Georgia
China and Nicaragua signed a Free Trade Agreement (FTA). According to China’s Ministry of Commerce, the deal aims for a high-level mutual opening in cargo
August 7, 2023
China and Nicaragua signed a Free Trade Agreement (FTA). According to China’s Ministry of Commerce, the deal aims for a high-level mutual opening in cargo
The IMF has approved a Staff Monitored Program (SMP) for Haiti, a country facing severe macroeconomic and humanitarian challenges, including the impact of Russia’s invasion
Guatemala’s government is increasingly turning to “debt replacement” loans, expecting approval for USD 550 mln this year to replace existing debt, among other uses. The
Tunisia is facing rising economic challenges, including soaring public debt (80% of GDP) and a budget deficit. President Saied’s refusal to implement IMF-defined measures like
Nigeria’s largest miller, Four Mills, reported its first loss in about four years, primarily due to the depreciation of the Nigerian naira, which increased the
Meanwhile, Kenya Airways is trying to mitigate the negative impact of the Kenyan shilling’s depreciation against the USD by converting its foreign-denominated debt into local
According to BofA, Kenya seems poised to avoid defaulting on its debt in the next 12-18 months due to access to external financing. The IMF
Ghana has taken a significant step toward meeting its IMF bailout obligations by agreeing to terms for a debt swap deal of about USD 4
A military coup has taken place in Gabon, an OPEC member, following disputed presidential elections. If the coup holds in the former French colony, it
Japan has entered into agreements with several African countries, including Angola, DR Congo, Madagascar, Malawi, and Zambia, to explore and extract critical minerals, and are
China is negotiating with Iraq to establish ten new power stations in the central and southern parts of the country. More than 20 Chinese companies
Kyrgyzstan’s central bank held its benchmark interest rate at 13.0%, the same level since November 2022. The bank commented on the downward trend of inflation,
Azerbaijan’s finance ministry noted that the government will increase the cap on its public debt for 2022-2025 from 20 to 30% of GDP. The limit
Russia accused Ukraine of launching strikes on targets in six Russian regions. Ukrainian drones reportedly struck an airport in the western city of Pskov in
Thailand’s newly appointed PM, Srettha Thavisin, announced that his yet-to-be-formed cabinet would seek to reduce electricity and diesel prices to ease the cost of living
India lodged a diplomatic protest with China over the latter’s release of an official map claiming territory in the Indian state of Arunachal Pradesh and
Bangladesh’s cabinet has approved the New Development Bank (NDB) Act, thus making it easier for the country to receive funds from the BRICS lending arm.