China
China and the US held “professional, pragmatic, candid and constructive” discussions at the third financial group meeting, focusing on currency, financial stability, financial regulation, markets,
January 22, 2024
China and the US held “professional, pragmatic, candid and constructive” discussions at the third financial group meeting, focusing on currency, financial stability, financial regulation, markets,
Paraguay’s central bank lowered its policy rate by 25 bps to 6.5%, the sixth consecutive session of rate cuts. The bank’s decision was influenced by
The Dominican Republic’s fiscal deficit stood at 3.1% of GDP in 2023, slightly lower than in 2022. Total government spending increased by 10.7% YoY, while
Tanzania’s central bank set its benchmark interest rate at 5.5% for Q1 2024, a shift to an interest-rate-based monetary policy framework from a monetary-targeting framework
Nigeria’s central bank will hold its first monetary policy committee meeting under new Governor Cardoso on February 26-27. The meeting will mainly focus on addressing
Kenya’s tax revenue grew by 10% to 1.05 tln shillings in the six months through December, reaching 42% of the full-year target of 2.495 trillion
Ghana’s central bank has successfully raised about USD 1 bln through its Domestic Gold for Reserves Program, which was implemented to stabilize the local currency.
The AfDB has resumed operations in Ethiopia following the withdrawal of its international staff due to the assault of two staffers by security forces. The
Moody’s downgraded Egypt’s credit outlook to negative from stable, reflecting growing economic challenges. The local currency has experienced a rapid decline on the black market,
Disruptions in the Red Sea due to Houthi attacks are starting to affect the transportation of perishable food items like coffee and fruit. The necessity
Uzbekistan experienced a 9.6% decrease in gas production last year, a more significant drop than the 3.9% decline the previous year. The country, which exports
Serbia’s Ministry of Finance sold approximately USD 600 mln in local currency bonds in a single eight-year auction last week. This auction, following the Serbian
Kazakhstan’s central bank lowered its key interest rate by another 50 bps to 15.25%, aligning with expectations, driven by the ongoing deceleration of inflation, which
Armenian PM Pashinyan emphasized the need for a “new constitution” rather than mere amendments. He advocated for a constitution adopted through an unequivocal public vote
The EU is considering a reform of its EUR 5 bln Ukraine military aid fund. A proposal by the European External Action Service suggests creating
Russia’s current account surplus plummeted by 78.7% to USD 50.2 bln in 2023, down from a record USD 238 bln in 2022. The trade surplus
Malaysia’s GDP growth slowed to 3.4% in Q4 2023, below the expected 4.1%, as exports to China declined. This slower growth reflects challenges in construction
FDIs in China dropped in 2023 to the lowest level in three years, partly due to decreased willingness from Hong Kong and overseas companies to