Day: April 19, 2024

China

Goldman Sachs noted it expects Commodities to advance this year as the US and the Fed plan to cut interest rates, boosting industrial and consumer

Taiwan

The shift in global monetary policy dynamics, with Japan ending its ultra-loose monetary stance and Taiwan unexpectedly raising rates, has bolstered the Chinese yuan’s role

Panama

Malaysia’s economic outlook for 2024 anticipates modest inflation rates, with core inflation just below 2%. Bloomberg analysis suggests a softening in demand pressures amid a

Pakistan

The World Bank has committed to providing a USD 150 mln loan to support two projects in Pakistan aimed at improving infrastructure and digital systems.

Philippines

The Philippines strongly protested against China’s “aggressive actions” in the South China Sea, highlighting ongoing tensions over maritime sovereignty. This incident, involving the use of

Thailand

Thailand will launch a USD 14 stimulus package in Q4 2024 to rejuvenate its economy. The PM aims to target the stimulus towards boosting consumer

Ukraine

Ukraine’s central bank plans to transfer up to USD 1 bln of its profits to the national budget, mirroring its actions from the previous year.

Albania

S&P raised its sovereign rating of Albania from B+ to BB- with a stable outlook. The agency points to the continued improvement of sovereign fiscal

Georgia

Armenia and Georgia are committed to accelerating the border delimitation process, with Armenia supporting Georgia’s EU membership aspirations. This commitment follows a strategic partnership agreement

Russia

South Ossetia’s President Alan Gagloyev signed a decree on Monday setting a parliamentary election in the country for June 9, 2024. Only a week ago,

Russia

The recent terror attack at a Moscow concert venue has heightened tensions in Tajikistan and Kyrgyzstan, with Kyrgyzstan advising its citizens against traveling to Russia.

Israel

US Vice President Kamala Harris issued a stern warning to Israel against launching a major offensive on Rafah in Gaza, emphasizing the Biden administration’s concern

Ghana

Ghana’s central bank held its key interest rate at 29%. After a series of rate increases that began in 2021, which raised to a peak

Mozambique

Mozambique’s capital, Maputo, and its surrounding areas have experienced flooding due to heavy rains, disrupting services and traffic, including the Avenida 25 de Setembro. The

Senegal

Senegal’s sovereign USD bonds experienced a dramatic turnaround, shifting from being the day’s worst performers to the best in emerging markets. This change reflects investors’

South Africa

Support for the Democratic Alliance in South Africa’s Western Cape province has declined, potentially leading the party to seek a coalition to maintain governance after

DR Congo

Security has been heightened along the Uganda-DR Congo border following reports that Allied Democratic Force (ADF) rebels have infiltrated Uganda. Police and security agencies are

China

Zambia reached an agreement to restructure USD 3 bln in Eurobonds, marking a significant step towards resolving its debt default dilemma, which has been ongoing

Zimbabwe

Zambia and Zimbabwe are reopening bids for a USD 5 bln hydropower plant project, initially awarded to a Chinese state-owned company. The retendering comes amid

Costa Rica

Costa Rica approved a second supplementary budget for 2024, introducing a USD 700 mln loan from the Central American Bank for Economic Integration (CABEI). This

Honduras

Honduras’ witnessed robust economic growth in Q4 2023, with a 3.9% YoY expansion, topping an annual growth rate of 3.6%. Construction led the growth, surging

Peru

Peru’s Executive Cabinet has issued an emergency decree to enhance fiscal sustainability and budget efficiency, maintaining the fiscal rule’s current deficit target of 2.0% of