Day: January 26, 2024

Colombia

Colombia is facing a national disaster due to widespread wildfires exacerbated by the El Nino weather phenomenon. With 31 separate fires reported and cities experiencing

Argentina

Argentina’s central bank successfully sold USD 2.45 bln in importer bonds at an auction, with participation from 690 firms. This sale brings the total amount

Zambia

Zambia’s annual inflation rate increased to a nearly two-year high of 13.2%, slightly up from 13.1% the previous month. The kwacha weakened by about 34%

Uganda

Uganda is in the final stages of negotiations with the UAE for the financing and construction of a new USD 4 bln domestic oil refinery

Tunisia

Tunisian bondholders remain confident in the country’s ability to meet its debt-repayment obligations over the next year despite uncertainty surrounding an IMF bailout. EUR-denominated bonds

South Africa

Moody’s views South Africa’s plan to introduce a new class of loss-absorbing debt, part of its bank-resolution framework, favorably for senior creditors. This proposal requires

South Africa

South Africa’s central bank maintained its benchmark interest rate at 8.25%, a level last seen in 2009. The bank’s quarterly projection model suggests the repurchase

Iran

White House energy adviser Hochstein stated that US sanctions have effectively reduced Iranian oil exports from around three mln bpd to approximately one mln bpd.

Uzbekistan

Uzbekistan’s central bank maintained its interest rate at 14%, with recent reductions in inflation and projections of 8-9% by year-end, ultimately aiming for a 5%

Tajikistan

Tajikistan’s PM Rasulzoda reported a GDP of TJS 130.8 bln in 2023, marking an 8.3% YoY growth. State budget revenues reached TJS 43.2 bln, exceeding

North Macedonia

The World Bank Board of Directors has approved a new strategy for North Macedonia for 2024-2028, focusing on stimulating growth and job creation. The plan

Serbia

The EU delegation in Kosovo and the US Embassy in Serbia have raised concerns regarding Kosovo’s decision to enforce the Euro as the sole legal

Ukraine

Ukraine’s central bank held its key rate steady at 15%, citing inflation close to its 5% target and expectations of moderate increases before a later

Thailand

Thailand’s PM Thavisin expressed concern over the country’s economic condition, describing it as being in a “crisis” due to significantly low GDP growth over the

India

HSBC estimates that Indian bonds could attract approximately USD 100 bln in inflows over the coming years, with foreign demand accounting for about 8%-9% of

India

Global funds are increasingly investing in India’s sovereign bonds due to expectations of the country’s inclusion in global debt indexes. India will likely announce a