Day: March 18, 2024

Bangladesh

Bangladesh’s GDP growth slowed to 6.07% in the July-September quarter from 8.76% the previous year. That marks the first time the agency has published a

China

China’s central bank maintained the interest rate for CNY 500 bln worth of one-year policy loans via the medium-term lending facility (MLF) at 2.5%, aiming

India

According to Goldman Sachs, India’s economic growth is expected to surpass 6% for the rest of the decade. The growth potential is adjusting towards approximately

Malaysia

Malaysia reported a current account surplus of 22.8 bln ringgit (USD 4.7 bln) in 2023, a decrease from 55.1 bln the previous year. The fourth

Ukraine

Russia’s central bank held its interest rate at 16%, with the governor indicating a “neutral” stance on future policy direction. The rate-setting board anticipates possible

Russia

In other news, the death of former Russian opposition leader Alexy Navalny was confirmed, with Western leaders blaming the Kremlin for his demise. Navalny became

Ukraine

Germany has announced a EUR 1.1 bln military aid package for Ukraine, focusing on air defense and artillery. This announcement came from a meeting between

Russia

According to data from Georgia’s central bank, money transfers from Russia to Georgia saw a significant decline of about 75% YoY in January. This drop

Afghanistan

Tajikistan plans to boost its electricity exports by 17% to Afghanistan despite the ongoing domestic shortages in the country. Tajikistan mainly exports electricity to neighboring

Israel

Hezbollah’s leader announced plans to escalate the group’s conflict with Israel, responding to recent Israeli strikes on its positions and civilian casualties. Hezbollah has engaged

Mali

Burkina Faso, Mali, and Niger are exploring the formation of a confederation, building on discussions among the foreign ministers of these nations for a long-term

Egypt

Egypt is reportedly constructing a wall and leveling land near its border with the Gaza Strip ahead of a potential Israeli offensive in Rafah. Satellite

Kenya

Kenya’s finance ministry expects a fiscal deficit of KES 703.9 bln for the fiscal year starting July 1, representing 3.9% of the GDP. The deficit

Senegal

Senegal’s government has called for discussions to set a new date for presidential elections following the Constitutional Council’s rejection of President Sall’s attempt to delay

Tunisia

According to the AfDB’s January report, Tunisia’s Real GDP growth is forecast to reach 2.1% in 2024 and 3.2% in 2025, up from 0.9% in

Brazil

Citigroup forecasts Brazil’s benchmark Selic rate to be 10% at the end of 2024. The central bank’s weekly survey shows economists projecting a 9% benchmark

Colombia

Colombian Finance Minister Bonilla endorsed a more aggressive reduction of the central bank’s benchmark interest rate, targeting 8% by year-end from 12.75%. This call for

Guatemala

Guatemala’s inflation slightly increased by 0.03% MoM in January, with the annual inflation rate reaching 3.82% YoY from 4.18% in December. Fitch affirmed Guatemala’s rating

Bangladesh

Bangladesh’s GDP growth slowed to 6.07% in the July-September quarter from 8.76% the previous year. That marks the first time the agency has published a

China

China’s central bank maintained the interest rate for CNY 500 bln worth of one-year policy loans via the medium-term lending facility (MLF) at 2.5%, aiming

India

According to Goldman Sachs, India’s economic growth is expected to surpass 6% for the rest of the decade. The growth potential is adjusting towards approximately

Malaysia

Malaysia reported a current account surplus of 22.8 bln ringgit (USD 4.7 bln) in 2023, a decrease from 55.1 bln the previous year. The fourth

Ukraine

Russia’s central bank held its interest rate at 16%, with the governor indicating a “neutral” stance on future policy direction. The rate-setting board anticipates possible

Russia

In other news, the death of former Russian opposition leader Alexy Navalny was confirmed, with Western leaders blaming the Kremlin for his demise. Navalny became

Ukraine

Germany has announced a EUR 1.1 bln military aid package for Ukraine, focusing on air defense and artillery. This announcement came from a meeting between

Russia

According to data from Georgia’s central bank, money transfers from Russia to Georgia saw a significant decline of about 75% YoY in January. This drop

Afghanistan

Tajikistan plans to boost its electricity exports by 17% to Afghanistan despite the ongoing domestic shortages in the country. Tajikistan mainly exports electricity to neighboring

Israel

Hezbollah’s leader announced plans to escalate the group’s conflict with Israel, responding to recent Israeli strikes on its positions and civilian casualties. Hezbollah has engaged

Mali

Burkina Faso, Mali, and Niger are exploring the formation of a confederation, building on discussions among the foreign ministers of these nations for a long-term

Egypt

Egypt is reportedly constructing a wall and leveling land near its border with the Gaza Strip ahead of a potential Israeli offensive in Rafah. Satellite