China
China has committed to sustaining its spending levels this year amid revenue challenges, highlighting the dilemma of bolstering the slowing economy without intensifying local debt
March 4, 2024
China has committed to sustaining its spending levels this year amid revenue challenges, highlighting the dilemma of bolstering the slowing economy without intensifying local debt
Indian bonds experienced a rally, with the benchmark 10Y yield dropping significantly after the government announced a borrowing program below market expectations. For FY24-25, the
In other news, India plans to reduce funding for its food subsidy program, which provides free wheat and rice to hundreds of millions. The allocation
Indonesia’s S&P manufacturing PMI increased to 52.9 in January from 52.2 in December, marking the 29th consecutive month of sector expansion. This growth was supported
Pakistan’s inflation rate decreased to 28.34% YoY in January from 29.66% in December. Despite this slight ease, the central bank maintained borrowing costs at a
EU leaders reached an agreement after Hungarian PM Viktor Orban agreed to lift his veto on a EUR 50 bln financial aid package for Ukraine.
Ukrainian President Zelensky is considering the dismissal of Valeriy Zaluzhnyi, head of the armed forces, with Kyrylo Budanov, head of military intelligence, and Oleksandr Syrskyi,
Armenia officially joined the International Criminal Court (ICC) following the ratification of its statute in October. This move, which aligns Armenia with ICC rulings, including
The Georgian Dream party announced outgoing chairman Irakli Kobakhidze as the next prime minister amid government changes, with former PM Garibashvili taking over as party
Kazakhstan’s inflation decelerated to 9.5% YoY in January from 9.8% in December. The central bank’s latest forecasts suggest inflation will be between 7.5% and 9.5%
Uzbekistan’s inflation rate declined to 8.58% YoY in January from 8.77% in December. The central bank has maintained a 14% rate since its last reduction
Algeria has expressed readiness to extend OPEC+ oil supply restrictions past March or adopt additional measures if market conditions necessitate. As part of a collective
An IMF mission in Egypt has extended its stay for critical discussions on a potential deal worth over USD 10 bln to address the nation’s
Mauritius saw a 3% QoQ increase in public sector debt, reaching approximately 512 bln rupees in December, as reported by the Finance Ministry. Despite this
Nigeria’s central bank liberalized exchange rate quotes for International Money Transfer Operators (IMTOs), allowing them to use prevailing market rates as of a January 31
In other news, the IMF forecasts Nigeria’s inflation to decrease to 23% YoY in 2024 and 15.5% in 2025, down from 28.92% in December 2023.
Tunisia is contemplating a significant move to borrow up to 7 bln Tunisian dinars (USD 2.25 bln) from its central bank to finance its budget
The IMF has approved a USD 4.7 bln disbursement to Argentina as part of a renegotiated USD 44 bln program, marking a significant step under
Brazil, Colombia, and Chile continue their monetary easing policies with new interest rate cuts, diverging from the Fed’s stance on US borrowing costs. These nations
The Dominican Republic’s central bank held its key interest rate at 7.00% for the second consecutive month. The country’s headline and core inflation stood at
Paraguay is close to achieving investment-grade status, as indicated by its finance minister amid preparations for a dollar bond sale and potential local currency note
China has committed to sustaining its spending levels this year amid revenue challenges, highlighting the dilemma of bolstering the slowing economy without intensifying local debt
Indian bonds experienced a rally, with the benchmark 10Y yield dropping significantly after the government announced a borrowing program below market expectations. For FY24-25, the
In other news, India plans to reduce funding for its food subsidy program, which provides free wheat and rice to hundreds of millions. The allocation
Indonesia’s S&P manufacturing PMI increased to 52.9 in January from 52.2 in December, marking the 29th consecutive month of sector expansion. This growth was supported
Pakistan’s inflation rate decreased to 28.34% YoY in January from 29.66% in December. Despite this slight ease, the central bank maintained borrowing costs at a
EU leaders reached an agreement after Hungarian PM Viktor Orban agreed to lift his veto on a EUR 50 bln financial aid package for Ukraine.
Ukrainian President Zelensky is considering the dismissal of Valeriy Zaluzhnyi, head of the armed forces, with Kyrylo Budanov, head of military intelligence, and Oleksandr Syrskyi,
Armenia officially joined the International Criminal Court (ICC) following the ratification of its statute in October. This move, which aligns Armenia with ICC rulings, including
The Georgian Dream party announced outgoing chairman Irakli Kobakhidze as the next prime minister amid government changes, with former PM Garibashvili taking over as party