Russia
European natural gas prices have surged to a two-week high due to a shift in LNG shipments to Asia and limited Norwegian supply due to
May 3, 2024
European natural gas prices have surged to a two-week high due to a shift in LNG shipments to Asia and limited Norwegian supply due to
MIDF Research noted that Malaysia’s Industrial Production Index (IPI) will see stronger growth of 3.7% this year, improving from 1.1% in 2023, despite a slowdown
In response to inflationary pressures, the Philippines’ central bank has held interest rates steady at 6.50%. This decision aligns with market expectations and aims to
Sri Lanka’s cabinet approved a governance reform for state-owned banks, a stipulation tied to agreements with the IMF and the World Bank. Officials mentioned that
Russia reported a sharp increase in revenue in the first quarter due in part to one-time tax payments and rising oil prices as the country
Europe’s top rights court on Tuesday ruled against Russia for setting up a so-called border line separating Georgia from pro-Moscow separatist enclaves, blocking people from
Azerbaijan’s inflation rate grew by 0.4% YoY. The largest price increase came from the services sector. With this print, Q1 inflation slowed to 1% YoY,
Kazakhstan’s central bank, the second largest gold-selling central bank, is considering resuming gold sales due to the recent spike in prices. The bank did not
Plans are under consideration to facilitate gas supplies to Kyrgyzstan through the extension of a gas pipeline from Bukhara, Uzbekistan, to the Kyrgyz-Tajik border. This
Moldova has commenced the construction of a new power line that will connect its capital, Chisinau, to Romania, aiming to lessen its reliance on Russian
Angola’s economy grew by 1.4% YoY in Q4 2023, continuing its 11th consecutive quarter of growth, albeit at a modest pace. The growth was primarily
Cote d’Ivoire reached a staff-level agreement with the IMF on the second semi-annual review of the nation’s economic reform program under the EFF and ECF
Guinea announced USD 15 bln in financing agreements for the Simandou project, the world’s largest untapped iron-ore reserve, covering rail and port infrastructure development.
Namibia is launching a program aimed at attracting power developers to diminish its reliance on electricity imports from southern African neighbors. The World Bank has
Nigeria introduced new financial strategies that could further the naira’s recent gains. The central bank announced the sale of USD to Bureaux de change at
Senegal’s annual inflation rate rose to 3.3% in March, up from 2.3% in February, primarily due to an increase in food prices. Elsewhere, Tanzania’s inflation
FONPLATA provided Bolivia with a USD 100 mln loan for the Urban Infrastructure for Employment Generation Program. Marking the fourth operation funded by FONPLATA in
Amid escalating political tensions over Venezuela’s upcoming vote, Colombia’s President Petro is set to meet with Venezuelan President Maduro. This meeting, their third this year,
JPMorgan downgraded its stance on Costa Rica’s USD-denominated bonds from market-weight to underweight, citing less attractive valuations and the impact of rising oil prices. The
A delegation led by IMF mission chief Ding Ding is visiting Costa Rica to engage with government and private sector figures, reviewing the nation’s ongoing
Jamaica’s trade deficit declined from January to USD 5.12 bln in January, down from USD 5.43 bln in November 2023. Meanwhile, Jamaica’s central bank reported