Haiti
The UN’s Security Council approved an international force for Haiti, targeting powerful gangs and facilitating postponed elections. Kenya will lead this Multinational Security Support mission
September 14, 2023
The UN’s Security Council approved an international force for Haiti, targeting powerful gangs and facilitating postponed elections. Kenya will lead this Multinational Security Support mission
Costa Rica’s current account surplus rose to USD 144.5 mln, a positive shift from the prior year’s deficit of USD 102.6 mln during the same
Tunisia declined EUR 127 mln of aid from the EU, casting doubt on a July agreement aimed at addressing illegal Mediterranean crossings. The EU deal
The South African rand weakened to around 19.3 per USD, impacted by a strengthening USD and rising US treasury yields. Persistent power issues in South
Malawi is grappling with fuel scarcity, causing long queues at fuel service stations in various cities. Fuel shortages in Lilongwe and Blantyre have led to
Meanwhile, Kenya’s government enlisted Citi and South Africa’s Standard Group to advise managing a USD 2 bln Eurobond due in June 2024. The 10-year bond,
Kenya’s central bank held its benchmark interest rate at 10.5%, the highest in seven years and unchanged for the second consecutive meeting. The country’s inflation
The IMF staff and Guinea Bissau authorities reached a preliminary agreement supporting the third review of the ECF program. Pending approval from the fund’s executive
Morgan Stanley has turned pessimistic on Egypt due to what they identify as mounting risks in the upcoming months. Egypt’s credit status has been downgraded
Algeria has received acceptance to mediate a political solution to the crisis in Niger via Niger’s foreign affairs ministry. Algerian President Tebboune has delegated Foreign
Mongolian central bank officials stated that the bank plans to maintain high interest rates up to 2024 to curb inflation, as it aims to stabilize
Kazakhstan’s annual inflation rate declined to 11.8% in September from 13.1% in August. Despite still being in double digits, it’s trending downwards and falls within
Georgia’s annual inflation rate dipped to 0.7% in September from 0.9% in August. Prices grew slower for goods and services, and restaurants, while prices dropped
In other news, the EBRD is planning to amplify its capital to be able to invest about USD 1.5 bln in Ukraine annually. The EBRD
Ukrainian officials intend to permit limited currency fluctuations, discarding a fixed exchange rate system that has been operational since Russia’s incursion began. Although currency restrictions
Russia’s central bank anticipates maintaining a stringent monetary policy throughout 2024 to bring inflation back to the target of 4%. The bank’s key rate for
Thailand’s central bank expressed readiness to stabilize the baht, which is nearing an 11-month low. That comes after indications that a weaker currency could bolster
The IMF revised its economic growth projection for the Philippines downward to 5.3% in 2023 from 6.2%, attributing the decision to global pressures and policy
According to the World Bank Nepal’s Development Update report, Nepal is grappling with slow economic growth and rising inflation for FY23-24. Continuing from last year’s