Peru
Citigroup acquired a stake in Peruvian FX fintech startup Rextie, though specifics of the deal remain undisclosed. Founded in 2016, Rextie has processed USD 4.5
August 1, 2023
Citigroup acquired a stake in Peruvian FX fintech startup Rextie, though specifics of the deal remain undisclosed. Founded in 2016, Rextie has processed USD 4.5
Jamaica’s central bank governor, Richard Byles, noted the bank sold around USD 585 mln through its Foreign Exchange Intervention Trading Tool (B-FXITT) in 2023 to
US president Biden will meet Costa Rican president Chaves to strengthen diplomatic relations and discuss mutual challenges such as mass migration from LATAM. The meeting
Brazil plans to issue its first-ever sustainable sovereign bonds in September, with an expected value of around USD 2 bln. These bonds are designated primarily
Yields on Ugandan-shilling bonds have soared over 100 bps following tensions with the World Bank. Still, Absa Bank noted that as the central bank reduces
For the first time in two years, Nigeria has released unemployment data. According to the revised methodology, the unemployment rate significantly fell to 4.1% in
Ethiopia is nearing a financial arrangement with the IMF following consultations on the second phase of the home-grown economic reforms agenda. The IMF had previously
The BRICS nations have decided to expand their bloc, inviting Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the UAE. Chinese president Jinping and Indian PM
Botswana’s central bank held its key interest rate at 2.65%, following an inflation dip below its targeted range. Central bank governor Moses Pelaelo forecasts sub-3%
Belarus plans to host joint military exercises with Russia called “Combat Brotherhood-2023” from September 1st to 6th. The drills will involve troops from CSTO (Collective
Albanian PM Edi Rama has formally announced the discovery of oil reserves in the Shpirag region. The oil is said to be of “the highest
Ukraine’s finance ministry is actively seeking guaranteed international financing to cover its 2024 state budget deficit. Since the crisis started in 2022, the country has
Russian aviation officials said that Yevgeny Prigozhin, head of the mercenary Wagner Group, was one of ten passengers killed when a private jet crashed near
Vietnam’s central bank is easing lending regulations to revitalize the struggling property sector and overall economy, as directed by the PM, amid fears that the
Sri Lanka’s central bank governor cautioned that the ongoing domestic debt restructuring is the primary concern for external creditors. He emphasized that the country must
The Pakistani rupee has hit a record low against the USD, breaching the 300-rupee mark. Analysts attribute this to the IMF’s policies that limit governmental
Indonesia’s central bank held its benchmark interest rate at 5.75% for the seventh consecutive month, aligning with market forecasts. The bank emphasized its strategy to
During this week’s BRICS Summit, Chinese president Jinping announced that China will soon initiate a USD 10 bln Global Development Initiative fund. He urged the
Recent PMI readings from the eurozone have led money markets to assign a 50-50 chance for a 25 bps rate hike by the ECB by