Peru
For the first time this year, Peru is tapping global investors by raising USD 2.5 bln through a sustainability bond. The funds generated will be
May 10, 2023
For the first time this year, Peru is tapping global investors by raising USD 2.5 bln through a sustainability bond. The funds generated will be
Guatemala central bank held its key interest rate at 5% following a 25 bps increase in April and a total 325 bps hike since April
The World Bank is preparing to approve a partnership with Tunisia, a move that signals improved relations and offers hope for Tunisia’s ailing economy. This
Mozambique central bank held its benchmark lending rate at 17.25% amid potential consumer-price pressures. The bank has also raised reserve ratios for the second time
Angola ruling party, MPLA, is contemplating the removal of costly fuel subsidies, a move that could lead to a surge in fuel prices. Last year,
The IMF cautions about Iraq escalating fiscal imbalance due to heightened spending and fluctuating forex market. Iraq’s financial stability is at risk as oil production
Serbia economic growth was affirmed at 0.7% YoY in Q1 2023, an increase from the revised 0.5% growth in the previous quarter. Net foreign demand
The Mongolian government plans to expand its parliament by 66% to 126 members by 2024 to enhance gender diversity and ensure wider participation from different
Albin Kurti, the PM of Kosovo, is considering holding early elections in Serb-majority regions following recent violent clashes. Despite warnings from international allies about potential
Fitch maintained Kazakhstan rating at BBB with a stable outlook. The affirmation builds on the nation’s solid fiscal and external stance, supported by accrued oil
The Biden administration announced a new USD 300 mln military aid package for Ukraine, encompassing ammunition for Patriot air-defense systems and High Mobility Artillery Rocket
Fitch maintained Vietnam BB rating with a positive outlook, citing favorable medium-term growth prospects, robust external liquidity, and comparatively lower government debt. However, growth predictions
Sri Lanka’s central bank lowered its benchmark interest rate by 250 bps to 14.0%, the first cut in nearly three years. Despite enjoying a 27%
India’s economy registered a YoY growth of 6.1% in the first quarter of 2023, significantly outpacing expectations of 5%. Private consumption, services exports, and manufacturing
Moody’s has placed negative rating actions on seven Bangladeshi banks, including BRAC Bank, City Bank, Dutch-Bangla Bank, Eastern Bank, NCC Bank, and Premier Bank. These