Qatar
Qatar has expanded its LNG supply to India through a 20Y contract extension with Petronet LNG Ltd., now covering 7.5 mln tons annually until 2048,
March 7, 2024
Qatar has expanded its LNG supply to India through a 20Y contract extension with Petronet LNG Ltd., now covering 7.5 mln tons annually until 2048,
Sri Lanka plans to gradually remove restrictions on converting the local rupee to foreign currency, aligning with balance of payments improvements. This decision, pending parliamentary
Support for the US Senate’s immigration and foreign aid package is melting away, raising questions about alternative plans for aid to Ukraine (and Israel). The
Georgian President Zurabishvili on Tuesday denounced a reported Russian plan to set up a navy base in the breakaway Abkhazia region as a threat to
Olzhas Bektenov has been appointed as the new PM of Kazakhstan. Previously serving as the Chief of Staff to President Tokayev, Bektenov, promised to focus
Diamond giant De Beers has entered into several agreements with Angola to enhance diamond production and the development of alluvial mining, with plans to reassess
The Egyptian pound (EGP) has seen a marked appreciation on the black market, trading below 60 per USD after previously reaching over 70, following a
Ivory Coast faces a potential cocoa bean production shortfall of 70-100k tons due to prolonged weather crises, affecting global cocoa supply and driving prices to
Mauritius saw a 33% increase in tourism revenue in 2023, reaching 86 bln rupees, up from 64.845 bln rupees the previous year. The finance ministry
Morocco’s unemployment rate increased to 13% in 2023 from 11.8% in 2022, exacerbated by the country’s sixth consecutive year of severe drought impacting the primary
Moody’s views recent changes by Nigeria’s central bank as short-term credit negatives, diminishing banks’ profit generation from FX revaluation gains. Analysts noted that these changes
Senegal is experiencing heightened political tension after lawmakers voted to delay elections and extend President Sall’s term, leading to security force interventions and mobile internet
Uganda’s central bank held its benchmark rate at 9.5%, citing inflation rates below the medium-term target of 5%. Despite a slight upward revision of inflation
Brazil’s central bank expressed the need for further analysis of services inflation and labor market wage pressures despite continuing with gradual interest rate cuts, recently
Jamaica reported a JMD 13.6 bln primary surplus in December, a significant improvement from 5.2 bln in 2022, and a fiscal balance surplus of 3.3
Paraguay successfully issued a significant USD 500 mln in a new 7-year local currency note (PYG) at 7.9% and USD 500 mln in a new
Peru experienced a 3.4% YoY increase in tax revenues in January, marking the first annual gain in 11 months, attributed to heightened economic activity and
Donald Trump is considering imposing punitive trade measures against the EU to address unresolved issues from his first term, including tariffs on steel and aluminum.
India’s central bank maintained its policy repo rate at 6.5%, marking the sixth consecutive meeting without change amid moderated inflation within the target range. Despite
Manufacturing production in the Philippines grew by 2.6% YoY in December 2023, marking the highest rate in three periods and concluding the annual average growth
Thailand’s central bank held its key interest rate at 2.5%, showing the first dissent in over a year amidst government calls for lower borrowing costs
Ukraine’s central bank reported a decline in total FX reserves by approximately USD 2 bln or 5% MoM in January, reaching USD 38.5 bln. The
Confidence in Armenian PM Pashinyan has reached new lows, with only 28.3% of those polled expressing trust in him, while 66.4% indicated the opposite, according
Azerbaijan conducted early presidential elections today, with Mr. Aliyev facing no significant alternative candidates. That follows a victorious military campaign over Nagorno-Karabakh last year, further
Kazakh President Tokayev, during the extended government meeting which saw recent reshuffles, presented his national plan. He criticized the planned VAT hike from 2025 as
Moldova’s central bank has lowered its key rate by another 50 bps to 4.25%. That marks the seventh aggressive rate cut since August 2023, when
The Afghan government has paid USD 627 mln to neighboring countries, including Uzbekistan and Tajikistan, to settle all outstanding electricity bills. An official stated that
Officials from Angola and Botswana expressed concerns over the proposed G7 sanctions on Russian diamonds, warning of potential adverse effects on their diamond industries. Angolan
Benin’s debut in the USD bond market was highly successful, with demand exceeding the offering by over six times, signaling strong investor interest in emerging-market
Ethiopia is set to open its financial sector further by accepting applications for investment bank licenses in preparation for the launch of its stock exchange