Day: June 7, 2023

Georgia

Paraguay’s economy expanded by 5.2% YoY in Q1 2023, driven by growth in agriculture, meatpacking, and hydropower generation…

Brazil

The Brazilian real is trading near its highest level since May 2022, at around USD 4.8, bolstered by a series of interest rate hikes and

Zambia

Between 2023 and 2031, Zambia expects to save USD 5.8 bln in debt service thanks to its recent debt deal. Over this decade, the nation

Sierra Leone

Sierra Leone’s president, Julius Maada Bio, has secured a second term in office amidst an economic downturn. Bio won 56% of the votes, while his

Senegal

Senegal’s USD bonds saw a rally following the IMF’s approval of about USD 1.8 bln in loans to support the nation’s recovery and protect against

Ghana

In a recent by-election, Ghana’s opposition party, the National Democratic Congress (NDC), maintained its seat, leading to a hung parliament. This situation could potentially obstruct

Kazakhstan

Kazakhstan plans to increase its oil production by 7% to 90.5 mln tons this year. Officials expect a 1% increase in its gas output to

Ukraine

Ukrainian president Zelensky has reported that Ukrainian troops have made significant advancements “in all directions” across the frontline, even reclaiming territory held by Russia since

Ukraine

Morgan Stanley’s investment in Ukrainian GDP warrants, a result of the 2015 debt restructuring, has generated substantial returns over the past three months. Ukrainian assets,

Sri Lanka

The Sri Lankan cabinet has approved a USD 500 mln development policy loan agreement with the World Bank’s IDA in two tranches. Sri Lanka also

Malaysia

S&P has affirmed Malaysia’s rating at A- and its long-term local currency debt rating at A with a stable outlook. S&P believes that as Malaysia

India

India has reported a current account deficit of USD 1.3 bln for Q1 2023, equivalent to 0.2% of the GDP, the smallest in almost two

Bangladesh

Japan and Bangladesh have signed a USD 225 mln loan agreement as budgetary support for the latter’s economic recovery and to strengthen public financial management