Colombia
Colombia witnessed a 22% increase in gross fiscal revenue last year, reaching COP 278.9 tln (USD 71 bln). However, this fell short of the government’s
January 31, 2024
Colombia witnessed a 22% increase in gross fiscal revenue last year, reaching COP 278.9 tln (USD 71 bln). However, this fell short of the government’s
The IMF lowered Argentina’s economic outlook, predicting Argentina’s GDP to decrease by 2.8% in 2024, worsening from a 1.1% drop in 2023, amidst soaring inflation.
The IMF has lowered South Africa’s GDP growth projection to 1% this year, down from the previously forecasted 1.8%, citing logistical issues hampering economic activities.
Following a methodology change in determining exchange rates, Nigeria’s naira plummeted 31% to a historic low of 1,413 NGN per USD. This devaluation, the second
Kenya’s recent oil dispute with Uganda has led to an estimated loss of USD 200 mln over three months, The East African reported. Uganda, shifting
Kenya is exploring the option of accessing capital markets to address the repayment of its USD 2 bln Eurobond due in June. Concerns among investors
Ethiopia has called for an East African leaders’ summit to discuss its consideration of recognizing Somaliland as an independent state in exchange for Red Sea
The IMF has agreed to provide Cameroon with a USD 183 mln RSF Loan, with disbursements commencing after the first review. This loan aims to
Following Yevgeny Prigozhin’s death, Russia aims to replace the Wagner group’s mercenaries with a newly formed Africa Corps. This initiative seeks to bolster Russian military
Turkey has amended regulations to discourage investments in foreign currencies and support the lira. The central bank has increased costs for banks holding FX deposits
Despite challenging economic conditions, Jordan’s central bank governor, sharkas, anticipates economic stability with a growth rate of 2.6% in 2024 amid the broader impacts of
Moldova has applied to join the Single Euro Payment Area (SEPA), a move aimed at enhancing the transparency of its banking system following a series
Kyrgyzstan’s central bank maintained its rate at 13%, with annual inflation falling to 7.3% at the end of last year and GDP growth at 6.2%.
Armenia’s central bank lowered its refinancing rate to 8.75% from 9.25%, following a 25 bps cut in December. In December 2023, inflation stood at -0.6%.
Ukraine’s public and state-guaranteed debt rose by 35.4% in 2023, reaching a record high of UAH 5.5 tln (~ USD 145 bln). According to the
Russia’s central bank governor indicated the potential for a rate cut in H2 2024, emphasizing the need for a sustainable inflation slowdown. Meanwhile, Russian lenders’
The Philippines has secured a five-year deal to import up to 2 mln tons of rice annually from Vietnam to stabilize prices amid climate change.
Former Pakistani PM Imran Khan has been sentenced to a decade in prison amid allegations of divulging state secrets. This development comes just a week
Myanmar’s central bank has announced interventions to stabilize the USD-Kyat exchange rate amidst soaring open market rates. Despite the open market rate reaching around 3,500