bank, Last year, sixteen of the 23 commercial banks registered losses amounting to USD 730.88 mln due to the nation’s domestic

Georgia

The PM of Georgia, Irakli Garibashvili, expressed disapproval of attempts to limit trade between Georgia and Russia. According to the Georgian National Statistics Office, the

Russia

Russia PM, Mikhail Mishustin, inked multiple agreements during his Beijing visit, strengthening the nations’ ties amidst “intense pressure from the collective West.” This visit is

Pakistan

According to Pakistan finance minister, Ishaq Dar, officials anticipate rolling over non-Chinese commercial loans upon striking a deal with the IMF. Despite the technical completion

India

India central bank governor has proposed that countries with excess rupees from their Indian exports can invest the funds in Indian government bonds. The initiative

Bangladesh

Bangladesh is exploring cost-effective oil purchasing options amid its IMF program and rising global commodity prices. The escalating costs have led to an energy crisis