Day: September 12, 2023

Jamaica

Jamaica’s central bank held its benchmark interest rate at 7.0% for the seventh session. August saw Jamaica’s annual inflation rate climb slightly to 6.8% from

The Dominican Republic

The Dominican Republic’s central bank held its benchmark interest rate at 7.5%. This decision reflects the significant drop in YoY inflation, now closely aligned with

Bolivia

Bolivia’s Development Minister, Sergio Cusicanqui, has indicated that the government anticipates congressional approval for six external loans totaling approximately USD 470 mln. Addressing a webcast

Tunisian

Meanwhile, a World Bank study revealed that Tunisian remittance services charge an average of 8.7% of the transferred sum, considered a high rate. Another contributor

Tunisia

In a TAP news agency interview, economic expert Mohsen Hassan noted that Tunisia repaid about 74% of its external debt service, defying predictions by rating

Africa

South Africa recorded a trade surplus of 13.3 bln rand (ZAR) in August, which, although lower than July’s revised ZAR of 15.4 bln, surpassed market

South Africa

South Africa recorded a trade surplus of 13.3 bln rand (ZAR) in August, which, although lower than July’s revised ZAR of 15.4 bln, surpassed market

Morocco

As per a report by EBRD, Morocco’s economy exhibited robust recovery signs with a YoY growth of 3.4% in H1 2023, not factoring in the

Mauritius

Mauritius’ economy posted a 6.0% YoY growth in Q2 2023, slightly accelerating from the revised 5.8% in the preceding quarter. That marks the 9th consecutive

Botswana

Botswana’s economy grew by 3.4% YoY in Q2 2023, marking the smallest growth since Q1 2021 and following an upward revision of the previous quarter’s

Kosovo

In other news, EU Foreign Policy Chief Josep Borrell emphasized that the EU might impose “punitive measures” against Serbia if it fails to adhere to

Serbia

In other news, EU Foreign Policy Chief Josep Borrell emphasized that the EU might impose “punitive measures” against Serbia if it fails to adhere to

Serbia

Serbia’s trade deficit decreased by 34% YoY, amounting to USD 5.6 bln in the first eight months of 2023. While exports increased by 7.9%, imports

Kazakhstan

The Kazakhstan Stock Exchange has permitted the Central Securities Depository to participate in FX trading. This move aims to simplify the currency exchange process and

Albania

Albania recorded a GDP growth of 3.23% YoY in Q2 2023, an increment from the 2.83% in the prior period. Both household consumption and government

Ukraine

Ukraine has escalated missile and drone strikes on Russian-occupied Crimea. These strikes have successfully targeted weapons, military bases, and essential supply routes. That intensified military

Russia

Russia has unveiled plans to significantly cut diesel exports from its main western ports in the upcoming month, intensifying tensions in an already strained global

Vietnam

Vietnam’s GDP rose by 5.33% YoY in Q3 2023, an improvement from the 4.05% recorded in Q2. However, this is less robust than the striking

Thailand

Thailand’s current account transitioned to a surplus of USD 0.4 bln in August, a considerable improvement from the USD 3.2 bln deficit recorded in the

Myanmar

Myanmar’s economy ministry anticipates GDP growth to accelerate to 4.1% in FY24, up from 3.4% a year earlier. The average inflation rate is projected to

India

India’s fiscal deficit escalated to INR 6.43 tln Between April and August, up from INR 5.42 tln during the same span in the preceding fiscal