Costa Rica
Costa Rica’s central bank faced criticism for its decision to reduce interest rates by only 25 bps, contrary to the more aggressive 1-point cut advocated
January 24, 2024
Costa Rica’s central bank faced criticism for its decision to reduce interest rates by only 25 bps, contrary to the more aggressive 1-point cut advocated
The Colombian peso, which had a significant risk premium in 2022 after President Petro’s election, has now reached a point where it appears expensive compared
Brazil successfully entered the debt markets with a record bond offering of USD 2.25 bln each in notes due in 2034 and 2054, with yields
Rwanda and Denmark have signed an agreement to cooperate in combating climate change and environmental conservation. Denmark has already achieved significant decarbonization milestones. Rwanda aims
Nigeria has applied changes to its FX trading, aiming to bridge the gap between the official and unofficial naira rates. The country’s financial crimes watchdog
Kenya is due to pay the IMF approximately 25 bln shillings (USD 154 mln) in interest and fees within the 12 months ending April 2024.
Guinea’s annual inflation rate increased to 9.3% in December, up from 8% in November. This rise is reflected in various sectors, with food prices rising
EKI Energy Services Ltd. of India and Ghana’s Jospong Group are exploring a partnership to generate carbon credits in Ghana, potentially worth USD 1 bln.
Deutsche Bank AG has reappointed Jamal Al Kishi as the CEO for the Middle East and Africa four years after he left to lead a
Kosovo PM Kurti reiterated yesterday that Kosovo’s EU accession process should be uncoupled from the normalization requirement of the country’s bilateral relations with Serbia. Earlier
The Georgian Ministry of Internal Affairs has stated that in 2023 more Russians have left the country than entered it. On a net basis, the
The Russian government supports the extension of mandatory FX sales by major exporters for all of 2024. These measures proved to be effective and helped
EU members are considering an embargo on Russian aluminum as part of the 13th package of sanctions. Reports emerged last week that the European bloc
According to the Sri Lankan central bank governor Weerasinghe, the country’s inflation will likely exceed 7% in January, primarily due to the recent VAT rise
Philippine President Marcos Jr. expressed support for amending the nation’s Constitution, highlighting the need to revise restrictive economic provisions and potentially adjust political term limits.
The World Bank began discussions with Pakistan for additional loans, presenting a formal offer of USD 425 mln to support microfinance banks and social sector
Fitch affirmed South Africa’s rating (IDR) at BB- with a Stable Outlook. The rating reflects several challenges, including low GDP growth, high inequality, and a