Peru
Peru central bank projects inflation to reach the 3% target next year, spurred by a significant slowdown in consumer prices. Despite the annual inflation in
May 19, 2023
Peru central bank projects inflation to reach the 3% target next year, spurred by a significant slowdown in consumer prices. Despite the annual inflation in
S&P has downgraded Argentina long-term local currency debt rating from CCC- to SD, accompanied by a negative outlook. The Long-Term Foreign Currency Debt Rating remains
Fitch downgraded Tunisia rating to CCC- from CCC+, highlighting uncertainties regarding Tunisia’s ability to secure sufficient funding to meet its large financial requirements and setbacks
Tanzania annual inflation rate declined to 4.0% in May, the lowest in a year, with slower price rises in food and transport. The core inflation
Rwanda annual inflation rate eased to 22.4% in May, marking the lowest since August 2022, primarily driven by a slower rise in food prices. Consumer
Nigeria central bank governor, Godwin Emefiele, has been detained by the State Security Service for “investigative reasons” amid allegations regarding public lending programs. His dismissal
Madagascar received a USD 100 mln World Bank loan for growth reform support. The loan will aid in improving transparency, macro-fiscal stability, market competition, and
The International Finance Corporation (IFC) is investing USD 157.4 mln in equity in the Global Partnership for Ethiopia and extending a USD 100 mln loan
Egypt annual inflation rate accelerated to 32.7% in May, primarily due to faster increases in food inflation. The rate is significantly above the central bank’s
Burundi central bank is introducing new 5,000 and 10,000 franc notes while phasing out the old ones in an effort to manage currency supply amid
Unemployment in North Macedonia decreased to 13.4% in Q1 2023, reaching its lowest since records began in 1993. Separately, inflation in Moldova eased to 16.3%
Ukraine experienced an easing of its annual inflation rate for the fifth consecutive month, dropping to 15.3% in May from April’s 17.9%. That is the
Russia central bank held its key interest rate at 7.5% for the sixth straight decision. However, potential rate hikes are on the horizon due to
Sri Lanka has eased import restrictions on over 300 items due to improved USD availability. The nation experienced a decline in total import expenditure by
Pakistan plans to renegotiate terms with bilateral creditors to avoid default, as the current IMF bailout program is uncertain of completion by its end date