Georgia
Paraguay reported a trade deficit of USD 92.06 mln in May, a decrease from USD 267.08 mln in the same month of the previous year.
May 23, 2023
Paraguay reported a trade deficit of USD 92.06 mln in May, a decrease from USD 267.08 mln in the same month of the previous year.
The US and UN continue to call for international intervention in Haiti, where violent gangs have paralyzed the capital and economy. The US has provided
Bolivia is exploring the issuance of new overseas bonds to increase its USD reserves, with its 2028 bonds showing recent gains. Finance Minister Marcelo Montenegro
Meanwhile, Uganda saw a drop in foreign currency loan uptake, attributed to fluctuating exchange rates and higher banking costs. Despite overall private sector credit increasing
Uganda central bank kept its benchmark interest rate unchanged at 10%, intending to maintain a tight policy to support the disinflation process. The annual inflation
The EU and the European Investment Bank (EIB) will likely finance the Mphanda Nkuwa mega hydroelectric project in Mozambique with a EUR 500 mln package.
Nigeria experienced a significant decline in earnings from LNG exports in Q1 2023, with sales dropping by 18% to USD 1.34 bln. Factors influencing this
Inflation in Namibia increased to 6.3% in May from a ten-month low of 6.1% in the prior month. Meanwhile, in Mozambique, the annual inflation rate
Kenya is experiencing a significant dollar shortage, driving investors away and causing the Nairobi All-Share Index to drop by 19% in early 2023. The FX
According to the World Bank, the Gambian economy is projected to grow at 5.5% between 2023 and 2025, demonstrating resilience amid global economic worries. Growth
In Iraq, the parliament approved a 198.9 tln dinar (USD 153 bln) budget for 2023 to fund public wages and development projects. The budget aims
Saudi Arabian company ACWA Power signed a USD 1.5 bln agreement with Kazakhstan Ministry of Energy and the Kazakh National Welfare Fund for a one-gigawatt
Armenia central bank has reduced its benchmark interest rate by 25 bps to 10.5%, citing a drop in the annual inflation rate to a two-and-a-half-year
The Russian ruble fell beyond 84 against the USD, hitting its lowest since April 2022 due to decreased oil prices and a dwindling foreign currency
President Putin acknowledged the deficiencies in Russia arms supply despite a threefold surge in production for the ongoing conflict in Ukraine. During a televised meeting,
Pakistan central bank governor, Jameel Ahmad, denied reports of the country seeking debt restructuring, despite a deadlock with the IMF over a USD 6.7 bln
India and Pakistan are preparing for a severe cyclone, Biparjoy, that could reach wind speeds of up to 150km/h. The cyclone will likely hit areas
The Asian Development Bank (ADB) approved a USD 400 mln loan to Bangladesh to aid domestic resource mobilization, improve public spending efficiency, and assist small