Peru
Peruvian president Dina Boluarte announced initiatives to support the country’s SMEs. The government plans to spend nearly one billion Peruvian sol (USD 271 mln) in
August 14, 2023
Peruvian president Dina Boluarte announced initiatives to support the country’s SMEs. The government plans to spend nearly one billion Peruvian sol (USD 271 mln) in
Fitch warned that Colombia faces challenges in reducing its fiscal deficits, with the debt-to-GDP ratio expected to stabilize at around 55%. The agency anticipates weak
Vedanta Resources Ltd., owned by Indian billionaire Anil Agarwal, and ZCCM Investments Holdings Plc have settled their four-year legal battle over ownership of a Zambian
Tunisia’s inflation rose to 9.3% YoY in August 2023 after five consecutive months of decline. Notably, food prices rose by 15.2% in August, up from
South Africa is seeking proposals from private companies to help upgrade its six busiest land border posts, aiming to ease congestion and create over 38,000
Nigeria’s central bank (CBN) plans to address a USD 10 bln backlog in FX demands within two weeks. The acting governor, Ade Shonubi, stated that
Namibia’s central bank governor stated that the country’s emerging hydrogen industry has the potential to significantly boost the economy. By 2030, it could contribute USD
Gabon’s USD bonds due in 2031 took a hit following a credit risk assessment by Fitch. The bonds fell significantly, making them one of the
The IMF cut Angola’s economic growth outlook due to a decline in oil output. Originally expected to grow by 3.5% this year, the economy is
At the inaugural Africa Climate Summit, African leaders signed a declaration calling for debt relief and increased climate finance to boost electricity generation from renewable
Saudi Arabia and Iran have exchanged ambassadors, marking the end of a seven-year diplomatic rupture. The restored ties are largely attributed to Prince Mohammed’s economic
Azerbaijan’s central bank reported an increase in its FX reserves from USD 8.995 bln at the end of 2022 to USD 9.364 bln as of
Ukrainian president Zelensky announced that a market in Kostyantynivka, north of Donetsk, was shelled by Russian forces, resulting in at least 16 deaths and many
Russia’s central bank plans to offload 150 bln rubles (USD 1.5 bln) of FX in the domestic market to relieve pressure on the depreciating ruble.
Sri Lanka has made a second payment of USD 100 mln towards the USD 200 mln it borrowed from Bangladesh as part of a currency
Pakistan’s interim government plans to hold federal and provincial elections within four months amid public protests over rising living costs. Meanwhile, the current Caretaker PM,
Authorities in China and Japan are taking steps to defend their currencies against the rising USD, which could exacerbate inflationary pressures. The yen and yuan