Day: July 4, 2023

Guatemala

Guatemala’s constitutional court rejected an injunction filed by the electoral authority against seven government officials. The officials were accused of undermining the presidential vote, posing

Peru

Emerging-market bond bulls are wagering that the impending cessation of central bank interest-rate hikes will boost the asset class. However, the El Niño weather pattern

Georgia

Argentine economy minister Sergio Massa declared the IMF’s expected fund disbursement to the government in August and November, following a staff-level agreement on a USD

South Africa

Meanwhile, South Africa’s Eskom Holdings ramped up scheduled power outages due to service return delays and breakdowns at five plants, leading to 5,000 megawatts being

Ghana

Ghana’s central bank raised its benchmark interest rate by 50 bps to 30%, exceeding market predictions and bringing borrowing costs to their highest level since

Mozambique

According to the AfDB, Mozambique and Madagascar are poised to lead economic growth among Southern African nations in 2023 and 2024. While the region’s average

Ethiopia

The World Bank’s IDA has approved a USD 730 mln grant to improve the Addis Ababa-Djibouti corridor, a crucial trade route for the Ethiopian economy.

Africa

Russia’s deputy foreign minister has reassured African nations that its decision to withdraw from the Ukrainian grain deal will not negatively impact them. Russia has

Iraq

Iraq renewed its agreement to supply Lebanon with up to 2 mln tons of crude oil annually. Both countries have signed an MOU regarding Iraq’s

Uzbekistan

A series of data released from Uzbekistan showed that natural gas output decreased by 9.6% YoY in H1 2023, while electricity output increased by 4.3%

Belarus

During a meeting with president Putin in Saint Petersburg, Belarusian president Lukashenko mentioned he is struggling to restrain Wagner mercenaries from attacking Poland. Furthermore, Mr.

Russia

Russia launched an attack on one of Ukraine’s largest Danube River ports using drones, intensifying the pressure on Ukraine’s final major grain export route and

Thailand

Thailand’s central bank warned that the corporate bond market faces increased risk due to a rise in corporate bond defaults and more rating and outlook

Sri Lanka

Sri Lanka’s rupee, after being Asia’s best-performing currency in H1 2023, has now become the worst-performing, declining over 6% this month. The rupee’s volatility is

Malaysia

Malaysian PM Anwar Ibrahim is offering a special 10-year pass, a bypass for an employment visa, to strategic investors who invest at least five bln