Peru
As of August 2, Peru’s international reserves surged to USD 74.23 bln, making up 29% of its GDP, with a significant portion allocated to FX
July 14, 2023
As of August 2, Peru’s international reserves surged to USD 74.23 bln, making up 29% of its GDP, with a significant portion allocated to FX
Colombia’s annual inflation rate declined for the fourth month in a row, reaching 11.78% in July 2023, a slight decline from the 12.13% of the
In the first half of 2023, Latin America’s fiscal balances displayed signs of weakening, a shift from the positive fiscal trends observed in the years
Nigeria’s Lagos is eyeing a USD 10 bln private investment to extend electricity to nearly five million households by 2032. Additionally, the city’s mass transit
Tobacco sales in Malawi, a main contributor to its foreign exchange, rose to USD 282 mln this season, compared to last year’s USD 182 mln.
Madagascar’s central bank has raised its key interest rate by 50 bps, settling it at 11%, as the country grapples with high inflation rates. Although
Egypt’s natural gas output hit a three-year low in the initial five months of 2023, prompting concerns about the nation’s ambition to establish itself as
To break it down, seven of these actions directly downgraded the nations, while the rest shifted to a more negative outlook. Notably, both Kenya and
The African Union (AU) is weighing the prospect of creating a Pan-African credit rating agency, aiming to provide alternative credit evaluations distinct from those offered
Ukraine’s agricultural sector experienced a significant downturn in July 2023, recording its lowest levels in a year. Export quantities plummeted to a mere 3.39 mln
Russia registered a budget deficit of 2.817 tln rubles for the first seven months of 2023, marking a significant contrast to the 557 bln surplus
Laos registered a trade deficit of USD 166 mln in July, a USD 40 mln increase compared to June. China remains Laos’s top export destination,
China’s trade declined in July, as overseas shipments dropped by 14.5% compared to the previous year, the largest dip since February 2020. Imports also fell,