Honduras
Honduras reported a cumulative trade deficit of USD 7.3 bln up to November, a 5.7% decrease compared to the same period in 2022. These figures
January 17, 2024
Honduras reported a cumulative trade deficit of USD 7.3 bln up to November, a 5.7% decrease compared to the same period in 2022. These figures
Bolivia’s financial system witnessed a profitable year in 2023, with earnings amounting to USD 292 mln, a 10% increase compared to 2022, as reported by
South African central bank governor Kganyago emphasized that the bank is not considering cutting interest rates while inflation remains above its desired level. Kganyago stated
Shell Plc has agreed to sell its Nigerian onshore oil business to a local consortium for over USD 1.3 bln. This move aligns with Shell’s
Nigeria’s naira reached a record low in the parallel market, falling to 1,305 naira per USD, a 1.5% decrease from the previous day. This widening
Kenya is reportedly considering a debt swap deal to improve its financial situation before a USD 2 bln bond matures in June. The nation is
Guinea’s central bank held its benchmark interest rate steady at 11%, noting concerns about rising consumer price growth, potentially exceeding the 8% forecast for 2023.
In response to Egypt’s severe foreign currency shortage, several banks have imposed new limits on overseas cash withdrawals and spending. Al Baraka Bank and EG
Over half of African countries are expected to implement the African Continental Free Trade Area (AfCFTA) this year. Thirty-one of the 47 ratifying countries will
Iran has launched a missile attack on what it claims was an Israeli spy base in Iraq, stating it as retaliation for the assassination of
Uzbekistan reported a 5.7% growth last year, with inflation decelerating to 8.8% from 12.3%
The oil majors operating Kazakhstan’s vast Kashagan field, including Eni, Shell, Exxon Mobil, and TotalEnergies, are nearing a settlement with Kazakh authorities to resolve a
Azerbaijan’s GDP saw a modest 1.1% increase last year, down from 4.6% in 2022. The oil and natural gas sectors declined by 1.7%, but other
Armenia is considering a return to international markets next year to fund its estimated USD 2.5 bln gross financing needs for this year, which it
Ukrainian President Zelensky gave an impassioned speech at the World Economic Forum in Davos. He emphasized that this year should be pivotal in the conflict
Thailand’s central bank recently decided to maintain its policy rate at 2.50%, aligning with the medium-term economic, inflation, and financial stability outlook. The bank views
Indonesia registered a trade surplus of USD 3.3 bln in December 2023, surpassing expectations but showing a decrease from the previous year. That was due
Fitch affirmed India’s rating at BBB-, the lowest investment grade score, with a stable outlook. The rating is supported by India’s strong medium-term GDP growth