Day: September 7, 2023

Peru

Peru’s food export revenue reached a record USD 9.807 bln in 2022, up 12.3% from 2021. This growth, expected to persist in 2023, is owed

Paraguay

Paraguay’s GDP advanced 5.9% YoY in Q2 2023, accelerating from 5.2% growth in the previous period. Output rose the most in services, manufacturing, and construction

Brazil

Brazil’s central bank dismissed rumors of faster interest rate cuts, targeting a more stable improvement in inflation forecasts, which currently exceed their 3% benchmark for

Uganda

Uganda’s economy experienced a robust growth of 6.8% YoY in Q2 2023, a marked acceleration from the revised 2.4% increase observed in the preceding quarter,

Egypt

Tunisia and Egypt are engaging Russia for bolstered grain imports. While Tunisia’s negotiations for augmented Russian grain procurements continue in Moscow, Egypt is deliberating the

Tunisia

Tunisia and Egypt are engaging Russia for bolstered grain imports. While Tunisia’s negotiations for augmented Russian grain procurements continue in Moscow, Egypt is deliberating the

Nigeria

Nigerian lawmakers approved Olayemi Cardoso’s, former chairman of Citibank Nigeria, nomination for a five-year term as the central bank governor amid the nation’s currency depreciation

Morocco

In the aftermath of its most devastating earthquake in over a century, Morocco has maintained its benchmark interest rate at 3.0%. The quake resulted in

Malawi

Malawi’s public debt rose to 9.4 tln kwacha or 75% of GDP. The external debt is USD 3.94 bln or 32% of GDP, while the

Lesotho

Lesotho’s central bank held its benchmark interest rate at 7.75%. The nation’s annual inflation was recorded at 5.2% YoY in August, with food and non-alcoholic

CEMAC

The Bank of Central African States (BEAC) has maintained its principal rate at 5%. BEAC, overseeing the CEMAC nations, revised its year-end inflation prediction to

Serbia

Serbia’s president demanded on Tuesday that NATO-led troops stationed in Kosovo take over the security from police in the north of the country, days after

Azerbaijan

Over 19,000 ethnic Armenians have evacuated Nagorno-Karabakh following Azerbaijan’s takeover, which constitutes over 10% of the enclave’s Armenian residents, as reported by Armenia. A fuel

Armenia

Over 19,000 ethnic Armenians have evacuated Nagorno-Karabakh following Azerbaijan’s takeover, which constitutes over 10% of the enclave’s Armenian residents, as reported by Armenia. A fuel

Ukraine

Ukraine’s central bank, NBU, anticipates a reduction in the key policy rate to 18% by year-end to aid economic recovery. In September, nine members of

Russia

Russia’s central bank has extended the restrictions on overseas transfers from non-residents of unfriendly countries from broker accounts for an additional six months. The restrictions

Vietnam

The Asian Development Bank (ADB) has lowered Vietnam’s 2023 GDP growth forecast from 6.5% to 5.8% due to potential export impacts from the global economic

Thailand

Thailand’s government has greenlit a significant debt moratorium plan to aid millions of farmers in debt, totaling around 283 bln baht. Authorities will cover interest

The Philippines

The Philippines reported an 85% hike in its government budget deficit in August, reaching 133 bln pesos, mainly driven by a 6.58% decline in government