Bangladesh
Bangladesh’s trade deficit declined significantly to USD 4.6 bln during the July-January period, down from USD 13.39 bln the previous year, with a notable 2.5%
April 9, 2024
Bangladesh’s trade deficit declined significantly to USD 4.6 bln during the July-January period, down from USD 13.39 bln the previous year, with a notable 2.5%
Fiji’s annual inflation rate rose to 4.6% in February, up from 3.6% in January, fueled by significant increases in food and housing prices. Consumer prices
India, alongside four European countries, signed a free trade agreement promising USD 100 bln in investments over 15 years, expected to create a million jobs.
Pakistan’s PM Sharif has appointed Muhammad Aurangzeb, a former JPMorgan executive, as the new finance minister amid economic challenges. Aurangzeb’s primary task is securing a
Vietnam’s public debt-to-GDP ratio has declined from 43.1% in 2021 to 37% by early 2024, well below the parliamentary cap of 60%. This fiscal prudence
S&P downgraded Ukraine’s sovereign credit rating from CCC to CC, indicating a negative outlook. The downgrade reflects the agency’s assessment that Ukraine is virtually certain
Azerbaijan’s Deputy PM Mustafayev has demanded the immediate return of four villages currently under Armenian control, asserting that these areas should not be part of
Moldova’s appeal to the EU focuses on preventing Transnistria from succumbing to Russian influence, emphasizing the strategic importance of supporting Moldova in the face of
Serbian President Vucic announced a re-run of the Belgrade municipal elections scheduled for June 2, following disputes over the initial results where the ruling SNS
The CASA-1000 project, aimed at constructing high-voltage power lines from Tajikistan and Kyrgyzstan to alleviate power shortages in Afghanistan and Pakistan, has been revitalized. Following
US President Biden has cautioned Israel against attacking Rafah in Gaza amid stalled cease-fire talks with Hamas as Ramadan begins. The hoped-for deal, aiming for
Jordan’s inflation rate eased to 1.57% YoY in February from 1.95% in January, with a monthly increase of 0.27%. In other news, S&P affirmed Jordan’s
The likelihood of government defaults in emerging markets, particularly in Africa and Latam, has decreased significantly this year, sparking a robust rally in previously unstable
The IMF projects Angola’s economy to grow by 2.6% in 2024, revising down the 2023 growth estimate to 0.5% due to a 6.1% contraction in
Fitch affirmed Benin’s B+ rating with a stable outlook, acknowledging the country’s strong economic growth, reform momentum, and effective debt management. The agency noted that
Egypt anticipates a World Bank financing announcement of USD 3 bln to support its budget, with a potential IMF agreement expansion from USD 3 bln
Rwanda is exploring the issuance of a green bond to enhance its fiscal health, as stated by Finance Minister Uzziel Ndagijimana, without specifying further details.
South Africa’s ANC party has seen a decline in support to below 40%, suggesting the likelihood of a coalition government following the upcoming elections on
In a recent report, Fitch noted that Tunisia’s banking sector is poised to continue supporting the nation’s growing financing needs in 2024, thanks to robust
Costa Rica secured a USD 350 mln World Bank loan for infrastructure projects enhancing climate and disaster resilience, focusing on flood control and repairing weather-damaged
The Dominican Republic reported a monthly inflation rate of 0.1% in February, with the annual CPI at 3.3%, maintaining stability from the previous month and
Honduras saw a 5.8% YoY increase in family remittances in February, reaching USD 680 mln, countering the significant drop in January. The total remittances for