Jamaica
Jamaica’s economy registered a 4.2% YoY increase in Q1 2023, continuing an eight-quarter growth trend. This improvement, compared to a 3.8% growth in the previous
June 12, 2023
Jamaica’s economy registered a 4.2% YoY increase in Q1 2023, continuing an eight-quarter growth trend. This improvement, compared to a 3.8% growth in the previous
Colombia’s central bank held its benchmark interest rate steady at 13.25%, as was widely anticipated. That follows a 25 bps increase in the previous meeting
Argentina met two payment obligations to the IMF before the due date on Friday, as negotiations for a new staff-level agreement will continue in Washington
Uganda’s economy expanded by 4.9% YoY in Q1 2023, marking the ninth straight quarter of growth, with this expansion primarily driven by the agricultural sector,
South African president Cyril Ramaphosa has approved a 3% increase in the salaries of all public office bearers. That comes at a time when South
Mauritius’ economy grew by 5.6% YoY in Q1 2023, marking the eighth consecutive quarter of economic expansion, albeit at the slowest rate since Q3 2021.
Mali’s military leader, Assimi Goita, has appointed Amadou Keita as the new minister of mines in a government reshuffle. The move follows a series of
Kenya plans to buy back Eurobond coupons at an 11.0% interest rate to acquire half of the USD 2 bln sovereign debt by the end
African nations, such as Egypt, Nigeria, and Kenya, are struggling to secure hard currencies for imports and foreign investor payments, inadvertently falling prey to the
Uzbekistan’s inflation rate dropped to 9.4% YoY in June, a decrease from the 12% recorded in the same period the previous year. Given this decrease,
Ukraine and Moldova have opened a new entry route for the latter to import natural gas from the former, thereby expanding Moldova’s ability to store
Georgia’s President has called for stricter oversight of Russian investors amidst the recently imposed sanctions. In 2022, over 62,000 Russians entered Georgia, and it appears
In military-related developments, intelligence reports indicate a mass regrouping of Wagner mercenaries in Belarus. Separately, increasing tensions have prompted Russian diplomats to vacate Romania, following
Spanish PM Pedro Sanchez visited Ukraine over the weekend to emphasize the European Union’s unwavering support for the nation. As Spain holds the EU presidency,
Sri Lanka’s annual inflation rate decreased to 12.0% in June, down from 25.2% in the previous month, marking the lowest inflation rate since November 2021.
Pakistan has achieved temporary relief from a potential debt default following a draft agreement with the IMF, but political stability will be crucial for the
Indonesia’s annual inflation rate fell to a 14-month low of 3.52% in June, down from 4% in May, mainly driven by the slowest rise in
China’s central bank has pledged to increase efforts to stabilize the national currency following a drop toward its lowest level in 15 years, amid worries