Zambia
Zambia has reached an agreement to restructure its USD 6.3 bln debt with bilateral lenders, a French official reported. This agreement was announced at a
June 2, 2023
Zambia has reached an agreement to restructure its USD 6.3 bln debt with bilateral lenders, a French official reported. This agreement was announced at a
The World Bank and Tunisia have signed a new five-year partnership agreement to support Tunisia’s development plan to expand its economy, create jobs, and boost
Senegal has secured a USD 2.7 bln financing package from the G7 nations to bolster its transition to clean energy. The agreement, known as the
Kenyan lawmakers approved tax proposals in president Ruto’s first budget despite opposition. Measures include doubling VAT on gasoline and introducing a 1.5% housing levy for
Egypt’s central bank held its overnight deposit rate unchanged at an over five-year high of 18.25%, as anticipated, mainly driven by the escalating annual headline
Turkey’s central bank raised its benchmark one-week repo rate by 650 bps to 15.0%, elevating borrowing costs to their highest level since November 2021. This
Kyrgyzstan’s industrial output contracted 11.8% YoY in May, following a 4.2% fall in the previous month, marking the sharpest decline since June 2021. This decrease
At an FX auction organized by Azerbaijan’s central bank, demand for dollars totaling USD 20.5 mln from lenders was fully met. Demand decreased from USD
EU nations are likely to support a proposal for a EUR 50 bln financing package for Ukraine, according to EU Commissioner Valdis Dombrovskis. The funding
Russia has suddenly stopped publishing detailed data on budget spending amid the escalating costs related to the war. This absence of transparency is causing concerns
In the Philippines, the central bank has maintained its benchmark interest rate at 6.25% for the second consecutive meeting, aligning with market predictions. This decision
Indonesia’s central bank maintained its benchmark interest rate at 5.75% for the fifth month. The bank aims to keep inflation within its 2%-4% goal for
The IMF concluded the Article IV consultation with the Dominican Republic, highlighting the country’s impressive recovery from the pandemic. Economic activity expanded by 4.9% in
Brazil’s central bank maintained its key Selic rate at 13.75%. The bank’s MPC stressed patience but readiness to tighten monetary policy if disinflation stalls. It
Zambia has reached an agreement to restructure its USD 6.3 bln debt with bilateral lenders, a French official reported. This agreement was announced at a
The World Bank and Tunisia have signed a new five-year partnership agreement to support Tunisia’s development plan to expand its economy, create jobs, and boost
Senegal has secured a USD 2.7 bln financing package from the G7 nations to bolster its transition to clean energy. The agreement, known as the
Kenyan lawmakers approved tax proposals in president Ruto’s first budget despite opposition. Measures include doubling VAT on gasoline and introducing a 1.5% housing levy for
Egypt’s central bank held its overnight deposit rate unchanged at an over five-year high of 18.25%, as anticipated, mainly driven by the escalating annual headline
Turkey’s central bank raised its benchmark one-week repo rate by 650 bps to 15.0%, elevating borrowing costs to their highest level since November 2021. This
Kyrgyzstan’s industrial output contracted 11.8% YoY in May, following a 4.2% fall in the previous month, marking the sharpest decline since June 2021. This decrease
At an FX auction organized by Azerbaijan’s central bank, demand for dollars totaling USD 20.5 mln from lenders was fully met. Demand decreased from USD
EU nations are likely to support a proposal for a EUR 50 bln financing package for Ukraine, according to EU Commissioner Valdis Dombrovskis. The funding
Russia has suddenly stopped publishing detailed data on budget spending amid the escalating costs related to the war. This absence of transparency is causing concerns
In the Philippines, the central bank has maintained its benchmark interest rate at 6.25% for the second consecutive meeting, aligning with market predictions. This decision
Indonesia’s central bank maintained its benchmark interest rate at 5.75% for the fifth month. The bank aims to keep inflation within its 2%-4% goal for