Day: May 31, 2023

Peru

Peru’s finance ministry expects an economic rebound in the second half of the year as temporary shocks from unrest, flooding, and fertilizer shortage recede. Although

Colombia

According to Colombian president Petro, a legislative bill to improve Colombian worker rights failed to pass through Congress. Economic think tank Fedesarrollo and other analysts

Zambia

The Zambian kwacha saw an appreciation of over 10% in late June, reaching 17.4 per USD, marking its strongest performance in seven years. This surge

South Africa

The Netherlands and Denmark have committed to helping establish a USD 1 bln green hydrogen fund for South African projects. This fund underpins South Africa’s

Mozambique

S&P downgraded Mozambique’s long-term local currency debt rating to SD (selective default) from B-, following late payments on long-term, local currency commercial debt between February

Morocco

Morocco’s central bank maintained its benchmark interest rate at 3.0%, keeping borrowing costs at their highest level since August 2014, following three consecutive rate hikes

Ghana

Ghana’s finance minister has announced expectations of receiving around USD 6.2 bln from multilateral partners, such as the IMF, World Bank, and AfDB, by 2026,

Ethiopia

The World Food program (WFP) is considering reinstating partial food aid provisions in Ethiopia as early as July following the implementation of stricter recipient selection

DR Congo

DR Congo’s central bank increased its benchmark interest rate by 200 bps to 11.0%, as pressures on the government budget persist due to the war

Moldova

Moldova’s central bank lowered its benchmark interest rate by 400 bps to 6%, continuing a loosening policy since the rate peaked at 21.5% in August

Ukraine

The US Department of Defense (Pentagon) disclosed that it would be able to allocate USD 6 bln more than initially anticipated for arms supplies to

Russia

Russia’s central bank is discussing possible financial cooperation with Iran, which includes settlements, insurance, and the use of Russia’s Mir payment cards. The bank’s first

Vietnam

Vietnam’s central bank (SBV) is strategizing ways to boost the money supply and lending, aiming to enhance economic growth without sparking inflation. Given that credit

Thailand

A pro-democracy coalition that emerged victorious in Thailand’s recent general election appears close to securing enough Senate support to form a government under the leadership

Sri Lanka

The World Bank’s board is expected to approve loans for Sri Lanka by the end of this month. These loans include support for a welfare

Peru

Peru’s finance ministry expects an economic rebound in the second half of the year as temporary shocks from unrest, flooding, and fertilizer shortage recede. Although

Colombia

According to Colombian president Petro, a legislative bill to improve Colombian worker rights failed to pass through Congress. Economic think tank Fedesarrollo and other analysts

Zambia

The Zambian kwacha saw an appreciation of over 10% in late June, reaching 17.4 per USD, marking its strongest performance in seven years. This surge

South Africa

The Netherlands and Denmark have committed to helping establish a USD 1 bln green hydrogen fund for South African projects. This fund underpins South Africa’s

Mozambique

S&P downgraded Mozambique’s long-term local currency debt rating to SD (selective default) from B-, following late payments on long-term, local currency commercial debt between February

Morocco

Morocco’s central bank maintained its benchmark interest rate at 3.0%, keeping borrowing costs at their highest level since August 2014, following three consecutive rate hikes

Ghana

Ghana’s finance minister has announced expectations of receiving around USD 6.2 bln from multilateral partners, such as the IMF, World Bank, and AfDB, by 2026,

Ethiopia

The World Food program (WFP) is considering reinstating partial food aid provisions in Ethiopia as early as July following the implementation of stricter recipient selection

DR Congo

DR Congo’s central bank increased its benchmark interest rate by 200 bps to 11.0%, as pressures on the government budget persist due to the war

Moldova

Moldova’s central bank lowered its benchmark interest rate by 400 bps to 6%, continuing a loosening policy since the rate peaked at 21.5% in August

Ukraine

The US Department of Defense (Pentagon) disclosed that it would be able to allocate USD 6 bln more than initially anticipated for arms supplies to

Russia

Russia’s central bank is discussing possible financial cooperation with Iran, which includes settlements, insurance, and the use of Russia’s Mir payment cards. The bank’s first

Vietnam

Vietnam’s central bank (SBV) is strategizing ways to boost the money supply and lending, aiming to enhance economic growth without sparking inflation. Given that credit

Thailand

A pro-democracy coalition that emerged victorious in Thailand’s recent general election appears close to securing enough Senate support to form a government under the leadership

Sri Lanka

The World Bank’s board is expected to approve loans for Sri Lanka by the end of this month. These loans include support for a welfare