Day: January 19, 2024

Costa Rica

Costa Rica’s net international reserves reached a record high of USD 14.28 billion, constituting 16.6% of the country’s GDP, driven by the central bank’s (BCCR)

Argentina

BofA strategists recommended that Argentina’s central bank should expedite the peso’s devaluation on the official market. They anticipate the peso will reach 1,573 per USD

Zambia

Zambia is implementing restrictions on gatherings and initiating a targeted vaccine drive to control a cholera outbreak that has infected nearly 10,000 people. Schools’ reopening

Angola

Angola and Tanzania have signed three MoUs to strengthen their bilateral relations, including cooperation in the oil and gas industry, a visa waiver for diplomatic

South Africa

South Africa’s central bank governor, Kganyago, predicts that inflation in South Africa will average around 5% in 2024 and around 4.5% in 2025. Kganyago expressed

Nigeria

Fitch analysts noted that Nigeria has the lowest tax-to-GDP revenue ratio among the sovereigns they rate. Despite some progress, the country faces ongoing challenges, including

Malawi

Malawi’s inflation rate accelerated to 34.5% YoY in December, up from 33.1% in November. The surge was driven by high food and non-food inflation rates,

Kenya

The IMF has agreed to disburse USD 684.7 mln to Kenya, enhancing the country’s FX reserves ahead of a critical Eurobond repayment due in June.

Cameroon

Cameroon plans to offer 320 bln CFA Francs in treasury bonds during the first quarter of the year. This issuance will be conducted in 13

Moldova

Moldova will receive its first natural gas shipment from the US as it seeks to end its reliance on Russian energy supplies ahead of a

Azerbaijan

Azerbaijan’s parliament urged the government to expel French companies, including TotalEnergies, which leads the second-largest natural gas project of Absheron. The move came after the

Ukraine

Ukraine’s chief diplomat announced plans to arrange a conversation with Chinese President Jinping as part of a summit initiative to advance Ukraine’s peace proposals. Foreign

Vietnam

Vietnam’s National Assembly has passed an amended law targeting the stakes investors can hold in local banks. According to the new law, set to be

Thailand

Thai PM Srettha has engaged with India’s Adani Group, which has expressed interest in investing in Thailand’s ambitious landbridge project. Additionally, Adani is in talks

Pakistan

Pakistan’s military conducted targeted strikes against militant bases in Iran, responding to an earlier attack by Tehran. This unusual escalation of hostilities has led to

India

India’s central bank (RBI) Governor, Das, stated that the bank will not consider interest rate cuts until inflation consistently aligns with the 4% target. Despite