Day: June 22, 2023

Guatemala

Guatemala’s electoral authority confirmed the results of the recent presidential vote, despite claims of irregularities, setting the stage for a runoff between former first lady

Argentina

Argentina may cease purchasing natural gas from Bolivia’s YPFB starting in 2024, as Argentina expects to attain gas self-sufficiency next year, according to Argentina’s Ambassador

Tunisia

Tunisia’s trade deficit contracted over 26% YoY in H1 2023, decreasing to 8.69 bln dinars from 11.78 bln in H1 2022. Still, Tunisia’s economy continues

South Africa

The South African army has been deployed to assist police in safeguarding key transit routes following a series of attacks on trucks, which the government

Senegal

The IMF noted that Senegal’s growth outlook is robust, with the country’s growth rate projected to rebound to over 5.3% this year, up from 4.7%

Nigeria

Meanwhile, Nigeria has redeemed USD 500 mln of Eurobonds due on July 12. The dollar bond, issued in July 2013, was part of a dual-tranche

Nigeria

Following the devaluation of the naira last month, Nigeria’s central bank is now stepping in to prevent further local currency depreciation. On Wednesday, the naira

Ivory Coast

The AfDB has provided a EUR 400 mln partial credit guarantee to support Ivory Coast’s efforts to raise debt on international financial markets for strategic

Ghana

Ghana’s annual inflation rate rose for the second consecutive month, reaching 42.5% in June, significantly exceeding the central bank’s 6% to 10% target band, mainly

Serbia

Serbia’s spy chief, Aleksandar Vulin, a close associate of the president and the director of the security information agency, has been sanctioned by the US

Azerbaijan

In Azerbaijan, inflation fell to 10.6% YoY in June, a decrease of 0.9% from the previous month. President Aliyev predicts that inflation will dip below

Ukraine

The NATO conference has generated many headlines concerning Ukraine; the G7 has announced new security guarantees, including providing arms and training for Ukraine’s military over

India

India’s annual inflation rate rose for the first time in five months, hitting 4.81% in June from a revised 4.31% in May, surpassing market predictions

Philippines

Net FDIs in the Philippines fell by 14.1% YoY to USD 0.9 bln in April, mainly due to concerns over the global economic slowdown and

Pakistan

Pakistan has received final approval for an IMF USD 3 bln loan package. The fund’s executive board approved a nine-month stand-by arrangement to support the

Bangladesh

Bangladesh’s primary opposition group, the Bangladesh Nationalist Party, has initiated an anti-government protest demanding the resignation of PM Sheikh Hasina to ensure free and fair