India
India’s FX reserves hit a record high of USD 642.49 bln for the week ending March 15, marking the fourth consecutive week of increases. The
April 18, 2024
India’s FX reserves hit a record high of USD 642.49 bln for the week ending March 15, marking the fourth consecutive week of increases. The
Nepal is on the verge of finalizing an agreement with China under the Belt and Road Initiative (BRI), with Deputy PM Shrestha scheduled to visit
Pakistan is exploring new financing avenues by planning to issue up to USD 300 mln in Panda bonds, targeting Chinese investors. This initiative marks Pakistan’s
Russia declared a day of mourning following a terror attack at a concert venue near Moscow, resulting in at least 133 confirmed deaths and numerous
Russia’s central bank held its key interest rate at 16%, opting for caution despite a marginal slowdown in inflation and declining inflation expectations. With inflation
The IMF’s latest press release confirms a USD 880 mln disbursement for Ukraine, with growth estimates for 2023 at 5%, slightly below market predictions and
Moldova’s central bank lowered its monetary policy rate to 3.75%, positioning the rate below the current headline inflation rate of 4.3% YoY for February, which
Serbian President Vucic stated that the country might exit the Council of Europe if Kosovo, its former province, is admitted to the organization. This issue
Israeli Defense Minister Gallant’s upcoming visit to Washington occurs amid tense US-Israel relations, particularly over Israel’s operations in Gaza and defiance of US appeals for
The AfDB will provide USD 180 mln to support Burundi’s agriculture sector and the construction of a rail line connecting Burundi with Tanzania and the
Egyptian banks have successfully financed all import orders for essential commodities backlogged at ports, covering goods critical for the nation’s needs. Yet, financing for 13
Ethiopia’s PM, Abiy Ahmed, announced initiatives allowing foreign nationals to purchase real estate and opening retailing to international companies. These measures aim to improve the
Malawi’s President Chakwera requested USD 200 mln in food aid, declaring a state of natural disaster in 23 of 28 districts due to drought conditions
The IMF and Rwanda reached a staff-level agreement enabling Rwanda to access about USD 76.6 mln from the IMF’s RST and USD 88.9 mln from
Senegal is holding a presidential election with front-runners Amadou Ba, representing the ruling Benno Bokk Yakaar coalition, and Bassirou Diomaye Faye, supported by opposition leader
Moody’s raised Tanzania’s rating to B1 from B2, adjusting the outlook to stable. This upgrade reflects Tanzania’s economic resilience, diversified economy, and stable debt levels.
Moody’s upgraded Tunisia’s outlook to stable from negative while affirming the Caa2 ratings for both foreign-currency and local-currency issuer ratings. This adjustment reflects Moody’s expectation
Argentine President Milei issued an emergency decree to introduce a new pension formula tied to inflation, alongside a 12.5% one-time pension boost for April. This
Colombia’s central bank accelerated its pace of interest rate cuts to 12.25% to stimulate the economy, marking a more aggressive approach than previous adjustments. This
Costa Rica’s Central Bank cut its key interest rate by 50 bps to 5.25%, responding to a sustained decrease in inflation, which fell by 1.13%
Paraguay’s central bank lowered its key interest rate by 25 bps to 6% and signaled it continued monetary policy easing as inflation slows. Since August,