Brazil
Brazil is planning to join OPEC+ next year. The country’s crude production reached a record 3.7 mln b/d in September, marking significant YoY and MoM
December 1, 2023
Brazil is planning to join OPEC+ next year. The country’s crude production reached a record 3.7 mln b/d in September, marking significant YoY and MoM
The EU and Mercosur (Argentina, Brazil, Uruguay, and Paraguay) are on the verge of finalizing a significant trade agreement after over two decades of negotiations.
Zambia’s inflation rate escalated to 12.9% in November 2023, marking a 20-month high, driven by the depreciating kwacha, which has weakened by more than a
South Africa’s producer inflation rose to 5.8% in October from 5.1% in the prior month, influenced by a significant increase in gasoline prices and other
Nigeria’s 2024 budget emphasizes heavy debt servicing, which will consume 30% of the 27.5 tln naira (USD 34.7 bln) budget. This allocation is six times
The AfDB has committed over EUR 101 mln to Kenya for the third phase of its Last Mile Connectivity Project, which aims to increase electricity
Ethiopia has obtained a USD 1.5 bln debt relief deal with its creditors, including China. The agreement offers temporary financial relief as the country seeks
Angola plans its first sale of green bonds in 2024, as announced by Minister Jose de Lima Massano. The bond sale aims to finance environmentally
The AfDB has revised its growth projection for the African economy in 2024, lowering it from an initial 4.3% to 3.8%. For 2023, the growth
Serbia’s economy grew 3.6% YoY in Q3 2023, an increase from the 1.6% annual growth in the previous quarter. The government had earlier forecasted a
Armenian Foreign Minister Ararat Mirzoyan met with NATO Secretary General’s Special Representative for the Caucasus and Central Asia Javier Colomina in Skopje. They discussed the
A recent poll indicates that 59% of Americans favor sending additional aid to Ukraine. While over three-quarters believe Ukraine’s victory is important for the US,
The EU is progressing with a proposal to tax profits from over EUR 200 bln of frozen Russian central bank assets to support Ukraine’s reconstruction.
Thailand’s central bank Governor highlighted the increased currency volatility in emerging economies, partly due to interest rate discrepancies with advanced economies like the US. The
Sri Lanka’s inflation rate rose to 3.4% YoY in November, driven by the country’s increased energy tariffs to align with the IMF’s conditions for the
India’s economy expanded by 7.6% YoY in Q3 2023, surpassing expectations and the central bank’s 6.5% projection. This robust growth secures India’s position as the