Day: March 6, 2024

Indonesia

Indonesia’s economy grew by 0.45% QoQ in Q4 2023, slightly outpacing expectations and marking the third consecutive period of growth, albeit at a slower pace.

China

The Maldives’ new president committed to bolstering the military for maritime defense, signaling the start of Indian troop withdrawal from March 10, to be completed

Bangladesh

Nearly a hundred Myanmar Border Guard Police fled to Bangladesh amid clashes with the Arakan Army in Rakhine state, seeking refuge from the conflict. The

Thailand

Thailand’s finance ministry plans a 20 bln baht bond switch on February 28 to enhance liquidity and manage government debt. The LB249A series, maturing in

Ukraine

Ukrainian President Zelensky hinted at a major shake-up of his country’s government, stating a “reset” was needed to revive the struggling war effort, adding that

Kazakhstan

The Kazakh President accepted the government’s resignation, appointing Roman Skylar as the acting PM. Although the timing was unexpected, the notion of the previous Cabinet

Tajikistan

Tajikistan and Kyrgyzstan have reached an agreement on the demarcation of a 5 km section of their state border. It’s important to note that the

Israel

Israel’s foreign minister expressed urgency in resolving the presence of Hezbollah fighters along its northern border with Lebanon amid almost daily exchanges of fire since

Iraq

Iraq is considering a significant shift in its oil sales strategy by moving away from the 20Y practice of exclusively using the USD amid concerns

Benin

Benin plans to issue its first-ever USD-denominated bond, aiming to raise about USD 750 mln this month. The proposed bond is expected to be issued

Mozambique

Mozambique’s decision to halt hydropower supply to South Africa threatens the electricity supply for Africa’s most industrialized economy and the Mozal aluminum smelter’s operations. South

Nigeria

Nigeria’s central bank has hired Deloitte for a comprehensive investigation into FX claims after discovering USD 2.4 bln in invalid foreign overdue claims. These findings,

Rwanda

Rwanda’s trade deficit widened to USD 367.2 mln in December, up from USD 305.83 mln the previous month, with imports and exports increasing by 22.1%

Senegal

Senegal’s Eurobonds experienced a sharp decline following President Sall’s indefinite postponement of the presidential elections and the subsequent cut in mobile internet access amid a

Zambia

KoBold Metals announced the discovery of a significant copper deposit in Zambia, potentially bolstering the country’s position as Africa’s second-largest copper producer. The startup, leveraging

Colombia

Colombia plans to secure USD 5.5 bln in overseas financing in 2024, comprising USD 2.5 bln from bond sales and the remainder from multilateral loans,

Costa Rica

Costa Rica’s central bank estimates a 5.1% GDP growth for 2023, attributed to strong exports, certain agricultural sectors, a tourism rebound, and increased FDI. The

Paraguay

Paraguay is issuing a 12Y USD bond to refinance existing debt following a recent S&P rating upgrade to just below investment grade. The bonds, maturing

Paraguay

Additionally, Paraguay is offering a 7Y local currency bond due in 2031 with an anticipated yield in the low eight percent range, intending to use

Indonesia

Indonesia’s economy grew by 0.45% QoQ in Q4 2023, slightly outpacing expectations and marking the third consecutive period of growth, albeit at a slower pace.

China

The Maldives’ new president committed to bolstering the military for maritime defense, signaling the start of Indian troop withdrawal from March 10, to be completed

Bangladesh

Nearly a hundred Myanmar Border Guard Police fled to Bangladesh amid clashes with the Arakan Army in Rakhine state, seeking refuge from the conflict. The

Thailand

Thailand’s finance ministry plans a 20 bln baht bond switch on February 28 to enhance liquidity and manage government debt. The LB249A series, maturing in

Ukraine

Ukrainian President Zelensky hinted at a major shake-up of his country’s government, stating a “reset” was needed to revive the struggling war effort, adding that

Kazakhstan

The Kazakh President accepted the government’s resignation, appointing Roman Skylar as the acting PM. Although the timing was unexpected, the notion of the previous Cabinet

Tajikistan

Tajikistan and Kyrgyzstan have reached an agreement on the demarcation of a 5 km section of their state border. It’s important to note that the

Israel

Israel’s foreign minister expressed urgency in resolving the presence of Hezbollah fighters along its northern border with Lebanon amid almost daily exchanges of fire since

Iraq

Iraq is considering a significant shift in its oil sales strategy by moving away from the 20Y practice of exclusively using the USD amid concerns

Benin

Benin plans to issue its first-ever USD-denominated bond, aiming to raise about USD 750 mln this month. The proposed bond is expected to be issued

Mozambique

Mozambique’s decision to halt hydropower supply to South Africa threatens the electricity supply for Africa’s most industrialized economy and the Mozal aluminum smelter’s operations. South