Colombia
According to Colombia’s MPC July minutes, central bankers identified the ongoing El Nino weather phenomenon, rising fuel prices, and global uncertainty as risks to Colombian
June 16, 2023
According to Colombia’s MPC July minutes, central bankers identified the ongoing El Nino weather phenomenon, rising fuel prices, and global uncertainty as risks to Colombian
Argentine economy minister Sergio Massa is concurrently running for president and renegotiating a USD 44 bln deal with the IMF. A too-generous or too-strict aid
The World Bank has approved a USD 100 mln credit to boost Zambia’s nature-based economy and increase economic opportunities in its emerging tourism sector. In
In Uganda, the central bank has increased commercial banks’ minimum paid-up capital requirement by 25% to strengthen the financial system’s resilience to shocks and promote
Tunisia’s annual inflation rate fell for the fourth consecutive month to 9.3% in June, from 9.6% in the previous month, marking the softest reading since
The IMF will extend approximately USD 60.6 mln to Mozambique following the completion of a review of its ECF arrangement. Despite the country missing two
Kenya secured a USD 500 mln syndicated loan from a consortium of lenders, including Citibank, Standard Chartered, and the African Export-Import Bank, to fill a
Ivory Coast has increased its 2024 budget forecast by 21% to 14.08 tln CFA francs, up from the initial estimate of 11.6 tln, driven by
Amid heightening tensions with neighboring Kosovo, Serbian president Vucic announced that his government would likely ban the export of ammunition and weapons, citing the need
In Kyrgyzstan, several members of the primary opposition party have been arrested due to an attempted coup. According to the news, these members were “secretly
Ukraine’s President spent the day in Bulgaria as the nation’s new government seeks to bolster support for Ukraine. There has been substantial political unrest in
Russia’s central bank governor Elvira Nabiullina stated that the recent underperformance of the ruble is “largely determined” by trade dynamics. She reported that Russia’s current
Fitch downgraded Sri Lanka’s Long-Term Local-Currency (LTLC) IDR to C from CC, indicating the onset of a sovereign local-currency debt restructuring process after parliament approved
The unemployment rate in the Philippines fell to 4.3% in May from 6.0% in the same month the previous year, the lowest level since December
Malaysia’s central bank held its benchmark interest rate steady at 3% in July, following a 25 bps rate increase in May, stating that the monetary
The Asian Clearing Union (ACU), which includes central banks from South Asian countries and Iran and Myanmar, plans to shift towards local currency settlement, including
Bangladesh’s annual inflation rate slightly eased to 9.74% in June but stayed near an over eleven-year high of 9.94% in the previous month, with food
Crude oil prices hovered around USD 72 per barrel on Friday, set for weekly gains as tighter global supplies counter concerns of higher interest rates