Costa Rica
Costa Rica’s Central Bank maintained its leading interest rate at 6.5% after a 50 bps cut in July and cumulative cuts of 250 bps since
September 1, 2023
Costa Rica’s Central Bank maintained its leading interest rate at 6.5% after a 50 bps cut in July and cumulative cuts of 250 bps since
Costa Rica’s Central Bank maintained its leading interest rate at 6.5% after a 50 bps cut in July and cumulative cuts of 250 bps since
Brazil’s central bank lowered its key Selic rate by 50 bps to 12.75%, marking the second consecutive cut. The rate cut aims to anchor inflation
Uganda’s Finance Ministry announced a drastic reduction in international budget support for the next fiscal year, expecting only 28 bln shillings, compared to 2.78 tln
Meanwhile, South African Finance Minister Enoch Godongwana stated that the country’s public finances are in a precarious state, with a budget shortfall of USD 7.6
Meanwhile, South African Finance Minister Enoch Godongwana stated that the country’s public finances are in a precarious state, with a budget shortfall of USD 7.6
South Africa’s inflation rate rose to 4.8% YoY in August, in line with analysts’ predictions. The slight increase was fueled mainly by higher water and
Rwanda’s economy grew 6.3% in Q2 2023, following a robust 9.2% growth in Q1. The country’s statistics institute indicated that exports surged by 23%, while
The Nigerian naira hit a new low against the USD on the parallel market, mainly due to a restricted USD supply from Nigeria’s central bank.
Ghana’s economy experienced its slowest growth in nearly a year during Q2 2023, registering a 3.2% YoY increase. Fiscal tightening and high inflation are the
Egypt’s government announced plans to roll out USD 5 bln worth of projects from October 2023 to June 2024. These initiatives aim to boost the
Algeria has launched its first overseas bank in Nouakchott, the capital of Mauritania, backed by a USD 50 mln capital investment. Created through a partnership
Moldova’s central bank held its key rate at 6.0%. The country’s annual inflation rate declined by 1.1 pp in August to 9.7%, slightly exceeding the
According to key economic and financial indicators, the Georgian government projects a 5.2% growth rate for 2024, as outlined in the proposed amendments to the
Meanwhile, Azerbaijan’s central bank forecasts that the country’s current account surplus will decrease to around 15% of GDP in 2023 from 23.5% in 2022. The
Azerbaijan announced a halt to its military operations in Karabakh following a ceasefire that took effect at 1 p.m. local time yesterday. The campaign reportedly
Ukraine’s parliament has passed a law mandating disclosure of asset declarations by public officials, a critical part of the country’s broader anti-corruption efforts and an
Russian President Putin announced during a meeting with Chinese Foreign Minister Wang Yi that he has accepted an invitation from Chinese leader Xi Jinping to
Indonesia posted a state budget surplus of 147.2 tln rupiah (USD 10.29 bln) as of August, amounting to 0.7% of the country’s GDP. State revenue
The ADB has adjusted India’s growth forecast to 6.3% in FY24, primarily due to unpredictable monsoon patterns impacting agriculture. Despite the minor downgrade, the ADB