Colombia
Colombia’s fiscal board oversight committee, CARF, predicts a larger-than-anticipated deficit for 2024, potentially breaching fiscal rule targets. CARF suggests a spending reduction of about 1.4%
December 8, 2023
Colombia’s fiscal board oversight committee, CARF, predicts a larger-than-anticipated deficit for 2024, potentially breaching fiscal rule targets. CARF suggests a spending reduction of about 1.4%
Brazil’s economy showed unexpected growth in the third quarter, lending support to President Lula da Silva’s economic policies. This growth of 0.1% contrasts with the
Zambia’s Copperbelt Energy Corporation (CEC) announced its plan to issue the country’s first green bond by year-end, valued at USD 54 mln as part of
Uganda intends to significantly increase its domestic borrowing to 6.8 tln shillings for FY23/24, more than doubling its current level. This shift, as reported by
Tunisia’s annual inflation rate continued its downward trend, dropping to 8.3% in November 2023 from 8.7% the previous month, mainly due to a slowdown in
South Africa’s economy contracted by 0.7% YoY in Q3 2023, influenced by logistical challenges and an ongoing electricity crisis. This decline, reported by Statistics South
Kenya’s central bank raised its benchmark rate by 200 bps to 12.5%, the highest since October 2012. This first rate hike since June was driven
Ghana’s MPC implemented a new monetary policy measure to absorb excess capital and manage inflation, which currently stands at 35.2% after reaching a high of
The Bank of China will enhance trade in renminbi with Zambia and other southern African countries, aiming to reduce the reliance on the USD. This
The IMF revised its 2023 growth forecast for Kyrgyzstan’s economy to 4.2%, up from the previous 3.4%. The Kyrgyz economy expanded by 6.3% in 2022
The ADB approved a USD 350 mln policy-based loan to improve Kazakhstan’s public finance management. The ADB will also provide technical assistance for program implementation,
Hungarian PM Viktor Orban cautioned the EU against initiating membership talks with Ukraine at the upcoming Brussels summit, creating tension among allies as Ukrainian forces
Russian President Vladimir Putin will visit the UAE and Saudi Arabia to discuss bilateral relations and international affairs. His international travel is limited due to
The Philippines reported a decrease in headline inflation to 4.1% YoY in November from 4.9% in October, reaching its lowest point in over a year,
Fitch maintained Malaysia’s rating at BBB+ with a stable outlook. The country is recognized for its strong growth potential but faces challenges such as high