Colombia
Colombia’s finance ministry has announced a general budget for 2024 totaling 502.6 tln pesos (about USD 128.4 bln), representing 29.6% of the nation’s GDP. The
July 5, 2023
Colombia’s finance ministry has announced a general budget for 2024 totaling 502.6 tln pesos (about USD 128.4 bln), representing 29.6% of the nation’s GDP. The
Bolivia’s central bank has repaid USD 772 mln this year towards external debt, accounting for 53% of the year’s scheduled debt service payments, including a
The IMF reached a staff-level agreement to release USD 7.5 bln to Argentina as part of the USD 44 bln EFF signed in March 2022.
The Economist Intelligence Unit (EIU) anticipates further depreciation of Nigeria’s naira, potentially falling to 1,018 per USD by 2027 due to persistent high and rising
The US has threatened to freeze economic and security assistance to Niger following a military coup that ousted president Mohamed Bazoum. The US, EU, and
Fitch affirmed Morocco’s rating at BB+ with a Stable Outlook, citing a resilient institutional framework and sound macroeconomic policies. In 2022, Morocco’s economic growth slowed
Moody’s lowered Kenya’s credit outlook to negative, citing high debt payments and limited access to external financing. However, Kenya’s debt rating was affirmed at B3,
Fitch affirmed Ghana’s rating at RD. In February, the agency downgraded Ghana’s rating to RD from C due to a missed Eurobond coupon payment. However,
The Arab Monetary Fund will provide a USD 616 mln loan to Egypt to improve the efficiency of its financial and banking sectors. That includes
The Russian consulate in Moldova’s capital will cease operations starting August 15, following the Moldovan government’s demand that Russia reduces its staff by two-thirds, aligning
According to Hungary’s minister of foreign affairs, SOCAR, the State Oil Company of Azerbaijan, has begun storing gas in Hungarian gas storage facilities. Earlier in
On Friday, Ukraine’s Naftogaz secured investors’ consent to restructure its Eurobonds due in July 2022 and November 2026. According to Naftogaz’s CEO, this restructuring will
Russia’s defense ministry has reported that three Ukrainian drones were shot down during an attack on Moscow, which briefly shut down one of the city’s
Vietnam’s trade surplus rose sharply to USD 2.15 bln in July from 0.08 bln in the same month of the previous year. Notably, imports fell
Indian bonds faced their toughest week in over five months amid a worldwide bond selloff prompted by a shift in the Bank of Japan’s yield
The IMF noted that China’s post-pandemic recovery has softened. India remains the fastest-growing large economy with a 6.1% expansion this year, up 0.2 pp from