Day: August 23, 2023

Peru

Peru’s Private Investment Promotion Agency (Proinversion) plans to award two port projects worth USD 600 mln. One is a USD 400 mln New San Juan

The Dominican Republic

The Dominican Republic’s central bank reported a 3.9% growth in remittances in the first eight months of 2023 compared to the same period a year

Argentina

Economists in Argentina have criticized a proposal by presidential candidate Javier Milei to dollarize the nation’s economy. Experts warned that the plan is unrealistic given

Tunisia

Tunisian president Kais Saied has called for a review of laws to allow the central bank to directly finance the government budget by purchasing state

Africa

Manufacturing production in South Africa increased by 2.3% YoY in July, missing market expectations of a 4.4% increase. That follows a revised 5.5% increase in

South Africa

Manufacturing production in South Africa increased by 2.3% YoY in July, missing market expectations of a 4.4% increase. That follows a revised 5.5% increase in

Sierra Leone

Sierra Leone’s capital is facing power outages after Turkey’s Karpowership halted its electricity supply due to an unpaid debt of about USD 40 mln. Energy

Niger

French president Macron has refused Niger’s request to withdraw the 1,500 French troops stationed in Niger. Relations between France and Niger have been tense since

Kenya

Kenya’s Eurobonds declined after Haron Sirma, the director of debt management for the treasury, cast doubt on plans to repurchase some of its dollar debt

Angola

According to unnamed sources, Angola’s central bank has begun buying and reselling foreign currency from oil companies to commercial banks at a fixed rate. This

Moldova

Inflation across several CIS countries continued to decline, with inflation in Azerbaijan slowing to 11.7% YoY for the first eight months of the year, down

Azerbaijan

Inflation across several CIS countries continued to decline, with inflation in Azerbaijan slowing to 11.7% YoY for the first eight months of the year, down

Azerbaijan

Authorities in Karabakh announced a deal permitting the transit of humanitarian aid via routes controlled by Azerbaijan. Trucks carrying aid can now pass through the

Ukraine

Ukraine needs USD 12-14 bln in financial aid from the US next year as budget spending remains sky-high due to the war. Ukraine received almost

Russia

North Korea’s leader, Kim Jong Un, will meet Russian president Putin in “the coming days”, according to the Kremlin. According to Yonhap, a South Korean

The Philippines

FDI into the Philippines decreased by 3.9% YoY in June, totaling USD 484 mln, bringing the FDI net inflows for the first half of 2023

Indonesia

Indonesia’s finance minister highlighted the robust performance of the country’s economy, which has expanded over 5% for the last seven consecutive quarters, primarily driven by

India

The Indian rupee improved slightly, moving past 83 per USD, up from its record-low of 83.2 on September 6th. The modest gain is attributed to

South Africa

Manufacturing production in South Africa increased by 2.3% YoY in July, missing market expectations of a 4.4% increase. That follows a revised 5.5% increase in

Sierra Leone

Sierra Leone’s capital is facing power outages after Turkey’s Karpowership halted its electricity supply due to an unpaid debt of about USD 40 mln. Energy

Niger

French president Macron has refused Niger’s request to withdraw the 1,500 French troops stationed in Niger. Relations between France and Niger have been tense since

Kenya

Kenya’s Eurobonds declined after Haron Sirma, the director of debt management for the treasury, cast doubt on plans to repurchase some of its dollar debt

Angola

According to unnamed sources, Angola’s central bank has begun buying and reselling foreign currency from oil companies to commercial banks at a fixed rate. This

Moldova

Inflation across several CIS countries continued to decline, with inflation in Azerbaijan slowing to 11.7% YoY for the first eight months of the year, down

Azerbaijan

Inflation across several CIS countries continued to decline, with inflation in Azerbaijan slowing to 11.7% YoY for the first eight months of the year, down

Azerbaijan

Authorities in Karabakh announced a deal permitting the transit of humanitarian aid via routes controlled by Azerbaijan. Trucks carrying aid can now pass through the

Ukraine

Ukraine needs USD 12-14 bln in financial aid from the US next year as budget spending remains sky-high due to the war. Ukraine received almost

Russia

North Korea’s leader, Kim Jong Un, will meet Russian president Putin in “the coming days”, according to the Kremlin. According to Yonhap, a South Korean

The Philippines

FDI into the Philippines decreased by 3.9% YoY in June, totaling USD 484 mln, bringing the FDI net inflows for the first half of 2023

Indonesia

Indonesia’s finance minister highlighted the robust performance of the country’s economy, which has expanded over 5% for the last seven consecutive quarters, primarily driven by