Colombia
Inflation in Colombia decelerated for the second consecutive month, reaching 12.36% in May 2023, down from 12.82% in the prior month and under the market
May 17, 2023
Inflation in Colombia decelerated for the second consecutive month, reaching 12.36% in May 2023, down from 12.82% in the prior month and under the market
Brazil annual inflation rate dropped significantly to 3.94% in May from 4.18% in the prior month, the lowest level in two and a half years.
Seychelles’ annual inflation rate stood at -1.02% in May 2023, the first instance of deflation since May 2020 and the lowest level since August 2016,
The IMF has completed its sixth and seventh review for Sierra Leone under the ECF Arrangement, enabling a disbursement of about USD 20.7 mln. With
Nigeria central bank permitted the naira to weaken by about 2% on the official market to a record low, despite its rate remaining above the
Namibia trade deficit fell to NAD 1.3 bln (about USD 87 mln) in April 2023, marking a 40.9% decrease from the NAD 2.2 bln (about
Mauritius is in talks with the World Bank for an approximately USD 175 mln loan to enhance airport infrastructure. This loan, which includes a EUR
Qatar’s Amir and Uzbekistan President held talks to enhance bilateral ties and discussed mutual investment and trade plans. Various agreements and MOUs were signed, encompassing
Serbian president Aleksandar Vucic announced the country will hold early elections amid ongoing opposition protests accusing him of fostering a “culture of violence” and suppressing
Kosovo could hold new elections in Serb-majority municipalities experiencing violent protests if 20% of voters sign a petition requesting them. Kosovo’s president believes this method
Armenian banks have reportedly stopped processing payments for goods intended for the Russian market, TASS reported. That follows reports that Armenian, Kazakh, and Hong Kong
Ukraine has accused Russia of causing an environmental disaster by detonating a dam at the Kakhovka hydroelectric plant, which resulted in extensive flooding across southern
Russia federal government posted a budget deficit of 3.4 tln rubles (RUB) in the first five months of 2023, marking a record high for the
India central bank held its benchmark interest rate at 6.5% for the second consecutive time due to easing inflation. In April, India’s annual inflation decelerated
Bangladesh and the World Bank have entered into two financing agreements totaling USD 858 mln to enhance climate-resilient agricultural growth and improving road safety. A
The OECD’s June Economic Outlook suggests an improving global economy but anticipates a weak recovery. GDP growth for 2023 is slightly adjusted to 2.7% from