Fiji
The IMF projects Fiji’s economy to grow by 3% in 2023, stabilizing after a robust post-pandemic rebound. With Fiji’s improving fiscal health and a declining
April 10, 2024
The IMF projects Fiji’s economy to grow by 3% in 2023, stabilizing after a robust post-pandemic rebound. With Fiji’s improving fiscal health and a declining
India’s retail inflation accelerated to 5.09% YoY in February, surpassing the expected 5.04% and marginally higher than January’s 5.10%. The uptick is primarily due to
Pakistan’s PM, Sharif, has committed to gradually steering the country away from dependency on foreign loans, particularly IMF bailouts. In a recent federal cabinet meeting,
The Philippines experienced a 29.9% YoY increase in net FDI in December, reaching USD 0.83 bln, driven by growth in net debt instruments and reinvestment
Thailand’s Election Commission plans to request the Constitutional Court to dissolve the Move Forward Party, intensifying challenges for the group that secured the most seats
Russia is contemplating significant tax increases to generate up to RUB 4 tln (USD 44 bln) amid financial strains from the ongoing conflict in Ukraine.
Armenia’s central bank lowered its key interest rate by 25 bps to 8.50%. With annual CPI inflation at -1.7% in February 2023 and core inflation
The EU’s executive has endorsed the initiation of accession talks for Bosnia-Herzegovina, signaling progress for the nation that applied for EU membership in 2016. Bosnia,
Kazakhstan’s real GDP growth accelerated to approximately 4.2% in the first two months of 2024, building on a 3.9% YoY growth in January. Despite President
The US Ambassador to the Kyrgyzstan, Leslie Viguerie, indicated that Kyrgyzstan’s new law on foreign agents might restrict US assistance to the country. The ambassador
Moldova’s PM Dorin Recean emphasized countering Russian influence operations as the country approaches crucial elections, highlighting efforts to safeguard public opinion and electoral integrity from
Serbia’s gross FX reserves remained stable at an all-time high of EUR 25 bln, with net reserves increasing by around EUR 126 mln to EUR
Uzbekistan’s FX reserves declined by USD 1.2 bln in February, totaling USD 32.2 bln. The reduction resulted from selling approximately 300,000 ounces of gold and
Angola’s central bank is shifting its reserve strategy to increase EUR holdings, influenced by rising eurozone interest rates and diversification efforts away from the dollar.
Burundi’s primary opposition, the National Freedom Council (CNL), faced a significant rift as a faction ousted leader Agathon Rwasa, appointing Nestor Girukwishakae as the new
Following a substantial 38% devaluation on March 6, Bloomberg analysts suggest the Egyptian pound might strengthen further, supported by extensive central bank interventions and an
Absa Group Ltd.’s after-tax profit in Ghana was significantly impacted by hyperinflation, resulting in a 403 mln rand (USD 21.6 mln) reduction. The ongoing high
Guinea’s PM Amadou Oury Bah indicated that the military leadership is considering postponing the transition to civilian governance until at least 2025, focusing initially on
The IMF has reached a staff-level agreement with Guinea Bissau on economic policies supporting the next phases of their ECF. Approval of this review will
Rwanda has significantly reduced its dependency on diesel-generated electricity through a power trading partnership with Uganda, leading to the decommissioning of diesel plants in June
Russia increased its fuel exports to Senegal, with deliveries reaching 550,000 metric tons in just the first two months of 2024, a stark increase from
South Africa’s Electricity Minister Ramokgopa anticipates significant improvements in the nation’s electricity supply, projecting an addition of 6,000 megawatts from state sources by year-end. This
Tanzania has seen significant reductions in infant and child mortality rates, offering a pathway to economic growth through a potential demographic dividend, as highlighted in
Argentina’s central bank lowered its monetary policy rate from 100% to 80%. Alongside this rate cut, the bank removed the requirement for a minimum interest
Bolivia is exploring the issuance of a green bond valued between USD 500 mln and USD 1 bln. Finance Minister Montenegro highlighted the aim to
Colombian President Petro’s disapproval rating has risen to 63%, a 4 pp increase from the last survey, while his approval rating declined to 31%, according
Paraguay significantly narrowed its trade deficit to USD 16.17 mln in February, down from USD 204.3 mln the previous year. Exports surged by 69.8%, driven