Day: July 21, 2023

Georgia

Paraguay’s recently inaugurated president, Santiago Pena, confronts numerous challenges. His party’s support for Taiwan impedes grain exports to China, which views Taiwan as its province.

Colombia

The Colombian government and the National Liberation Army (ELN) guerrillas kickstarted a fresh round of peace talks in Venezuela, marking the fourth such discussion since

Nigeria

The Nigerian naira faces a challenge following the central bank’s acknowledgment of lower net FX reserves (USD 18 bln) than previously announced (USD 30 bln).

Kenya

Kenya’s debt surpassed the ten tln shilling mark, driven by a surge in new loans. The total debt stood at 10.19 tln shillings in June,

Botswana

Botswana’s annual inflation rate descended for the third consecutive month to 1.5% in July, marking its lowest since August 2020, primarily due to reduced transport

Algeria

Algeria aims to invest between USD 7-10 bln in a project focused on developing a vast mine with an eventual target production of 40 mln

Georgia

Emerging economies are witnessing a tense standoff between investors and policymakers. Despite attempts to counter periodic market selloffs with support measures, inflation, and currency risks

Kyrgyzstan

Remittance inflows to Kyrgyzstan witnessed a decline of approximately 29% during the first half of this year. The YoY figure for June even showed a

Belarus

In Belarus, amid an escalating crackdown on dissent, the supreme court has mandated the dissolution of the veteran opposition party, the United Civil Party. This

Russia

The Russian ruble experienced significant fluctuations yesterday, drawing widespread attention from various markets. As the ruble crossed the 100 per USD threshold, the Kremlin quickly

Sri Lanka

Sri Lanka’s manufacturing PMI for July dropped to 44.6 from 47.3 the previous month, marking its fourth month of contraction due to the ongoing economic

Indonesia

Indonesia’s trade surplus declined to USD 1.31 bln in July, down from USD 4.22 bln in the same month a year earlier, as exports decreased

China

China’s central bank lowered its one-year medium-term lending facility (MLF) rate by 15 bps to 2.50% to support the economy amid property crisis challenges and