Peru
Peruvian authorities are planning to maintain the presence of soldiers along a road used to transport minerals to prevent disruptions to some of the world’s
June 9, 2023
Peruvian authorities are planning to maintain the presence of soldiers along a road used to transport minerals to prevent disruptions to some of the world’s
Jamaica’s central bank held its benchmark interest rate steady at 7%, focusing on returning inflation to the target range of 4-6%. However, May’s inflation rate
Bolivia has signed USD 2.8 bln lithium deals with Chinese and Russian companies. President Luis Arce reported that the agreements with Russia’s Uranium One Group
Argentina’s central bank has permitted commercial banks to open customer accounts in yuan to counteract a severe shortage of USD reserves. That follows the securities
The annual inflation rate in Zambia slightly decreased to a four-month low of 9.8% in June, down from 9.9% the previous month. The slight slowdown
The African Union (AU) Transition Mission in Somalia (ATMIS) has completed the first phase of troop withdrawal from Somalia, handing over military bases in Mogadishu
The IMF’s executive board has concluded the fourth review under the ECF arrangement with DR Congo. This decision allows for an immediate disbursement of USD
According to Goldman Sachs, frontier nations like Egypt, Pakistan, Lebanon, Zimbabwe, Nigeria, and Angola should further devalue their currencies amid an erosion of FX reserves
Angola has secured USD 1.4 bln in loans, arranged by Standard Chartered Plc, to construct solar mini grids with battery storage in rural villages. This
The IMF has warned that Lebanon’s inflation could continue to soar, and public debt could reach nearly 550% of GDP by 2027 without significant reforms.
Moreover, the World Bank approved a USD 1.5 bln loan to Ukraine, guaranteed by the Japanese government. This loan aims to alleviate the impact of
The IMF has given final approval to disburse USD 890 mln to Ukraine, corresponding with the progress made by the country’s military in their counter-offensive.
The Russian economy grew by 5.4% YoY in May, the best performance since January 2022. GDP growth was mainly driven by manufacturing, wholesale trade, and
The World Bank expects Thailand’s economy to grow by 3.9% this year, an increase from the previous forecast of 3.6%, mainly driven by the growth
Pakistan has secured the IMF’s initial approval for a USD 3 bln loan program, reducing the risk of a sovereign default. Awaiting final approval by
According to the World Bank, Myanmar’s economic recovery continues to be hindered by a shortage of FX, import restrictions, and power outages. Many businesses are
The World Bank has approved a USD 1.14 bln project to expand access to cleaner electricity in Indonesia and improve childhood nutrition. The electricity project