China
The US has expressed concerns about China’s intensifying support for Russia in the Ukraine conflict, including providing geospatial intelligence and military equipment supplies. China-Russia trade
May 1, 2024
The US has expressed concerns about China’s intensifying support for Russia in the Ukraine conflict, including providing geospatial intelligence and military equipment supplies. China-Russia trade
Bloomberg analysts suggest India’s central bank’s decision to maintain high-interest rates reflects a cautious approach towards inflation, potentially hindering economic growth. They anticipate the bank
In response to high inflation rates (24.9% YoY in March), mainly driven by the depreciation of the kip, Laos’ finance ministry announced an increase in
Pakistan plans to repay a USD 1 bln foreign debt from a 10-year Eurobond maturing mid-month, reducing its stock of international market bonds to below
Thailand’s recent decision to increase its fiscal deficit to stimulate the economy might challenge fiscal consolidation efforts but is expected to boost short-term growth. The
Russia’s foreign ministry commented on the meeting between Armenia, the US, and the EU as another attempt by the West to involve the South Caucasus
According to Ukraine’s central bank, FX reserves climbed by 18% to USD 42.8 bln, the highest level ever. The reserves rose as more than USD
Kazakhstan’s central bank is closely monitoring inflation in Russia and domestically, cautious of resuming rate cuts that might import inflation due to significant imports (20%
Uzbekistan’s gold and FX reserves climbed to USD 34.2 bln after a USD 2 bln or 6.2% MoM increase in March, reversing a two-month decline.
Ethiopia’s defaulted USD bond rallied for a record 12th day, buoyed by a USD 1.72 bln financing package from the World Bank and an extended
Kenya borrowed KES 401.6 bln towards its 471.4 bln target for the fiscal year ending in June, implementing strategies to meet its domestic borrowing target,
Moody’s raised Namibia’s outlook to positive, maintaining its B1 rating. The upgrade reflects better growth prospects, driven by cyclical factors and potential transformative energy resource
Fitch affirmed Rwanda’s B+ rating with a Stable Outlook, citing challenges like low GDP per capita and high public and external debt. However, Rwanda’s robust
Sierra Leone’s President Julius Bio declared a national emergency over a drug epidemic, likening its threat to the Ebola outbreak. The narcotic ‘kush’ poses an
South Africa announced a 23.8 bln rand (USD 1.28 bln) job creation and entrepreneurship program to address its 32.1% unemployment rate in Q4 2023. The
Tunisia’s inflation rate held steady at 7.5% YoY in March, with food prices remaining unchanged at a 10.2% YoY increase. Core inflation was stable at
Colombia successfully raised USD 1.3 bln from global markets by re-tapping its social bonds due in 2035 and 2053. Initial price thoughts showed a premium
Colombian inflation dropped to 7.36% YoY in March, its lowest since January 2022, providing a buffer for the finance ministry’s advocacy for quicker interest rate
Guatemala registered a 1.2% YoY increase in overseas remittances to USD 1.7 bln in March, a slowdown from February’s 10.6% growth. Despite the deceleration, remittances