Day: September 13, 2023

Peru

Peru’s annual inflation rate in September 2023 decreased for the eighth month to 5.04%, down from 5.57% the previous month. This rate, the lowest since

Jamaica

Jamaica’s economy expanded by 2.3% YoY in Q2 2023, slowing from the 4.2% growth of the previous quarter. This consistent growth has lasted for nine

Colombia

As of September 28, Colombia has sold bonds worth USD 8.49 bln this year, marking a 19% increase compared to the same period in 2022.

Zambia

Julie Kozack, a senior IMF official, has urged Zambia and its official creditor committee to expedite the signing of a memorandum regarding the country’s foreign

Africa

South Africa’s Absa Purchasing Managers Index declined to 45.4 in September, signaling the eighth month of dwindling factory activity, the steepest since July 2021. The

South Africa

South Africa’s Absa Purchasing Managers Index declined to 45.4 in September, signaling the eighth month of dwindling factory activity, the steepest since July 2021. The

Rwanda

Development Bank of Rwanda initiated its first segment of a USD 124 mln program, targeting USD 24.8 mln from a seven-year bond, backed by World

Nigeria

Nigeria unveiled a temporary wage boost of 25,000 naira per month for low-grade workers to soften reform impacts and avoid an impending strike. Alongside this,

Mozambique

Following UBS Group AG’s settlement over Credit Suisse’s involvement in a ship-financing scandal, Mozambique’s bonds saw an uptick, with the 2031 debt yield decreasing by

Morocco

Morocco’s economy grew by 2.3% in Q2 2023, a slight increase from 2.2% in Q2 2022, as reported by HCP, the country’s statistics institute. Non-agricultural

Mauritius

Mauritius announced a hike in gasoline and diesel retail prices for the first time in 17 months, attributing the decision to global pricing trends. As

Egypt

Egypt’s central bank finalized a USD 1.36 bln currency swap deal with the UAE’s counterpart, aiming to alleviate pressure on its balance of payments. This

Angola

Angola’s Q2 2023 economic growth was near stagnation compared to the same quarter last year despite a slight rise in the previous quarter. While the

Serbia

Post a recent fatal clash in Kosovo involving ethnic Serbs linked to Belgrade, the EU plans to deliberate potential actions against Serbia. EU special envoy

Kosovo

Post a recent fatal clash in Kosovo involving ethnic Serbs linked to Belgrade, the EU plans to deliberate potential actions against Serbia. EU special envoy

Georgia

As reported by Azernews and citing a post by Economy Minister Jabbarov on platform X, discussions between Azerbaijan and Georgia centered on advancing their bilateral

Azerbaijan

As reported by Azernews and citing a post by Economy Minister Jabbarov on platform X, discussions between Azerbaijan and Georgia centered on advancing their bilateral

Ukraine

Meanwhile, following a spending bill passage that excluded funding for Ukraine, President Biden prompted House Speaker Kevin McCarthy for a prompt follow-up. This oversight reflects

Ukraine

Despite Russian threats, seven ships have successfully journeyed to significant Ukrainian Black Sea ports in recent weeks, indicating Ukraine’s success in establishing its trade route

Thailand

Thailand’s manufacturing sector contracted faster in September, with the PMI dropping to 47.8 from August’s 48.9, marking the most rapid decline since May 2021, as

The Philippines

Amid rising inflation, Philippine President Ferdinand Marcos Jr. witnessed a 15-point approval rating drop to 65% in September, as per a Pulse Asia survey. That

Pakistan

Pakistan’s annual inflation rate surged to a four-month peak of 31.4% YoY in September, up from 27.4% the previous month, primarily due to escalating fuel

Indonesia

Indonesia’s annual inflation rate fell to 2.28% in September from 3.27% the prior month, marking the lowest since February 2022, remaining within the central bank’s

India

Standard Chartered Plc predicts India’s rupee will not dip below 84 per USD. This belief stems from the expectation that India’s central bank will intervene