Day: January 16, 2024

Malaysia

Malaysia’s Anti-Corruption Commission (MACC) has recorded a statement from former PM Ismail Sabri Yaakob as part of an investigation into 700 mln ringgit spent by

Serbia

Serbian inflation slowed to 7.6% YoY in December from 8.0% in the previous month. That came a day after the central bank kept rates on

Tajikistan

Tajikistan authorities organized a presentation (roadshow) of terms and government bond issuance in Dushanbe, which was triggered by the earlier presidential order to “take necessary

Gambia

The IMF Board has approved a new 36-month ECF arrangement for Gambia, amounting to around USD 100 mln. The country’s economy is forecast to grow

Bangladesh

Bangladesh’s annual inflation rate dipped slightly to 9.4% in December 2023 from 9.5% in November, the lowest since April of the previous year. There was

India

India’s 1-Y government bond yield decreased to around 7.15% in January, the lowest in nearly four months. This drop is attributed to positive macroeconomic developments

Russia

Europe has between three and five years to prepare for Russia to return as a serious military threat on NATO’s eastern flank, according to the

Azerbaijan

Azerbaijan’s inflation rate stood at 8.8% in 2023, slowing from 13.9% in 2022. Food prices increased by 9.6%, while non-food items recorded an 8.4% increase.

Georgia

Georgia recorded a 7% decline in the value of remittances from abroad, bringing the total to USD 4.1 bln. The highest amount of funds sent

Middle East

Qatar has halted LNG tankers from passing through the Bab el-Mandeb Strait following US-led airstrikes on Houthi targets in Yemen, amplifying risks in the Middle

Africa

The Emerging Africa Infrastructure Fund successfully raised USD 294 mln in debt capital, aiming for a USD 500 mln target by 2025. Contributors include Allianz

Algeria

The US Agriculture Department has revised Algeria’s wheat import forecast for the marketing year through June 2024, reducing it by 4.6% to 8.3 mln metric

Botswana

De Beers has significantly reduced its diamond prices to rejuvenate the gem market. The company made about a 10% price cut across various categories, with

Egypt

According to a recent document released by Egypt’s Ministry of Finance, officials aim to achieve significant reductions in inflation rates, targeting 7% (±2%) by the

Ivory Coast

Ivory Coast, the world’s largest cocoa producer, is set to issue a new Eurobond, ending a nearly two-year pause in new USD-debt issuances in SSA,

Kenya

Kenya’s cabinet has approved the Sovereign Green Bond Framework to explore alternative funding for green investments, addressing the rising costs of climate change. These steps

Nigeria

Nigeria experienced its highest annual inflation rate in nearly three decades in December, reaching 28.9%, influenced by the termination of fuel subsidies and a weakening

South Africa

South Africa’s Finance Minister, Godongwana, anticipates a challenging budget presentation next month. The nation faces difficulties servicing its growing debt, exacerbated by ongoing power cuts

Brazil

The Brazilian real’s volatility has dropped to its lowest level since March 2020, influenced by a record trade surplus and an increased supply of USD

Colombia

Colombian Finance Minister Bonilla projected a 1.8% GDP growth and 5% inflation for 2024, creating conditions for a potential reduction in the central bank’s benchmark

Guatemala

Bernardo Arevalo was sworn in as President of Guatemala after a delay caused by disputes in Congress. The inauguration faced hurdles as Congress debated the

Nicaragua

The Nicaraguan government ordered the closure of four associations connected to Taiwan, indicating finer alignment with China. The decision comes two years after Nicaragua cut