India
India’s fiscal deficit expanded to INR 15 tln in April-February 2023-24, accounting for 86.5% of this year’s forecast, compared to 82.8% during the same period
April 24, 2024
India’s fiscal deficit expanded to INR 15 tln in April-February 2023-24, accounting for 86.5% of this year’s forecast, compared to 82.8% during the same period
Sri Lanka is considering a proposal to exchange its current USD bonds for new securities to secure additional international financial aid amid its ongoing economic
The European Council has reached an agreement on extending duty-free trade with Ukraine, setting specific quotas for duty-free Ukrainian produce imports to mitigate agricultural disputes.
Armenian PM Pashinyan dismissed the idea of hosting a government-in-exile for the now-defunct Nagorno-Karabakh republic, responding to former president Shahramanyan’s statement about Karabakh’s government bodies
The Collective Security Treaty Organization (CSTO) is becoming increasingly relevant in today’s geopolitical climate, with Secretary-General Tasmagambetov emphasizing the importance of such alliances amid rising
Azerbaijan’s central bank lowered its refinancing rate by 25 bps to 7.5%, following a continued inflation slowdown by 1.3% YoY over the past two months.
Serbian President Vucic anticipates challenging developments with Kosovo nearing PACE membership, expecting developments within 48 hours that may threaten Serbian interests. That follows a committee
Protests against Israel’s war in Gaza intensified for the third consecutive night in Jordan’s capital, Amman, with demonstrators clashing with riot police before tear gas
Botswana’s economy registered significant growth in Q4 2023, with a GDP increase of 1.9%, a marked improvement from the previous quarter’s 0.5% growth. To address
Kenya Airways Plc plans to raise USD 1.5 bln in fresh capital as part of a restructuring effort to support the airline and reduce its
In other news, Kenya is exploring a debut panda bond sale in China to raise USD 500 mln, aiming to diversify its funding sources for
The Nigerian naira has strengthened against the USD following the central bank’s decision to increase interest rates, reaching its highest level since January’s devaluation. The
Demand for credit in South Africa weakened at the end of last year due to high-interest rates, challenging economic conditions, and subdued consumer spending. Data
Zambia’s annual inflation rate surged to a two-year high of 13.7% in March, driven by the country’s worst drought on record. While food inflation reached
Bolivia approached its Legislative Assembly to sanction a USD 223 mln loan with a 15-year maturity and 5.5-year grace from CAF to fund the construction
The Brazilian real fell past 5 per USD in March, influenced by a softening labor market and dim export forecasts. The unemployment rate reached 7.8%
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