Peru
Peru’s finance minister, Alex Contreras, indicated that preliminary data suggest the country’s economy contracted in June, marking two consecutive quarters of negative growth, typically defined
July 10, 2023
Peru’s finance minister, Alex Contreras, indicated that preliminary data suggest the country’s economy contracted in June, marking two consecutive quarters of negative growth, typically defined
Brazil’s central bank reduced its key Selic rate by 50 bps to 13.25%, diverging from market predictions of a 25 bps cut. Despite a slowdown
Uganda’s headline inflation rate fell to a 15-month low of 3.9%, down from 4.9% in June, marking its sixth month of easing, mainly driven by
Tunisian president Kais Saied unexpectedly replaced his PM of nearly two years, Najla Bouden, with a relatively unknown figure, Ahmed Hachani. The sudden change adds
The EU has committed to disburse EUR 430 mln to support the Mozambican state budget next year and provide continuous support to manage humanitarian crises
Moody’s lowered the long-term ratings of three top Kenyan banks – Equity Bank, Co-operative Bank, and KCB Bank – due to their significant exposure to
Uzbekistan also observed a continued slowdown in inflation in July, with the CPI increasing by only 0.16% MoM, reducing annual inflation to 8.94% YoY from
The US has delivered military aid to Moldova as a part of the country’s ongoing military modernization process. Over the past 31 years, the US
Kazakhstan’s annual inflation rate fell to 14% YoY in July, with the CPI rising by only 0.6% MoM, primarily due to a significant base effect
Georgia’s central bank cut its interest rates by 25 bps to 10.25%. In recent months, inflation has been showing signs of a slowdown, with June
Ukraine’s economy ministry maintained a conservative growth forecast of 2.8% for 2023, despite the potential for real GDP growth of up to 5%. The head
Russian drones have inflicted damage on a Ukrainian port in Izmail, a city on the Danube River near Romania’s border. In July, Russia rescinded an
Thailand’s central bank raised its key interest rate by 25 bps to 2.25%, the highest level since early 2014, to maintain policy space amidst an
Nearly all holders of Sri Lanka’s development bonds have participated in an exchange of the defaulted debt for new treasury bonds as a component of
Pakistan’s parliament has approved the creation of a USD 8 bln sovereign wealth fund. Authorities anticipate about half of its maturing debt, equivalent to USD
Laos’ inflation cooled slightly to 27.8% YoY in July from 28.64% in June, mainly driven by a rise in food prices (37.8% YoY). The depreciation