Day: July 17, 2023

Peru

Peru’s economy minister underscored an encouraging outlook for businesses within the forthcoming six to 12 months, suggesting a steady recovery of the national economy from

Georgia

Paraguay’s policymakers are considering potential interest rate reductions for this year amid declining consumer prices and reduced inflationary pressures. The annual inflation fell below the

Uganda

The World Bank has halted new loans to Uganda following the nation’s enactment of an anti-gay bill earlier this year. This bill, backed by many

Georgia

EU nations are preparing to sanction Niger’s junta members after they seized power last month. Niger’s military leaders have rebuffed diplomatic mediation attempts. Neighboring countries

Mozambique

Officials announced that Mozambique has nearly depleted its budgeted domestic borrowing, reaching 99.8% of the set limit. Following extreme weather and ongoing insurgency, which has

Ghana

Ghana’s inflation rate climbed to a four-month peak due to food costs, with annual inflation rising to 43.1% in July. The central bank, having previously

Serbia

Serbia announced a EUR 12 bln investment plan for infrastructure upgrades ahead of Specialized Expo 2027. The nation’s capital, Belgrade, successfully bid against five other

Moldova

Moldova’s central bank held its key interest rate at 6%, following a 400 bps cut in June. After reaching an inflation high of 34.6% in

Kazakhstan

Kazakhstan’s authorities are contemplating the implementation of a temporary six-month ban on the exports of LPG. This decision primarily aims to bolster the domestic LPG

Albania

Albania’s annual inflation rate dipped to 4.2% in July 2023, down from 4.5% in June, the lowest figure since February 2021, attributed mainly to a

Russia

The yield on Russia’s 10-year OFZ bond surged to 11.65% in August, continuing its 17-month high due to concerns over fiscal imbalances and the central

Sri Lanka

Sri Lanka’s central bank has reduced the statutory reserve requirement for commercial banks by 200 bps to 2%, releasing 200 bln rupees (USD 2.4 bln)

Pakistan

Former Pakistan PM, Imran Khan, imprisoned on corruption charges, has claimed that he’s been placed in a terrorist-designated cell. His petition to the High Court

Malaysia

The Malaysian ringgit is currently enjoying favorable market sentiment. This positive perspective is substantiated by the pronounced foreign interest in Malaysia’s internal financial markets, as

Asia

Rice prices in Asia have surged to a 15-year high, reaching USD 648 a ton, due to concerns about global supplies. The approaching El Niño

Nigeria

Crude oil prices hovered above USD 84 per barrel, nearing a nine-month peak due to concerns about production reductions from Saudi Arabia and Russia. After