Day: April 16, 2024

China

China is preparing to issue special ultra-long sovereign bonds through public auctions in the interbank market, potentially extending up to 50 years. This issuance, part

Indonesia

Indonesia’s central bank held its benchmark interest rate at 6%, the highest in nearly five years, to bolster the rupiah while fostering economic growth through

Philippines

Philippines President Ferdinand Marcos Jr. expressed concerns over escalating threats from China’s expansive maritime claims in the South China Sea, emphasizing the Philippines’ efforts to

Vietnam

Vietnamese President Vo Van Thuong has resigned, marking him as the latest high-profile official to leave amid investigations into the country’s leadership. This event raises

Ukraine

Ukraine’s PM said blocked US funding could arrive as soon as this month and that the scope of recruiting fresh troops for the front line

Ukraine

EC President Ursula von der Leyen presented proposals that would change how the EU admits new members, Politico’s Brussels Playbook newsletter reports, citing a draft

Iraq

Iraq intends to limit its crude oil exports to 3.3 million bpd in the upcoming months, adjusting for surpassing its OPEC+ quota earlier this year.

Angola

Angolan government employees initiated a three-day strike demanding higher wages and reduced taxes, driven by escalating living costs in the nation. Labor unions have called

Botswana

Botswana’s Parliament endorsed an elevation of the domestic borrowing limit from 30 bln pula to 55 bln, with the government aiming to finance the anticipated

Burundi

The AfDB will allocate a USD 80 mln grant to enhance Burundi’s agriculture sector within the year. This funding is part of broader discussions on

Cote d’Ivoire

Côte d’Ivoire is advancing towards fulfilling the prerequisites for OPEC membership following significant offshore oil discoveries by ENI, including a well with up to 1.5

Ghana

Ghana’s GDP grew 3.8% in Q4 2023, up from 2.2% in Q3, marking its quickest expansion in a year, despite a challenging annual performance with

Morocco

The US approved the sale of 612 Javelin missiles and 200 launch units to Morocco, valued at USD 260 mln. This military deal is aimed

Namibia

Germany plans to establish an ambitious green hydrogen project in Namibia, indicating potential for enhanced financial backing. The EUR 10 bln Hyphen project, involving Enertrag

South Africa

South Africa’s inflation rate rose to a four-month peak, reinforcing the likelihood that the central bank will maintain the existing interest rates in the upcoming

Sudan

Sudan has announced force majeure on its commitment to transport South Sudan’s crude oil due to a pipeline rupture amid the ongoing civil conflict, significantly

Tunisia

Tunisia and Libya temporarily shut the Ras Jedir border crossing amid armed skirmishes, impacting the significant movement of people and goods between the two nations.

Bolivia

The European Union has allocated USD 33.6 mln to Bolivia for environmental conservation efforts, focusing on forest preservation, water resource management, and enhancing disaster risk

Costa Rica

Costa Rica experienced a widening trade deficit of USD 377 mln in February, escalating from the previous year’s USD 286 mln. The rise was driven

Honduras

Honduras’s monthly economic activity index (IMAE) rose by 4.8% YoY in January, outpacing December’s 4.7% increase and the overall 3.8% growth in 2023. Notably, the