Bangladesh
Bangladesh’s central bank noted that the taka is experiencing a depreciation against the USD due to significant financial outflow. The bank has intervened in the
December 21, 2023
Bangladesh’s central bank noted that the taka is experiencing a depreciation against the USD due to significant financial outflow. The bank has intervened in the
The Indian economy is expected to continue expanding, but persistent inflation is impacting consumer demand and has become the main risk to growth. The central
The World Bank approved USD 350 mln in financing for Pakistan. This funding aims to strengthen fiscal management and promote inclusive economic growth. The project
The World Bank has released a USD 250 mln tranche of a USD 500 mln budget support loan to Sri Lanka, initially approved in June.
Ukraine’s Ministry of Economy estimates a 5.5% growth from January to November this year, with November showing a 4% increase compared to the same period
Azerbaijan’s central bank lowered its refinancing rate by 50 bps to 8.0%. Inflation has remained within the bank’s target corridor for the past three months,
Georgia’s central bank reduced its refinancing rate by 50 bps to 9.5%, responding to declining inflation and stabilized commodity prices. November saw an inflation rate
Kazakhstan’s sovereign wealth fund ordered the state companies it controls to shift money from bank deposits into higher-profit assets as the government seeks to increase
Serbia’s current account deficit expanded to EUR 236 mln in October, up from EUR 102 mln in September. Meanwhile, foreign travel spending decreased by 24%
Uzbekistan’s Senate approved the 2024 budget with a 4% GDP deficit. The country anticipates a GDP growth of 5.6%-5.8% in 2024. Approximately 50% of budget
Botswana’s economy grew by only 0.5% YoY in Q3 2023, a significant slowdown compared to a 3.3% growth in the previous period. That was mainly
The annual inflation rate in Ivory Coast remained steady at 3.7% in November 2023, with prices slowing for items such as transportation. Consumer prices edged
Kenya’s economy grew by 5% in 2023, an improvement from 4.8% in 2022, according to the World Bank’s Kenya Economic Update. This growth was driven
Malawi’s annual inflation rate increased to 33.1% in November from 26.9% in October, with a 7.6% MoM rise. Food inflation reached 41.7% YoY, and non-food
Mozambique has shipped 39 LNG cargoes to Europe and Asia, earning the state USD 75 mln. The shipments were made from the Coral Sul FLNG
Rwanda experienced a rapid annual economic growth of 7.5% in Q3 2023, the highest since Q3 2022. This surge was mainly driven by a 9%
Sierra Leone will receive a USD 65 mln grant from the World Bank. This grant will support macroeconomic stability reforms, focusing on mining sector governance,
Colombia’s central bank cut its benchmark interest rate by 25 bps to 13.0%, the first reduction in three years, amid concerns about a slowing economy.
Colombia’s central bank announced a plan to purchase up to USD 1.5 bln to boost international reserves and prevent a reduction in the IMF’s flexible
Costa Rica’s central bank cut its benchmark interest rate by 25 bps to 6%. This cumulative 300 bps reduction since March reflects global trends, especially
Jamaica’s central bank maintained its benchmark interest rate at 7%. The decision was influenced by declining international commodity prices and stable exchange rates, alongside robust
The IMF’s Executive Board concluded the Second Review under the PCI for Paraguay and approved a two-year RSF arrangement. The fund noted that Paraguay’s government
Paraguay’s central bank cut its policy rate by 50 bps to 6.75%. This decision follows a path of gradual rate reduction, reflecting the country’s macroeconomic