Day: June 8, 2023

Georgia

Paraguay has issued USD 500 mln in global bonds due in 2033 at a 5.85% interest rate. Initially planned for January but postponed due to

Guatemala

Guatemala’s central bank maintained its key interest rate at 5.0% for the third consecutive month, following total rate hikes of 325 bps since April 2022.

South Africa

The South African rand has been trading around 18.7 per USD, its weakest level since June 9th, due to a stronger USD and heightened geopolitical

Ghana

Ghanaian officials reached a deal with banks to restructure 15 bln cedis of locally issued dollar bonds and cocoa bills. That will involve converting 6.9

Uganda

Meanwhile, the IMF has recently expressed concern over Africa’s rising debt. According to a recent IMF report, up to 22 African countries are either in

Africa

Africa’s total external debt reached the USD 1 tln mark in 2022 and is predicted to increase to USD 1.13 tln by the end of

Uzbekistan

Early presidential voting began in Uzbekistan on Wednesday, ahead of the official July 9 election. In April, a national referendum took place in which a

Azerbaijan

Recent conflict in the disputed Nagorno-Karabakh region led to the unfortunate death of at least four soldiers and one wounded, coinciding with peace negotiations in

Russia

During a late-night national address, president Putin labeled the leaders of the Wagner mercenary group as traitors to Russia. Putin’s address followed Wagner group leader

Vietnam

Vietnam’s annual inflation rate cooled to 2% in June, the lowest reading since February 2022, primarily due to a slowdown in food and transportation prices.

Thailand

Political uncertainty in Thailand sparked a sell-off in the Thai baht and assets, with the nation’s currency and the stock market both taking a hit.

Sri Lanka

Sri Lanka is nearing the finalization of its debt restructuring plan. In a special meeting, the cabinet unanimously approved a framework for domestic debt revamp,

China

S&P affirmed China’s rating at A+ with a stable outlook, indicating that China is expected to maintain above-average growth over the next two years. However,