China
The IMF projects China’s GDP growth to be 4.6% in 2024, with a slowdown to 4% in 2025, attributed to ongoing challenges in the property
March 5, 2024
The IMF projects China’s GDP growth to be 4.6% in 2024, with a slowdown to 4% in 2025, attributed to ongoing challenges in the property
Germany plans to invest approximately EUR 1 bln in raw materials projects to lessen dependence on countries like China for critical minerals. This initiative, spurred
Indonesia achieved a 3.7% inflation rate in 2023, within the central bank’s 2%-4% target. For 2024, the target narrows to 1.5%-3.5%, with Bank Indonesia forecasting
The G7 and the EU are considering a strategy to utilize over USD 250 bln in frozen Russian central bank assets as collateral for funding
Republican lawmakers in the US House of Representatives plan to advance a new military aid package for Israel, excluding further assistance for Ukraine. This move
Kazakhstan’s central bank announced a reduction in planned FX sales from the National Oil Fund for regular budget transfers to USD 600-700 mln in February,
The US retaliated with airstrikes against Iranian forces and militias in Syria and Iraq following a drone attack that killed three American soldiers, escalating involvement
The IMF is nearing a new financial arrangement for Egypt, potentially exceeding USD 10 bln with contributions from partners like the World Bank. That comes
In other news, Suez Canal revenues in Egypt fell nearly 50% in January, impacted by Yemeni militants’ attacks on Red Sea vessels, leading shipping companies
Guinea’s government will host a fundraising round table on February 15-16 in the UAE, seeking up to USD 3.4 bln to support its development program.
A tragic explosion at an illegal liquid petroleum gas depot in Nairobi, Kenya, resulted in at least three deaths and 280 injuries, highlighting concerns over
Namibia is facing a critical household food security crisis, with 22% of the population currently experiencing acute food insecurity, a figure projected to increase to
S&P affirmed Nigeria’s rating (IDR) at B- with a stable outlook. The Tinubu administration’s introduction of significant reforms, including naira liberalization and fuel subsidy removal,
South Africa’s minimum hourly wage will see an 8.5% increase to 27.58 rand (USD 1.46) next month. This adjustment exceeds labor union inflation expectations but
Tanzania’s central bank projects a 5.5% GDP growth in 2024, driven by investments, reforms, favorable weather, and tourism recovery. The bank anticipates stable inflation at
Zambia has initiated debt-restructuring discussions with Chinese commercial creditors, marking progress in negotiations that began three years ago, with the country now engaging in separate
Argentine President Milei secured congressional approval for his economic reform package, albeit without key revenue-generating measures. The failure to pass a tax amnesty and temporary
Colombia’s central bank revised its end-2024 inflation forecast to 5.9% from 4.04%, reflecting adjustments for anticipated moderate impacts of the El Nino phenomenon on food
The EU imposed sanctions on five Guatemalan justice officials, including Attorney General Porras, for actions perceived as undermining democracy. These measures reflect international concern over
Paraguay’s annual inflation rate decreased to 3.4% in January 2024 from 3.7% the previous month, achieving its lowest level in two months. Inflation for food
Meanwhile, S&P upgraded Paraguay’s rating (IDR) to BB+ from BB, approaching investment grade, with a stable outlook. The rating reflects confidence in Paraguay’s fiscal policy
Peru’s finance ministry has assumed control over Petroperu from the energy and mines ministry, now holding a majority of its shares. This move comes as
The IMF projects China’s GDP growth to be 4.6% in 2024, with a slowdown to 4% in 2025, attributed to ongoing challenges in the property
Germany plans to invest approximately EUR 1 bln in raw materials projects to lessen dependence on countries like China for critical minerals. This initiative, spurred
Indonesia achieved a 3.7% inflation rate in 2023, within the central bank’s 2%-4% target. For 2024, the target narrows to 1.5%-3.5%, with Bank Indonesia forecasting
The G7 and the EU are considering a strategy to utilize over USD 250 bln in frozen Russian central bank assets as collateral for funding
Republican lawmakers in the US House of Representatives plan to advance a new military aid package for Israel, excluding further assistance for Ukraine. This move
Kazakhstan’s central bank announced a reduction in planned FX sales from the National Oil Fund for regular budget transfers to USD 600-700 mln in February,
The US retaliated with airstrikes against Iranian forces and militias in Syria and Iraq following a drone attack that killed three American soldiers, escalating involvement
The IMF is nearing a new financial arrangement for Egypt, potentially exceeding USD 10 bln with contributions from partners like the World Bank. That comes