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At the G20 meeting in Brazil, finance leaders expressed optimism about the global economy achieving a soft landing, buoyed by quicker-than-anticipated disinflation. However, the draft
March 27, 2024
At the G20 meeting in Brazil, finance leaders expressed optimism about the global economy achieving a soft landing, buoyed by quicker-than-anticipated disinflation. However, the draft
The Bangladeshi government announced an increase in electricity prices, varying from 34 to 70 paisas per unit, effective from March. This decision, aimed at reducing
Indonesia faces potential budget deficit expansion in 2025, with Finance Minister Indrawati indicating a possible increase to 2.45%-2.8% of GDP to accommodate President-elect Subianto’s policies,
Malaysia’s central bank is coordinating with various stakeholders to promote continuous FX market inflows, emphasizing the ringgit’s undervalued status against the USD. The bank’s governor
Sri Lanka has launched a 20 bln rupees support program for SMEs financed through an Asian Development Bank credit line. The initiative will allocate 15
Thailand reported 5.98 mln foreign tourist arrivals from the year’s start, generating 290.9 bln baht in revenue, driven by visa waivers for visitors from countries
South Korea’s Defense Minister reported North Korea accelerated shipments to Russia since a summit between President Putin and Kim Jong Un. In exchange, Russia is
US Treasury Secretary Yellen has urged major economies to devise strategies to leverage frozen Russian assets to support Ukraine. During discussions among the G7 nations,
Azerbaijan’s central bank conducted an FX auction where lenders requested USD 105.1 mln, a decrease from the previous USD 108.1 mln. The demand was fully
Georgia’s Black Sea electric cable project’s feasibility study, conducted by CESI, is expected to be completed in July. This initiative, involving Georgia, Azerbaijan, Hungary, and
Kyrgyzstan’s central bank held its key interest rate at 13%, reflecting the country’s positive economic trends. Real GDP grew by 7.4% in January 2024, driven
Russia announced a six-month suspension of gasoline exports starting 1 March, except for supplies to Uzbekistan, to meet increased seasonal domestic demand. The decision, proposed
The Presidents of Iraq and Armenia met to discuss strengthening bilateral relations across various sectors, including economy, trade, and investment. This meeting underscores the intent
Nigeria’s Central Bank raised interest rates by a significant 400 bps to 22.75% to combat runaway inflation and stabilize the naira, which has lost about
The US plans to provide a USD 250 mln loan to the Nigeria-based Africa Finance Corporation (AFC) to support infrastructure development across Africa, pending congressional
Ghana is nearing the completion of renegotiations with five independent power producers, anticipated to save USD 9.1 bln over the projects’ lifespans. This renegotiation effort,
Morocco aims to increase its tourist arrivals by one million annually leading up to the 2030 FIFA World Cup, which it will co-host with Spain
Senegalese leaders across various sectors have proposed holding presidential elections in June to resolve ongoing instability. Senegal’s performance in emerging markets has been poor this
South Africa is coordinating with its national power utility, Eskom, to determine the funding needed to expand its transmission network, essential for integrating more renewable
Bolivia’s central bank is introducing USD-denominated bonds as a new saving alternative for residents, aiming to bolster FX reserves. This initiative targets the redirection of
Brazil’s early February annual inflation rate rose to 4.49% YoY, above the bank’s 3% target, indicating a prolonged battle against inflation amid an economic slowdown
Costa Rica’s Legislative Assembly is moving forward with a bill to ban oil and gas exploration and exploitation, continuing a moratorium that has been in
The Peruvian government has announced plans to support the state-owned oil company Petroperu, with guaranteed funding through a state bank. The finance minister highlighted the
At the G20 meeting in Brazil, finance leaders expressed optimism about the global economy achieving a soft landing, buoyed by quicker-than-anticipated disinflation. However, the draft
The Bangladeshi government announced an increase in electricity prices, varying from 34 to 70 paisas per unit, effective from March. This decision, aimed at reducing
Indonesia faces potential budget deficit expansion in 2025, with Finance Minister Indrawati indicating a possible increase to 2.45%-2.8% of GDP to accommodate President-elect Subianto’s policies,
Malaysia’s central bank is coordinating with various stakeholders to promote continuous FX market inflows, emphasizing the ringgit’s undervalued status against the USD. The bank’s governor
Sri Lanka has launched a 20 bln rupees support program for SMEs financed through an Asian Development Bank credit line. The initiative will allocate 15
Thailand reported 5.98 mln foreign tourist arrivals from the year’s start, generating 290.9 bln baht in revenue, driven by visa waivers for visitors from countries
South Korea’s Defense Minister reported North Korea accelerated shipments to Russia since a summit between President Putin and Kim Jong Un. In exchange, Russia is