Peru
Peru’s economy, which contracted in H1 2023, shows potential recovery signs, stated the nation’s finance chief. The country’s GDP decreased by 0.56% in June, marking
July 24, 2023
Peru’s economy, which contracted in H1 2023, shows potential recovery signs, stated the nation’s finance chief. The country’s GDP decreased by 0.56% in June, marking
BofA strategists predict the Argentina peso, currently the weakest global currency for the year, will face further devaluation, following the 18% devaluation this week. They
Uganda’s central bank lowered its key interest rate by 50 bps to 9.5%, marking the first cut in over two years. This decision comes in
The Nigerian naira surged in the parallel market following the central bank’s warning against currency speculation. The unofficial rate stood at 810 naira per USD,
Namibia’s central bank held its key lending rate at 7.75%, keeping borrowing costs at their highest level since April 2019. That follows a series of
Kenyan president Ruto announced that the government remains firm on its decision to abstain from fuel subsidies, which previously strained its finances. His statement comes
Acute hunger has escalated fourfold in West Africa since 2019, a consequence of Nigeria’s battle against jihadists, coupled with military coups in Burkina Faso and
Kazakhstan’s inflation rate continued to decelerate, falling to 14% YoY in July. Notably, food inflation experienced a significant drop, dwindling from its February high of
The Eurasian Development Bank (EDB) recently expressed its views on the continued strength of the Armenian dram, suggesting that it might compromise the competitiveness of
A cargo vessel recently departed from Odesa, a major Black Sea port in Ukraine, after being stranded there since the onset of Russia’s comprehensive invasion
The Russian ruble experienced significant fluctuations yesterday, drawing widespread attention from various markets.
Thailand’s central bank noted that the benchmark interest rate is nearing a level of balancing price stability and economic growth. Despite 175 bps of rate
Sri Lankan finance minister expects the country to receive about USD 330 mln from the IMF after the lender’s first review of a USD 3
Bhutan, Nepal, Myanmar, and Bangladesh can now engage in real-time electricity trade with India, according to the Central Electricity Authority (CEA)’s amended rules. This change
Myanmar’s central bank has officially introduced the Thai baht for international transactions, aiming to lessen the reliance on the USD after 2021’s coup-induced sanctions. The
The finance ministry of Laos is preparing to allow Russian tourists to use Mir cards within its territory, joining countries like Cuba, Venezuela, and Vietnam,
Indonesian officials postponed the launch of a USD 20 bln climate financing initiative with US president Biden. The funds, expected to be sourced equally from
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