Day: May 15, 2023

Colombia

Amid a political scandal threatening president Gustavo Petro, the Colombian peso rose to a 10-month high, marking the biggest gain among major emerging-market currencies. Despite

Bolivia

Bolivia reported a trade deficit of USD 134 mln in the first four months of this year, compared to a USD 1.1 bln surplus reported

Uganda

Uganda PMI increased to an over two-year high of 57.4 in May, up from 55.4 in the previous month. That indicates a robust expansion in

Mozambique

Mozambique PMI dropped to 50.5 in May from a nine-month high of 51.7 in April, marking the fourth consecutive month of expansion, albeit at the

Malawi

The World Bank approved USD 265 mln for Malawi to create six irrigation schemes and support over 112,000 households. This funding is part of the

Georgia

Despite a downward trend, Angola Current Account balance saw a surplus equivalent to 1.8% of GDP in Q1 2023. Compared to Q4 2022, the current

Kosovo

In response to the worst violence outbreak in a decade, European leaders presented Kosovo and Serbia with a task list to defuse the tensions or

Armenia

Armenia’s economy experienced a slowdown in the annual inflation rate, with May figures settling at 1.3%. That marks the lowest reading since October 2020 and

Russia

Amid expectations of a planned counteroffensive by Kyiv, Russia and Ukraine reported extensive combat along the war frontlines. Russia’s defense ministry claimed to have repelled

Indonesia

Indonesia annual inflation rate fell to a 12-month low of 4% in May, down from 4.33% in April and below market expectations of 4.22%, mainly

Bangladesh

Bangladesh annual inflation rate rose 9.94% in May from 9.24% in the previous month. Food prices rose by 9.24% YoY in May, a slight increase

China

China finance ministry stated that local government debt is manageable and financial resources are sufficient to prevent risk spread, seeking to ease investor concerns regarding