Day: June 5, 2023

Georgia

Paraguay’s central bank maintained its policy rate steady at 8.5% for the ninth consecutive session during its June meeting. Despite the slowing of annual inflation

Argentina

Argentina’s economy minister Sergio Massa will run for president as the sole candidate of the ruling coalition, Union por la Patria. The decision follows the

Zambia

The Zambian kwacha reached its highest level since November 2022, touching 17 per USD after lenders, including China, agreed to restructure USD 6.3 bln in

Tunisia

Tunisian president Kais Saied expressed opposition to the IMF’s proposed financial support due to concerns over civil peace during a rare meeting with IMF managing

Mauritius

Mauritius saw a marginal increase in industrial production by 0.2% from the previous year in the first quarter of 2023, following a revised 9.2% rise

Egypt

Despite a rise in inflation, Egypt’s central bank has opted to maintain interest rates for a second consecutive month. The MPC kept the deposit rate

Angola

Fitch revised the Outlook on Angola’s rating to Stable from Positive while affirming the IDR at B-. The revised outlook reflects weaker economic growth prospects,

Turkish

Turkish president Erdogan and Israeli PM Netanyahu are set to meet as early as next month to improve the strained relations between their countries. After

Serbia

In Serbia, the army’s chief of staff, General Mojsilovic, has threatened armed intervention in Kosovo, citing threats to the Serb minority from the ethnic Albanian

Azerbaijan

Azerbaijan and Kazakhstan aim to increase their annual mutual trade to USD 1 bln. In 2022, the bilateral trade between these two countries rose by

Russia

Yevgeny Prigozhin, the leader of the Wagner mercenary group and a former ally of Russian president Vladimir Putin, has halted his advancement towards Moscow and

Pakistan

Pakistan has agreed to implement changes in its upcoming budget to address concerns from the IMF about its tax system. These changes, including new taxes

Malaysia

Malaysia’s annual inflation rate has eased to its lowest level in a year, offering relief to central bank policymakers who unexpectedly increased policy rates last

India

India’s opposition parties are banding together in an attempt to defeat PM Narendra Modi in the general elections slated for less than a year away.