Fiji
Fiji’s central bank held the overnight policy rate steady at 0.25%, buoyed by the economy’s strong recovery, particularly in the tourism sector. This recovery has
March 8, 2024
Fiji’s central bank held the overnight policy rate steady at 0.25%, buoyed by the economy’s strong recovery, particularly in the tourism sector. This recovery has
Nepal’s inflation rate eased to 5.26% YoY by mid-January from 7.26% a year earlier, attributed mainly to controlled food price increases. The country’s foreign reserves
The EU has proposed sanctioning approximately 55 companies and over 60 individuals to mark the two-year anniversary of Russia’s invasion of Ukraine. These sanctions, aimed
The US Senate did not pass a draft bill concerning US border security and foreign aid funding, including aid for Ukraine, due to a lack
President Aliyev of Azerbaijan won the early presidential election with 93.9% of the vote, facing little competition from six candidates who supported his policies. This
The IMF’s Article IV report on Kazakhstan criticized the country’s fiscal policy, which deteriorated structurally last year. The Fund urged for a stronger National Bank
The Serbian central bank maintained its key rate at 6.5%, in line with expectations, and anticipates a further inflation slowdown to within the target range
The US conducted a drone strike in Iraq’s capital, Baghdad, eliminating a Kataib Hezbollah commander linked to recent attacks on American forces. The Pentagon stated
VNG AG, a German utility, has inked a landmark agreement with Sonatrach, the Algerian state energy behemoth, for Germany’s first pipeline gas delivery. This strategic
Angola plans to list Unitel, its largest telecom company, in 2024, capitalizing on the growing interest in emerging-market assets amid expectations of US interest rate
Abu Dhabi is negotiating a major investment in Egypt’s Mediterranean coast to develop premium land, potentially bolstering Egypt’s economy and easing its FX crisis. The
Mozambique aims to position itself as a leading hydropower producer in Africa and initiate a green hydrogen industry, planning to add 14,000 megawatts of hydropower
Namibia’s annual inflation rate declined to 5.4% in January 2024 from 7% in January 2023. The main drivers were food and non-alcoholic beverages and utilities,
Nigeria’s recent one-year bill auction attracted significant investor interest, with subscriptions exceeding the offer by over two times, following the central bank’s decision to raise
In other news, Nigeria’s central bank attributed the naira’s depreciation to Nigerians spending USD 40 bln on foreign education and medical tourism over the past
Rwanda has announced an 85.6 bln franc (1.7%) increase in its budget for the fiscal year ending June 2024, totaling recurrent expenditures of 2.9 tln
South Africa is set to streamline work permit requirements and introduce a visa category for remote workers to address its skills shortage. The proposed nomad
Uganda’s central bank secured UGX 1.3 tln (USD 339 mln) from a private placement Treasury bond auction, falling short of the UGX 1.5 tln target.
Colombia’s central bank governor cautioned against hasty interest rate reductions, which could necessitate future increases, amidst ongoing high inflation and potential price surges due to
Costa Rica saw a slight monthly inflation increase of 0.1% in January, influenced by a 7.65% rise in gas and electricity tariffs, counterbalanced by a
Fiji’s central bank held the overnight policy rate steady at 0.25%, buoyed by the economy’s strong recovery, particularly in the tourism sector. This recovery has
Nepal’s inflation rate eased to 5.26% YoY by mid-January from 7.26% a year earlier, attributed mainly to controlled food price increases. The country’s foreign reserves
The EU has proposed sanctioning approximately 55 companies and over 60 individuals to mark the two-year anniversary of Russia’s invasion of Ukraine. These sanctions, aimed
The US Senate did not pass a draft bill concerning US border security and foreign aid funding, including aid for Ukraine, due to a lack
President Aliyev of Azerbaijan won the early presidential election with 93.9% of the vote, facing little competition from six candidates who supported his policies. This
The IMF’s Article IV report on Kazakhstan criticized the country’s fiscal policy, which deteriorated structurally last year. The Fund urged for a stronger National Bank
The Serbian central bank maintained its key rate at 6.5%, in line with expectations, and anticipates a further inflation slowdown to within the target range
The US conducted a drone strike in Iraq’s capital, Baghdad, eliminating a Kataib Hezbollah commander linked to recent attacks on American forces. The Pentagon stated
VNG AG, a German utility, has inked a landmark agreement with Sonatrach, the Algerian state energy behemoth, for Germany’s first pipeline gas delivery. This strategic
Angola plans to list Unitel, its largest telecom company, in 2024, capitalizing on the growing interest in emerging-market assets amid expectations of US interest rate