The Dominican Republic
Fitch affirmed the Dominican Republic’s BB- rating and upgraded the outlook to Positive from Stable, citing improved governance and robust growth prospects expected to enhance
December 5, 2023
Fitch affirmed the Dominican Republic’s BB- rating and upgraded the outlook to Positive from Stable, citing improved governance and robust growth prospects expected to enhance
Fitch affirmed Zambia’s RD (Restricted Default) rating, while The Long-Term Local-Currency Issuer Default Rating (LTLC IDR) was upgraded to CCC+ from CCC. The RD follows
South African lawmakers agreed to postpone the introduction of a new retirement system, initially set for March 1. The proposed ‘two-pot pension system’ would allow
The head of Kenya’s largest bank, Equity Group Holdings Plc, noted that the Kenyan shilling’s (KES) depreciation against the USD, which has been about 20%
Ethiopia signed a USD 600 mln deal with UAE’s AMEA Power to construct a 300-megawatt wind farm. This project is part of Ethiopia’s push towards
The world’s biggest climate fund is supporting Acumen, a US-based company, in establishing a USD 250 mln facility. This initiative aims to provide electricity to
The IMF has prioritized Egypt’s battle against record consumer-price growth, suggesting a possible delay in further currency devaluation. Egypt, which has already devalued the pound
Fitch affirmed Iraq’s B- rating with a Stable Outlook. The rating reflects Iraq’s high commodity dependence, weak governance, and political risks, balanced by high FX
Israel is expanding its military operations to southern Gaza, with airstrikes targeting around 200 Hamas locations. This expansion raises concerns about Palestinian civilian safety, especially
Kazakhstan and Iran aim to boost their mutual trade to USD 3 bln. Kazakh producers will supply Iran with 75 product items worth USD 250
Georgia’s annual inflation rate declined to 0.1% in November, down from 0.8% in the prior month, pointing to the lowest inflation rate since October 2016.
Vietnam’s central bank plans to redistribute credit growth targets from banks with surplus credit to those with a deficit. This decision seeks to balance credit
India’s Composite PMI dropped to 57.4 in November, down from 58.4 in the previous month, the lowest since November 2022. This decrease was mainly due