Peru
Peruvian Finance Minister Contreras announced expectations for the economy to recover in Q3 and Q4 2023, targeting a 1.1% growth by December. The government aims
August 30, 2023
Peruvian Finance Minister Contreras announced expectations for the economy to recover in Q3 and Q4 2023, targeting a 1.1% growth by December. The government aims
Brazil’s Finance Ministry raised its economic growth projection for 2023 to 3.2%, up from 2.5%, primarily due to a stronger-than-expected economic activity in Q2. However,
Staatsolie, Suriname’s state-owned oil company, is considering acquiring a 20% stake in a USD 9 bln offshore oil development project led by TotalEnergies and APA
In other news, Kenya disclosed the terms of a USD 200 mln syndicated loan it secured in April. The loan comes with a margin of
Kenya’s central bank announced plans to use reserves to pay off a USD 2 bln debt redemption next year rather than incur new debts, resulting
Credit Suisse and BofA are under renewed scrutiny after the International Capital Market Association (ICMA) issued new labeling guidelines for “blue bonds” to fund debt-for-nature
Credit Suisse and BofA are under renewed scrutiny after the International Capital Market Association (ICMA) issued new labeling guidelines for “blue bonds” to fund debt-for-nature
Botswana’s annual inflation rate has dropped to a 3-year low of 1.2% in August from 1.5% in July, mainly driven by a slowdown in food
Jordan’s annual inflation rate remained steady at 0.9% YoY in August 2023. Producer prices dropped significantly, by 13.3%, marking the steepest decline since June 2020
Serbian President Aleksandar Vucic indicated that the country is likely to hold early elections next year due to mounting pressure from opposition parties. Vucic announced
In other news, EU countries, including Italy, Greece, and Bulgaria have increased their gas imports from Azerbaijan by 6.1% YoY, based on data for the
Authorities in Karabakh have agreed to accept cargo shipments via the Lachin and Agdam roads. This agreement was proposed by the International Red Cross and
Ukraine has removed six deputy defense ministers as part of its ongoing anti-corruption efforts and restructuring of the defense ministry. Separately, Ukraine plans to take
Russian President Vladimir Putin expects the country’s GDP to grow between 2.5-2.8% in 2023. Putin described the Russian economy as stable and balanced, claiming that
Thailand’s government has approved an increased fiscal budget for 2024, totaling 3.48 tln baht, a 9.3% YoY increase. That includes a 4% rise in investment
The Indian rupee reached a record low, depreciating past 83.3 per USD, primarily due to a strengthening USD and high import prices, particularly for oil.
China escalated its military activities around Taiwan, flying a record number of warplanes in the region. This military show of force comes after visits by
Bangladesh’s trade deficit declined by 69.73% YoY to USD 635 mln in July, as import payments dropped by 14.92%, while export earnings rose by 15.61%.