Bangladesh
The World Bank revised Bangladesh’s GDP growth forecast for FY25 down by 0.1 pp to 5.7%, citing concerns like high inflation, force shortages, import restrictions,
April 26, 2024
The World Bank revised Bangladesh’s GDP growth forecast for FY25 down by 0.1 pp to 5.7%, citing concerns like high inflation, force shortages, import restrictions,
Indonesia’s central bank intervened in the currency market as the rupiah hit a four-year low due to a strong USD and significant bond outflows, with
Thailand’s government announced that the public debt-to-GDP ratio will remain below the 70% legal limit from 2025 to 2028 under a revised budget framework. FY25’s
Vietnam aims to borrow approximately 676 tln dong (USD 27.23 bln) in 2023 for budget funding and debt repayment, planning to issue government bonds and
India’s crude oil imports from Russia reached a new high since November, countering efforts by Western nations to curtail Moscow’s oil revenue through tightened sanctions.
Ukrainian drones targeted Russia’s Tatarstan region, marking the first such attack since the invasion began, with one of the strikes hitting a refinery nearly 1,500
Tensions have flared anew at the Azerbaijan-Armenia border, with Azerbaijan accusing Armenia of provocations, an allegation Armenia denies. The EU Mission in Armenia reported no
Kazakhstan’s state-owned development bank is conducting a debt tender for its 2024 notes and plans to issue a USD-denominated Eurobond with a 3-year tenor, alongside
Iran has pledged retaliation against Israel, attributing to it a deadly airstrike on its embassy in Syria. The attack in Damascus killed 13, including Iranian
Egypt’s banking system saw a significant reduction in net foreign liabilities following a substantial investment agreement with the UAE, improving by USD 7 bln to
Kenya plans to issue new bonds in China, Japan, and the Middle East to cover a USD 2.4 bln budget deficit. After exploring other financing
Meanwhile, the World Bank plans to grant USD 1.2 bln to Kenya for the fiscal year ending in June, supporting public finance, market competitiveness, inclusivity,
Morocco ended 2023 on a high note, with Q4 2023 accelerating to 4.1%, up from 0.7% in the same quarter of 2022. This growth was
Nigeria will significantly increase energy prices to attract new investments and reduce the USD 2.3 bln subsidy expenditure. The economic strain from power supply shortages
Opposition leader Faye was inaugurated as Senegal’s president. His victory came after his release from prison to participate in the election, winning decisively against the
Bolivia faced a commercial deficit of USD 171 mln in January, with exports dropping by 28% YoY to USD 613 mln and imports decreasing by
Colombia’s central bank expressed concern that President Petro’s government’s statements could harm investor confidence. The bank cut interest rates to 12.25% amid declining inflation and
Peru’s inflation rate accelerated unexpectedly to 3.05% YoY in March, surpassing forecasts and deviating from the central bank’s target range of 1% to 3%. This