Day: January 12, 2024

Laos

Vietnam has become a prominent investor in Laos, with total registered investment capital nearing USD 5.5 bln. In 2023, Vietnamese investment in Laos reached USD

China

After recently hitting over two-decade lows, China’s 10-year government bond yield stabilized above 2.5%. That follows data revealing deflationary trends in December, with consumer and

Bangladesh

Fitch expects the Awami League-led government of Bangladesh to maintain policy continuity following its election win, which was boycotted by the main opposition. Bangladesh faces

Ukraine

Ukraine’s Economy ministry sees GDP growth at 5% in 2023. The share of the defense industry in GDP rose to 21.2% in the first nine

Azerbaijan

Azerbaijan’s President Aliyev expressed optimism about signing a peace treaty with Armenia, stating that real conditions have been created for such an agreement. He emphasized

Tajikistan

The Turkish foreign minister (visiting Tajikistan) hinted at a possible border deal between Kyrgyzstan and Tajikistan. Extensive discussions on the issue have been taking place

Mongolia

Mongolia’s inflation slowed for the second consecutive month to 7.9% YoY in December, the lowest YoY growth since June 2021. Food continues to drive inflation,

Serbia

Serbia’s central bank (NBS) maintained interest rates at 6.5%, in line with expectations. Inflation continues to slow (seen at 7.6% YoY in December) as underlying

Middle East

Iran captured the oil tanker St Nikolas (formerly known as Suez Rajan) off the coast of Oman, escalating tensions in a crucial global trade route

Angola

Angola’s annual inflation rate continued to climb for the eighth consecutive month, reaching 20.01% in December 2023, the highest since July 2022, driven by the

Jordan

Jordan’s inflation rate marginally rose to 1.64% YoY in December from 1.27% in the previous month, the highest since May. In other news, Jordan and

Egypt

JPMorgan will remove Egypt from its local-currency bond indexes, tracked by emerging market funds worth over USD 200 bln. The exclusion from the GBI-EM will

Kenya

Investors demanded interest rates upwards of 19% on a five-year Treasury bond, leading the Central Bank of Kenya (CBK) to reject bids worth KES 12

Namibia

Namibia’s annual inflation rate decreased to a four-month low of 5.3%, down from 5.7% in the previous month, mainly driven by a slowdown in food

South Africa

South Africa’s National Treasury is contemplating the need for additional financial support to fully rehabilitate state port and rail company Transnet SOC Ltd. The inefficiencies

The Dominican Republic

The Dominican Republic’s annual inflation rate fell to 3.57% in December 2023, the lowest level since June 2020, down from 4% in the previous month,

Peru

Peru’s central bank lowered its policy rate by 25 bps to 6.5%, marking the fifth consecutive cut. The move aims to steer inflation, which stood