Peru
Peru’s trade surplus expanded to USD 1.399 bln in June from USD 981.6 mln in June 2022. Exports decreased by 8.2% YoY, influenced by a
July 19, 2023
Peru’s trade surplus expanded to USD 1.399 bln in June from USD 981.6 mln in June 2022. Exports decreased by 8.2% YoY, influenced by a
The Dominican Republic’s annual inflation rate decreased marginally to 3.95% in July 2023, the lowest since June 2020, compared to 4% in June 2023, primarily
Brazil witnessed a sharp rise in its annual inflation rate, reaching 3.99% in July from a near three-year low of 3.16% the prior month, surpassing
Moody’s raised Zambia’s local-currency long-term issuer rating from Ca to Caa3, with a stable outlook. That was driven by an agreement on a comprehensive debt
South African and Chinese companies finalized trade deals worth USD 2.19 bln during a visit by China’s commerce minister, Wang Wentao. South Africa’s trade with
Nigeria’s central bank revealed significant dollar deals with JP Morgan (USD 7 bln in 2021) and Goldman Sachs (USD 500 mln). However, the bank exceeded
Fitch affirmed Mozambique’s sovereign rating at CCC+ but withdrew the CCC+ long-term local-currency IDR. While there are concerns like elevated debt, fiscal deficits, and a
Goldman Sachs has lauded the changes made by Kenya’s central bank to its monetary policy as “credit positive.” This new policy should boost foreign investment
Ethiopia’s central bank raised the rate for commercial banks to access emergency credit from 16% to 18%. The bank aims to reduce inflation to below
Serbia’s inflation rate declined to 12.5% YoY in July, down from 13.7% in June. The slowdown in inflation surpassed economists’ expectations and brings into focus
Armenia has formally requested the UN Security Council to convene an emergency session addressing the worsening humanitarian crisis in Azerbaijan’s largely Armenian-inhabited separatist region of
Russia’s central bank has communicated that the depreciation of the ruble does not pose any risks to the nation’s financial stability. In related developments, Russian
Sri Lanka is preparing legislation for a bond swap program for pension funds. The deadline for switching defaulted treasury bonds has been extended to August
Indian buyers, significant consumers of Urals crude, especially post the Ukraine invasion, have no intentions of moving away from Russian oil, even as the discount
China’s economy is exhibiting minimal signs of recovery, with challenges in the property sector and looming deflation adversely affecting growth prospects. Upcoming official data is