Georgia
Paraguay’s inflation rate declined to 5.1% YoY in May from 5.2% in the previous month. Separately, Honduras’ annual inflation rate fell to 6.58% in May,
May 12, 2023
Paraguay’s inflation rate declined to 5.1% YoY in May from 5.2% in the previous month. Separately, Honduras’ annual inflation rate fell to 6.58% in May,
The Dominican Republic’s monetary board decided to reduce the banking reserve requirement by 2%, releasing about 94 bln pesos, or USD 1.7 bln, to stimulate
China has given Argentina the green light to tap more funds from a shared 130 bln yuan currency swap line. The accessible limit has been
S&P has affirmed Uganda rating at B, with a negative outlook due to persistent large fiscal and external deficits. Separately, S&P maintained Senegal rating at
Fitch affirmed Namibia rating (IDR) at BB- with a Stable Outlook, citing strong governance indicators and fiscal financing flexibility. The fiscal deficit is estimated to
The finance minister of Mauritius foresees a shrinkage of the 2023-24 budget deficit to 2.9% of GDP, down from a current estimate of 3.9%. Furthermore,
The US Export-Import Bank has approved a direct loan exceeding USD 900 mln to Angola energy and water ministry to support the construction of two
Georgia annual inflation rate moderated to 1.5% in May, marking its lowest since December 2018 and down from 2.7% in the prior month, mainly driven
The Eurasian Development Bank (EDB) revised its growth forecast for Armenia economy to 7.5% in 2023, buoyed by a robust economic performance in Q1 2023.
In the wake of recent visits to Kyiv and Moscow, China’s envoy has expressed that facilitating peace talks in the current situation would be challenging.
Sri Lanka central bank purchased USD 1.7 bln from the FX market to rebuild reserves as the rupee appreciated. USD 662 mln was bought in
The Philippines’ central bank will start offering 56-day bills from June 30 as part of its efforts to improve monetary operations. Initially offered in small
The IMF anticipates a moderation of Malaysia economic growth to 4.5% in 2023 due largely to global headwinds. Despite achieving an impressive 8.7% growth in
In a speech at Asia’s biggest security conference, US defense secretary Lloyd Austin warned about the catastrophic impact a conflict over Taiwan could have on
Crude oil prices rose by more than 4% to USD 75 per barrel before retracting to below USD 74, following Saudi Arabia’s pledge to further