Guatemala
Guatemala ventured into international debt markets, selling USD 565 mln worth of nine-year bonds at a yield of 7.05%. This move surprised many, especially considering
September 11, 2023
Guatemala ventured into international debt markets, selling USD 565 mln worth of nine-year bonds at a yield of 7.05%. This move surprised many, especially considering
Costa Rica’s GDP rose by 4.7% YoY in Q2 2023, marking its highest surge since Q1 2022, albeit decelerating from the revised 4.4% growth of
NG Energy International Corp anticipates a significant rise in its natural gas production in Colombia. The forecast predicts an increase in gas output to 60
Zambia’s annual inflation rate rose to 12% YoY in September from 10.8% in August. Consumer prices increased by 0.7% MoM. A significant contributor to this
The South African Rand faces a downturn, hitting a three-month low versus the USD. Disturbance over the country’s fiscal future, amplified by a prevailing global
The South African Rand faces a downturn, hitting a three-month low versus the USD. Disturbance over the country’s fiscal future, amplified by a prevailing global
Ghana’s central bank will auction USD 120 mln in FX to Bulk Oil Distribution Companies (BDCs) over the next three months to bolster their operations.
Ethiopia will initiate the production of Russian Lada vehicles for the African market. This development underscores Ethiopia’s induction into BRICS, as its competitive manufacturing cost
Meanwhile, Egypt entered into a currency swap deal valued at around USD 1.4 bln with the UAE. This agreement facilitates the exchange of local currencies
The AIIB committed to granting USD 1 bln to Egypt in support of private sector initiatives. A portion of this funding would be allocated to
Iraq approved nearly USD 10.5 bln to bolster an oil-for-projects agreement established with China approximately four years prior. As of 2022, China had significantly increased
Uzbekistan announced a tender for its 2023 UZS-denominated notes while also considering issuing new som notes with a 3-year maturity. Options for several USD benchmarks,
Uzbekistan announced a tender for its 2023 UZS-denominated notes while also considering issuing new som notes with a 3-year maturity. Options for several USD benchmarks,
Serbian President Vucic advanced the election date to December 17th, earlier than the previously proposed March 4th date. The accelerated timeline may be influenced by
The new governor of Kazakhstan’s central bank stated that the recent KZT Weakness is temporary. According to the governor, there are temporary factors, such as
Georgia’s central bank, NBG, has confirmed that the IMF has suspended its program since the spring of this year due to changes in NBG law.
President Biden’s newly appointed special representative for Ukraine, Penny Pritzker, has stated that Russia’s frozen sovereign assets by the West should be used for Ukraine’s
Vietnam’s annual inflation rate rose to 3.66% in September, up from 2.96% in the previous month. Core inflation stood at 4.49% YoY, a slight decrease
Thailand’s trade balance transitioned to a modest surplus of USD 0.36 bln in August, a stark contrast from a deficit of USD 4.22 bln observed
Fitch raised Sri Lanka’s local currency rating to CCC- from a status of restricted default. This decision follows the conclusion of a domestic debt restructuring
Pakistan’s Rupee is poised to become September’s top global performer, appreciating almost 6% in September, driven by the government’s stringent measures against illicit USD trading.
Malaysia’s economic growth is predicted to be modest this year. After witnessing a growth rate of 5.6% in Q1, the economy grew at a slower
Discussions on reviving the Thai-Indian Free Trade Agreement (FTA) have been reinitiated. Previously, the countries had an FTA named the Early Harvest Scheme covering 83
China reported a current account surplus of USD 64.7 bln in the second quarter of 2023, less than the USD 73.8 bln surplus from the