The Dominican Republic
The Dominican Republic’s central bank held its benchmark interest rate at 7.75%, acknowledging international uncertainties and a domestic inflation rate within the target range of
July 6, 2023
The Dominican Republic’s central bank held its benchmark interest rate at 7.75%, acknowledging international uncertainties and a domestic inflation rate within the target range of
Colombia’s central bank held its benchmark interest rate at a 24-year high of 13.25%. Despite annual inflation in Colombia slowing to 12.13% in June, it’s
Zambia’s annual inflation rate rose to 10.3% in July from 9.8% in June, mainly due to rising food and transportation costs. That is the highest
Tunisia’s economy minister, Samir Saied, asserted that the agreement with the IMF remains pivotal. Without such an agreement or an alternative, Tunisia’s sovereign rating would
S&P upgraded the Republic of Congo’s long-term foreign currency debt rating (IDR) from CCC+ to B-. The upgrade reflects an improving reform momentum, increased oil
Nigeria’s central bank has decided to exempt mortgage banks and some microfinance lenders from cash withdrawal limits and penalties to stimulate credit access for lower-income
Morocco’s economy expanded by 1.3% in 2022, a slowdown from the 8% growth in 2021, mainly due to challenging global conditions and a particularly severe
The IMF has recognized the corrective actions taken by Malawi’s authorities to address a series of shocks. These measures could potentially pave the way for
Despite an increase in gasoline taxes that have raised transportation costs, Kenya’s inflation rate declined to 7.3% YoY in July, reaching the bank’s target range
According to Moody’s, four domestic banks in Ghana, including the foreign held First National Bank Ghana Ltd., may need to raise new equity to restore
Sales of rough diamonds by Botswana’s Debswana, a unit of De Beers, declined to 28.6 bln pula in the first half of 2023, compared to
Georgia has reported its H1 2023 GDP figures, showing a growth of 7.6%. Main contributions to this growth stem from the construction, retail, finance, and
Lithuania’s president has echoed warnings regarding the presence of Russian mercenaries from the Wagner group in neighboring Belarus, suggesting that they could conduct “various provocations”
Fitch upgraded Armenia’s sovereign credit rating to BB- from B+, with a stable outlook, mainly driven by a significant reduction in the country’s debt-to-GDP ratio,
Ukraine has received a grant of USD 1.25 bln from the US through the World Bank for budget support. That means that the total amount
Sri Lanka’s inflation rate fell for the tenth consecutive month to 6.3% in July, a decrease from 12% the previous month, primarily driven by food
Pakistan’s central bank held its benchmark interest rate at 22%, despite the IMF’s call for further tightening to alleviate price pressures. The country’s inflation, currently
India’s fiscal deficit grew to 4.51 tln rupees from April to June 2023-24, compared to 3.52 tln in the same period of the previous fiscal