Day: March 29, 2024

India

India’s economic performance surged past expectations, outpacing all economist predictions ahead of upcoming elections. The statistics ministry highlighted an 8.4% YoY GDP increase, driven by

Malaysia

Malaysia’s trade minister noted that the country is experiencing a positive influence on foreign direct investment due to the fluctuation of the ringgit. He emphasized

India

Nepal’s trade deficit for the first seven months of the current fiscal year escalated to over 811 bln rupees despite governmental efforts to curb it,

Pakistan

Pakistan’s electorate showcased a significant shift in sentiment against the influential military, which, despite the results, is expected to continue exerting considerable influence. The military’s

Ukraine

Russian President Putin intensified his warnings to the West regarding their support for Ukraine, suggesting the risk of a nuclear conflict over the war in

Russia

Armenian PM Pashinyan announced that Armenia has effectively suspended its engagement with the Russia-led Collective Security Treaty Organization (CSTO), hinting at a formal withdrawal if

Turkmenistan

Kazakhstan’s Minister of Water Resources and Irrigation, Nurzhan Nurzhigitov, reported reaching a consensus with Uzbekistan on sharing irrigation water from the Syrdarya River, a critical

Tajikistan

The IMF approved a 22-month PCI for Tajikistan, aimed at enhancing fiscal responsibility, modernizing economic and monetary policies, and promoting inclusive growth through structural reforms.

Tunisia

The recent decision by Russia to impose a six-month export ban on gasoline to several nations, including Libya, starting March 1, is anticipated to compel

Kenya

Kenya’s annual inflation rate decreased to 6.3% in February from 6.9% the previous month, with expectations for further declines as the recent shilling appreciation impacts

Senegal

Senegal’s opposition leaders have dismissed a suggestion to schedule the postponed elections for June 2, opposing the extension of President Sall’s term until his successor

South Africa

Diverging views have emerged among major investment banks regarding the future of South Africa’s local bond markets after a February selloff. Goldman Sachs finds the

South Africa

South African Reserve Bank Governor Kganyago emphasized that interest rates would remain high until inflation is within the target range, maintaining the benchmark rate at

Zambia

Zambia’s inflation rate increased for the eighth consecutive month to 13.5% in February, despite the kwacha’s recent appreciation, which is yet to fully impact inflation

Zambia

Zambian President Hakainde Hichilema has declared the country’s severe drought, impacting agriculture and hydropower, a national emergency. The persistent dry conditions have prompted a realignment

Argentina

Argentina engaged in discussions with the IMF on a new agreement to facilitate quicker liberation from capital controls through additional financial support. The fund is

Brazil

Brazil’s unemployment rate marginally rose to 7.6% in January, pausing a nine-month sequence of job market expansion, attributed mainly to seasonal influences amid an economic

Colombia

Colombia’s President Petro and Finance Minister Bonilla are advocating for a substantial reduction in interest rates at the upcoming central bank policy meeting, citing controlled

Paraguay

Paraguay’s Treasury has received approval for short-term financial advances totaling PYG 2 tln (approximately USD 275 million) from the central bank, aligning with the country’s

India

India’s economic performance surged past expectations, outpacing all economist predictions ahead of upcoming elections. The statistics ministry highlighted an 8.4% YoY GDP increase, driven by

Malaysia

Malaysia’s trade minister noted that the country is experiencing a positive influence on foreign direct investment due to the fluctuation of the ringgit. He emphasized

India

Nepal’s trade deficit for the first seven months of the current fiscal year escalated to over 811 bln rupees despite governmental efforts to curb it,

Pakistan

Pakistan’s electorate showcased a significant shift in sentiment against the influential military, which, despite the results, is expected to continue exerting considerable influence. The military’s

Ukraine

Russian President Putin intensified his warnings to the West regarding their support for Ukraine, suggesting the risk of a nuclear conflict over the war in

Russia

Armenian PM Pashinyan announced that Armenia has effectively suspended its engagement with the Russia-led Collective Security Treaty Organization (CSTO), hinting at a formal withdrawal if

Turkmenistan

Kazakhstan’s Minister of Water Resources and Irrigation, Nurzhan Nurzhigitov, reported reaching a consensus with Uzbekistan on sharing irrigation water from the Syrdarya River, a critical

Tajikistan

The IMF approved a 22-month PCI for Tajikistan, aimed at enhancing fiscal responsibility, modernizing economic and monetary policies, and promoting inclusive growth through structural reforms.

Tunisia

The recent decision by Russia to impose a six-month export ban on gasoline to several nations, including Libya, starting March 1, is anticipated to compel

Kenya

Kenya’s annual inflation rate decreased to 6.3% in February from 6.9% the previous month, with expectations for further declines as the recent shilling appreciation impacts

Senegal

Senegal’s opposition leaders have dismissed a suggestion to schedule the postponed elections for June 2, opposing the extension of President Sall’s term until his successor