Peru
Peru’s economy minister, Alex Contreras, anticipates a robust USD 52 bln in private investments for 2023. The government aims to boost this figure to USD
August 10, 2023
Peru’s economy minister, Alex Contreras, anticipates a robust USD 52 bln in private investments for 2023. The government aims to boost this figure to USD
Following discussions last week, Intel plans to invest USD 1.2 bln in Costa Rica over the next two years. The investment comes after a cooperative
Colombian finance minister Ricardo Bonilla urged the central bank to start cutting interest rates to promote economic recovery. Jonathan Malagon, head of the banking association,
In other news, the South African rand fell to its lowest level in more than two weeks, crossing 19 per USD. This drop is attributed
South African president Cyril Ramaphosa announced that a judicial probe found no evidence to support allegations that the country supplied weapons to Russia. The allegations
The IMF is not expected to conduct its first review of Egypt’s USD 3 bln bailout program this September as initially planned, according to an
The IMF projects that Botswana’s economic growth will slow to 3.8% this year, down from 5.8% last year and nearly 12% in 2021, mainly due
The UAE has committed USD 450 mln to the African Climate Markets Initiative, announced at the Africa Climate Summit in Nairobi, Kenya. The funding, provided
According to Moldovan president Sandu, an audit carried out by an international firm has disproved Russian gas giant Gazprom’s claim that the Moldovan government owes
Kazakhstan’s president Tokayev announced an ambitious three-year reform plan to foster inclusive economic growth. Key focus areas include energy self-sufficiency, privatization, and tax reform. Following
Oleksii Reznikov has officially resigned as Ukraine’s defense minister following president Zelensky’s announcement of his impending dismissal. Rostem Umerov, head of the state property fund,
Russian president Putin stated that Russia will not reinstate the UN-backed deal allowing Ukraine to export grain via the Black Sea unless obstacles to Russia’s
The Philippines’ central bank announced it will shift to a variable-rate auction format for its overnight reverse repurchase facility beginning September 8. This change aims
Pakistan’s interim PM Anwaar-ul-Haq Kakar expects USD 25 bln in investments from two Gulf nations in mines, minerals, agriculture, and technology sectors. These investments come
In response to India’s export curbs on rice, Malaysia’s agriculture and food security minister, Mohamad Sabu, announced a meeting with key stakeholders to discuss supply
Following commerce secretary Gina Raimondo’s visit to China to bolster ties, Chinese authorities criticized the Biden administration’s strategy toward Beijing as “doomed to fail.” While
A study by Barclays Plc warns that investors in sovereign bonds are underestimating the risk associated with countries’ failure to protect their natural capital, such