Day: January 23, 2024

Costa Rica

Costa Rica’s central bank lowered its key interest rate by 25 bps points to 5.75%, continuing the trend from the previous meetings in October and

Colombia

S&P affirmed Colombia’s BB+ rating but shifted the outlook to negative from stable, driven by potential continued weak investor confidence that may impact GDP growth

Senegal

Senegal is preparing for elections, with 20 candidates cleared by the Constitutional Council to run in the February 25 polls. PM Amadou Ba, President Sall’s

Niger

Niger missed a USD 38.7 mln payment on a government bond, attributed to regional sanctions following a coup in July. This missed payment brings the

Morocco

Morocco’s annual inflation rate continued its downward trend, reaching 3.4% in December from 3.6% in the prior month, the lowest since January 2022, mainly driven

Mauritius

Mauritius’s Finance Minister projects the country’s GDP to grow 6.5% this year. The expansion is expected to be driven by a further increase in tourism

Libya

Libya is resuming oil exports and production from the Sharara oil field, its largest, which had been closed for approximately three weeks. Before the shutdown,

Ivory Coast

Ivory Coast has begun marketing a Eurobond, signaling a re-entry into a market closed to Sub-Saharan African borrowers for almost two years. The nation has

Iraq

US troops stationed in Iraqi Kurdistan have been conducting military training operations in the Erbil area, where US troops are based. There was no specific

Middle East

The UAE has called for an immediate ceasefire in the ongoing war in Gaza, highlighting the growing risk of regional escalation. The war has led

Uzbekistan

Uzbekistan experienced a significant increase in its foreign trade deficit last year, reaching USD 13.72 bln, up 24% from USD 11.04 bln in 2022. Exports

Serbia

Serbian President Vucic intensified his concerns to EU’s Ursula von der Leyen about Kosovo’s decision to implement a EUR-only policy from February 1st. The Serbian

Kyrgyzstan

Kyrgyz President Sadyr Japarov, in an interview with Kabar news agency, asserted that Kyrgyzstan will clear its foreign debt by 2035. He stated, “We will

Ukraine

Polish PM Tusk arrived in Ukraine yesterday for his first visit to Ukraine since his pro-European government took power last month. Tusk will seek to

Russia

EU EVP Dombrovskis announced that the EC has proposed using revenues from the frozen assets of Russia’s central bank to support Ukraine via the EU

Vietnam

According to S&P, Vietnam’s economy is expected to overcome the challenges posed by a sluggish property sector. The report suggests that exports, tourism, trade, and

Malaysia

Malaysia’s annual inflation rate remained steady at 1.5% in December, in line with forecasts and maintaining its lowest level since February 2021, with food prices

Asia

Moody’s holds a negative outlook on sovereign creditworthiness in the Asia-Pacific region for 2023. China’s post-pandemic economic rebound has been less robust than expected, with