Georgia
Paraguay’s central bank lowered its key interest rate by 25 bps to 8.25%, ending a ten-month pause. Annual inflation dropped to a two-year low of
July 31, 2023
Paraguay’s central bank lowered its key interest rate by 25 bps to 8.25%, ending a ten-month pause. Annual inflation dropped to a two-year low of
During the recent BRICS Summit, Brazil’s development bank, BNDES, secured a USD 500 mln loan from the China Development Bank. The loan, maturing in three
Zambia’s central bank raised its key interest rate by 50 bps to 10%, marking the third consecutive rate hike this year, as the headline inflation
Ugandan lawmakers plan to authorize a USD 518 mln loan from the IDA for urban development projects. The loan includes a USD 48 mln grant
South Africa’s inflation rate declined to 4.7% YoY in July from 5.4% in June, giving the central bank leeway to maintain current interest rates. The
Nigeria’s stock exchange is exploring the possibility of listing USD-denominated bonds and potentially stocks to facilitate foreign currency access for local companies. This initiative is
Cote d’Ivoire’s annual inflation rate increased to 4.6% in July from 4.1%, mainly due to rising food and transportation prices. Consumer prices rose by 0.4%
The New Development Bank (NDB), founded by the BRICS nations, aims to raise the share of local currency funding to 30%, up from under 20%.
Serbia signaled a swing away from Russia as it announced on Wednesday that it joined a Ukraine-led platform on the reintegration of Crimea. The move
Kazakhstan’s energy ministry has announced it will proceed with arbitration in a USD 13 bln dispute involving its partners in the Kashagan oil venture, which
Dmitry Medvedev, the deputy chair of the Kremlin’s security council, warned that Moscow might annex the Russian-backed breakaway regions of South Ossetia and Abkhazia in
A Ukrainian drone attack reportedly resulted in the death of three civilians in Belgorod, a Russian region bordering Ukraine. Russia’s defense ministry also claimed to
Vietnam’s PM instructed the central bank to revise lending regulations to make loans more accessible for businesses, underscoring the ongoing focus on balancing economic growth
Following the appointment of a new PM, Thailand anticipates a return of international funds to its equity and currency markets. Nearly USD 4 bln was
Sri Lanka’s central bank held its benchmark interest rate at 11%, following a previous cut of 450 bps. Annual headline inflation fell for the tenth
According to Nepal’s central bank, lending by banks and financial institutions to the private sector grew by only 3.8% in FY22, a sharp drop from
India’s central bank is reportedly encouraging domestic banks to use the dirham (AED) or the Indian rupee (INR) for trade settlements with the UAE to
Crude oil prices slid below USD 79/barrel for the fourth consecutive session due to weaker-than-expected business activity in major economies. On the supply side, Iran