Guatemala
Guatemala’s recent presidential election has faced allegations of fraud from the party of the losing candidate, Sandra Torres. The situation has been tense, with the
August 2, 2023
Guatemala’s recent presidential election has faced allegations of fraud from the party of the losing candidate, Sandra Torres. The situation has been tense, with the
The Colombian banking association Asobancaria has urged the country’s central bank to take measures to address liquidity challenges. Some of the proposals include reducing mandatory
Brazil’s Central Bank President praised the government’s efforts to shore up fiscal accounts and emphasized the importance of sustainable tax initiatives. The country needs to
Nigeria’s economy grew by 2.51% YoY in Q2 2023, outperforming market expectations and improving over the Q1 growth of 2.31%. That marks the 11th quarter
Niger’s military leadership has expelled the French ambassador amid ongoing talks to restore democracy. Although the expulsion orders were initially issued for ambassadors from the
Meanwhile, Kenya Power is seeking to convert around 30% of its USD-denominated debt to the Kenyan shilling to mitigate the effects of local currency depreciation.
S&P has maintained Kenya’s B credit rating with a negative outlook, citing challenges in debt-refinancing due to difficult conditions for international Eurobond issuance. However, the
Egypt, Ethiopia, and Sudan have resumed negotiations over the Grand Ethiopian Renaissance Dam on the Blue Nile. Both nations aim to reach an agreement within
Fitch maintained Uzbekistan’s BB- rating with a stable outlook, citing robust external finances and low debt levels. However, Fitch expressed concern about high inflation rates,
In Montenegro, Spajic, the leader of the Europe Now (PES) party, announced progress in forming a coalition government that excludes pro-Serbian and pro-Russian parties. That
Kazakhstan’s central bank has initiated a rate-cutting cycle by cautiously reducing its benchmark interest rate by 25 bps to 16.50%. This move is consistent with
S&P raised Armenia’s rating to BB- from B+ with a stable outlook, driven by the country’s improved GDP per capita and fiscal performance. That reflects
Ukrainian ambassador to Moldova stated that Russian gas transit via Ukraine may continue in 2024 only under an agreement with importers, suggesting that his country
The central banks of Vietnam and five other Southeast Asian countries—Indonesia, Thailand, Malaysia, Singapore, and the Philippines—have announced an initiative to establish cross-border payment mechanisms
Malaysia’s annual inflation rate eased to 2% in July, nearly meeting market expectations and marking the lowest rate since August 2021, mainly due to a
Indonesia’s central bank plans to issue new rupiah securities known as SRBI to replace its existing reverse repurchase facility and “Operation Twist” bond sales to
Standard Chartered analysts believe China’s yuan currency has reached its lowest point and is likely to recover. Despite Beijing’s loose monetary policy, analysts expect the
China’s industrial profits decline eased to 6.7% YoY in July, compared to an 8.3% drop in June. For the first seven months of 2023, profits
Afghanistan’s central bank has auctioned off USD 14 mln to stabilize the rapidly depreciating Afghani currency. Over the last month, the bank has injected millions