Day: March 22, 2024

Malaysia

Malaysia’s annual inflation rate remained steady at 1.5% YoY in January, staying at its lowest since February 2021. Core inflation rose 1.8% YoY, the lowest

Pakistan

Pakistan is seeking a new IMF loan of at least USD 6 bln to manage its debt obligations. This EFF aims to support policies addressing

Sri Lanka

Sri Lanka’s hard-currency bonds saw a third consecutive day of gains following the submission of a new debt restructuring proposal to bondholders. BofA recommended purchasing

Ukraine

Reuters reported that IMF officials and the Ukrainian government agreed on a staff-level arrangement for the next disbursement of approximately USD 880 mln from Ukraine’s

Kyrgyz Republic

Kyrgyzstan’s parliament has passed the second reading of a controversial bill targeting NGOs, requiring those receiving foreign funding to register as “foreign representatives” and undergo

Serbia

Following a report of Serbia’s inflation decreasing to 6.4%, the central bank announced a reduction in its one-year forward inflation expectation to 4.2% from 4.3%

Japan

Uzbekistan plans to increase its gas imports from Russia nearly 3.6-fold to 11.7 bln cubic meters annually by 2030, as per a government decree. This

Iran

Houthi militants, supported by Iran, are preparing for an extended conflict around the Red Sea amid rising tensions with the US, aiming to continue targeting

Botswana

Botswana’s central bank held its benchmark interest rate at 2.40%, projecting an average inflation rate of 4% for the year, lower than the previously estimated

Japan

Kenya aims to secure approximately USD 500 mln through a bond sale in Japan, with interest rates projected between 1%-2%. This move seeks more affordable

Mali

Mali is negotiating with banks to restructure approximately 300 bln CFA francs (USD 989 mln) of its state-owned Energy du Mali SA’s debt. The Minister

Morocco

Morocco’s annual inflation rate decreased to 2.3% in January 2024, continuing a five-month decline primarily due to slower food price increases. Transportation prices remained stable,

Nigeria

Nigeria’s GDP growth accelerated to 3.46% in Q4 2023, surpassing expectations with the non-oil sector as a significant contributor. The services sector grew by 3.98%,

Rwanda

Rwanda’s central bank held its key interest rate at 7.5%, with the annual inflation rate falling to 3.1% in January 2024. Inflation is projected to

Argentina

Argentina is required by London’s Court of Appeal to pay a EUR 310 mln deposit in a legal case with hedge funds seeking USD 1.5

Colombia

Colombian Finance Minister Bonilla advocated for accelerated interest rate reductions to foster economic growth in 2023, emphasizing the need for lower commercial bank rates to

Peru

Peru’s economy shrank by 0.6% in 2023 compared to the previous year, marking its second-worst contraction in over 30 years due to political unrest and

Malaysia

Malaysia’s annual inflation rate remained steady at 1.5% YoY in January, staying at its lowest since February 2021. Core inflation rose 1.8% YoY, the lowest

Pakistan

Pakistan is seeking a new IMF loan of at least USD 6 bln to manage its debt obligations. This EFF aims to support policies addressing

Sri Lanka

Sri Lanka’s hard-currency bonds saw a third consecutive day of gains following the submission of a new debt restructuring proposal to bondholders. BofA recommended purchasing

Ukraine

Reuters reported that IMF officials and the Ukrainian government agreed on a staff-level arrangement for the next disbursement of approximately USD 880 mln from Ukraine’s

Kyrgyz Republic

Kyrgyzstan’s parliament has passed the second reading of a controversial bill targeting NGOs, requiring those receiving foreign funding to register as “foreign representatives” and undergo

Serbia

Following a report of Serbia’s inflation decreasing to 6.4%, the central bank announced a reduction in its one-year forward inflation expectation to 4.2% from 4.3%

Japan

Uzbekistan plans to increase its gas imports from Russia nearly 3.6-fold to 11.7 bln cubic meters annually by 2030, as per a government decree. This

Iran

Houthi militants, supported by Iran, are preparing for an extended conflict around the Red Sea amid rising tensions with the US, aiming to continue targeting

Botswana

Botswana’s central bank held its benchmark interest rate at 2.40%, projecting an average inflation rate of 4% for the year, lower than the previously estimated

Japan

Kenya aims to secure approximately USD 500 mln through a bond sale in Japan, with interest rates projected between 1%-2%. This move seeks more affordable

Mali

Mali is negotiating with banks to restructure approximately 300 bln CFA francs (USD 989 mln) of its state-owned Energy du Mali SA’s debt. The Minister

Morocco

Morocco’s annual inflation rate decreased to 2.3% in January 2024, continuing a five-month decline primarily due to slower food price increases. Transportation prices remained stable,

Nigeria

Nigeria’s GDP growth accelerated to 3.46% in Q4 2023, surpassing expectations with the non-oil sector as a significant contributor. The services sector grew by 3.98%,