Pakistan
Pakistan saw USD 89 mln in treasury bill purchases by foreign investors until March 22, marking the highest gross purchase since June 2021. The IMF
April 29, 2024
Pakistan saw USD 89 mln in treasury bill purchases by foreign investors until March 22, marking the highest gross purchase since June 2021. The IMF
Sri Lanka’s private banks are reevaluating their capital needs amidst ongoing debt restructuring, with the government allocating 450 bln rupees for bank recapitalization in the
Vietnam’s PM called for “drastic actions” from ministries and provincial governments to achieve this year’s 6.5% growth target. In a government statement, Chinh emphasized the
Discussions around the acceptance of Mir cards, linked to the Russian payment system, highlight varying stances across countries. Tajikistan’s sole bank still services these cards,
NATO is devising a USD 100 bln, 5-year military aid package for Ukraine to ensure continuous assistance despite potential political shifts within member states. The
The EU expressed concern over Kyrgyzstan’s new law on “non-commercial organizations,” viewed as a negative development. Despite fears, the Kyrgyz presidential office assures that the
Mongolia’s central bank adjusted its growth forecast to 3.8% for the year, attributing the downgrade to agricultural sector slowdowns caused by significant livestock losses from
Uzbekistan’s finance ministry reports a Q1 2024 state budget deficit of approximately USD 1.6 bln, nearly 38% of the year’s target, primarily due to last
Kenya’s central bank is expected to maintain the benchmark interest rate at a 12-year high of 13%, awaiting further inflation reduction before initiating rate cuts.
Lesotho’s central bank maintained its benchmark rate at 7.75%, increasing the net international reserves target to support the loti’s exchange rate peg to the South
The Nigeria Electricity Regulatory Commission announced a tariff increase for some urban consumers to 225 naira per kilowatt hour from 68 naira. This change, affecting
Sierra Leone’s central bank raised its benchmark interest rate by 100 bps to 23.25% amid high inflation. Although inflation is expected to trend downwards, risks
Kenya has decided against reopening its border posts with Somalia due to security concerns as the African Union peacekeeping mission in Somalia is concluding. Kenya,
Mauritius’ central bank maintained the key rate at 4.5%, noting the ongoing impact of previous hikes. Inflation is expected to decrease to 4.9% by the
Uganda’s Constitutional Court upheld the country’s strict anti-LGBTQ legislation, leading to international repercussions including the World Bank suspending new loans and the US cautioning private
Zambia is nearing debt restructuring agreements with remaining commercial creditors after finalizing deals for USD 10.1 bln of its liabilities. About USD 1.9 bln of
The Colombian peso appreciated by 0.5%, marking its second session of significant gains, driven by high oil prices, which enhanced the country’s trade terms. The
Colombian President Petro’s government is taking control over one of Colombia’s largest private insurers amidst challenges in reforming the health system and resistance to his
Costa Rica experienced a significant economic expansion, with a 5.1% growth in 2023, building on the previous year’s 4.6% increase. The cumulative growth from 2021
Jamaica’s central bank maintained its key interest rate at 7.0% for the tenth consecutive time. Despite a moderation in headline and core inflation in February,