Georgia
Nicaragua’s central bank announced that it will implement a fixed peg for the Nicaraguan cordoba (NIO) from 2024 onwards. Until that time, the current 1%
July 26, 2023
Nicaragua’s central bank announced that it will implement a fixed peg for the Nicaraguan cordoba (NIO) from 2024 onwards. Until that time, the current 1%
Jamaica’s central bank maintained its benchmark interest rate at 7% during its August meeting, marking the sixth consecutive hold. Despite a peak of 11.8% YoY
Argentina set the oil price for drillers at USD 56 per barrel, notably below global rates, to curb inflation following currency devaluation. Brent crude contrasts
Senegal’s inflation rate declined to a 1-1/2-year low of 5.7% YoY in July from 7.5% in the previous month. Prices eased across several categories, with
Following a USD 3 bln loan obtained by Nigeria’s state-owned energy company to bolster hard currency supply, the country’s USD bonds price surged. Bonds due
In light of offshore oil discoveries, Namibia is exploring private investors for a USD 2.1 bln port infrastructure project. With recent oil finds potentially holding
Mauritius’ trade deficit dropped to 13.9 bln rupees in June, a significant decline from 18.6 bln the prior year. Notably, mineral fuels and crude materials
Malawi’s inflation rate rose to 28.4% YoY in July from 27.3% in June. Notably, Food prices rose by 16% YoY. In response to these price
Kenya plans to source loans from the World Bank and Afreximbank to address its budget deficit, having lowered its domestic debt target. The World Bank’s
Egypt has reappointed Hassan Abdalla’s role as the acting central bank governor, albeit without offering a full term. Abdalla, having managed multiple devaluations, might face
Moody’s maintained Moldova’s credit rating at B3 but lowered the outlook from stable to negative. The agency noted that the repercussions on Moldova’s credit profile
Ukrainian president Zelensky vowed to avenge a Russian missile strike on Chernihiv, a city in northern Ukraine, which killed seven and injured 144 people. Mr.
The Philippines plans another resupply mission to the BRP Sierra Madre, a WWII-era ship at the Ayungin Shoal, central to a territorial dispute with China.
According to the latest macroeconomic update by Nepal’s central bank, the country is witnessing a steady economic recovery. Remittance inflows grew by 21.2% during FY22-23
Malaysia’s Q2 2023 GDP growth stood at 2.9%, below the expected 3.3% and a decline from Q1’s 2023 5.6%. That was the weakest growth since
China’s military announced combat readiness exercises around Taiwan as a warning against Taiwanese separatist forces and those collaborating with foreign entities. That follows the visit
On commodities, soybean prices have reached a two-week high due to hot US weather potentially affecting supply. The International Grains Council also slightly reduced its