Day: March 14, 2024

India

Indian PM Modi has agreed with the UAE to progress on a significant trade corridor connecting India through the Middle East to Europe. This development

Indonesia

Indonesia’s Defense Minister Prabowo Subianto announced his victory in the presidential election, with support indicated by independent pollsters. Prabowo’s administration will take over a USD

China

Laos generated an estimated USD 1.4 bln from agricultural exports in 2023, surpassing government targets by 20.18% and marking a 3.4% growth in agriculture and

Nepal

Nepal’s outstanding domestic debt reached 20.91% of its GDP in 2022, positioning it higher than most South Asian countries except Bhutan. The total domestic loan

Philippines

The Philippines is exploring the issuance of floating-rate bonds among new debt instruments in response to potential interest rate cuts. The country’s central bank, maintaining

Ukraine

Republican presidential candidate Nikki Haley gave her support to the legislation allowing the US to seize Russian sovereign assets to fund Ukraine’s reconstruction, aligning her

Ukraine

Ukraine’s military reported the destruction of a large Russian landing ship, the Caesar Kukinov, in the Black Sea near occupied Crimea, struck by drones while

Azerbaijan

Following a recent border incident, Armenian PM Pashinyan affirmed Armenia’s commitment to the peace process with Azerbaijan, emphasizing that Armenian forces are ordered to avoid

Azerbaijan

Azerbaijan’s foreign trade surplus fell to USD 10.3 bln last year from USD 27.1 bln in 2022 due to a significant decrease in exports (USD

Serbia

Serbia’s current account deficit contracted to EUR 1.8 bln last year from EUR 4.2 bln in 2022, as reported by the central bank. This improvement,

Ghana

Ghana’s annual inflation rate slightly increased to 23.5% in January, up from 23.2% the previous month, remaining significantly above the central bank’s target range of

Namibia

Namibia’s central bank held its key lending rate at 7.75%, aiming to support the economy and maintain the currency peg with the South African rand.

South Africa

South Africa is intensifying regulatory scrutiny over legal and real estate sectors to meet the Financial Action Task Force’s (FATF) requirements for exiting its “gray

Zambia

Zambia’s central bank increased its benchmark interest rate by 150 bps to 12.5%, marking the fifth consecutive hike within a year and the largest in

Bolivia

Bolivia and Argentina have reached an agreement for Argentina to settle overdue payments for 2023’s natural gas exports. This financial influx is crucial for alleviating

Colombia

Colombia has obtained USD 1.3 bln from multilateral and bilateral lenders to finance its budget deficit and support the peace process. Agreements include two loans

Costa Rica

Costa Rican opposition legislators have approved a USD 400 mln green loan from the IADB and the AFD contingent on allocating 40% of the funds

Peru

Peruvian President Boluarte inaugurated four new ministers, including the finance and energy and mines ministries, marking the most significant cabinet reshuffle in her 14-month administration

India

Indian PM Modi has agreed with the UAE to progress on a significant trade corridor connecting India through the Middle East to Europe. This development

Indonesia

Indonesia’s Defense Minister Prabowo Subianto announced his victory in the presidential election, with support indicated by independent pollsters. Prabowo’s administration will take over a USD

China

Laos generated an estimated USD 1.4 bln from agricultural exports in 2023, surpassing government targets by 20.18% and marking a 3.4% growth in agriculture and

Nepal

Nepal’s outstanding domestic debt reached 20.91% of its GDP in 2022, positioning it higher than most South Asian countries except Bhutan. The total domestic loan

Philippines

The Philippines is exploring the issuance of floating-rate bonds among new debt instruments in response to potential interest rate cuts. The country’s central bank, maintaining

Ukraine

Republican presidential candidate Nikki Haley gave her support to the legislation allowing the US to seize Russian sovereign assets to fund Ukraine’s reconstruction, aligning her

Ukraine

Ukraine’s military reported the destruction of a large Russian landing ship, the Caesar Kukinov, in the Black Sea near occupied Crimea, struck by drones while

Azerbaijan

Following a recent border incident, Armenian PM Pashinyan affirmed Armenia’s commitment to the peace process with Azerbaijan, emphasizing that Armenian forces are ordered to avoid

Azerbaijan

Azerbaijan’s foreign trade surplus fell to USD 10.3 bln last year from USD 27.1 bln in 2022 due to a significant decrease in exports (USD

Serbia

Serbia’s current account deficit contracted to EUR 1.8 bln last year from EUR 4.2 bln in 2022, as reported by the central bank. This improvement,

Ghana

Ghana’s annual inflation rate slightly increased to 23.5% in January, up from 23.2% the previous month, remaining significantly above the central bank’s target range of

Namibia

Namibia’s central bank held its key lending rate at 7.75%, aiming to support the economy and maintain the currency peg with the South African rand.