China
Fitch downgraded its outlook on China to negative from stable, anticipating increased debt as the country attempts to recover from a real estate slump. China
May 6, 2024
Fitch downgraded its outlook on China to negative from stable, anticipating increased debt as the country attempts to recover from a real estate slump. China
In a notable diplomatic gesture, Chinese leader Xi Jinping met with former Taiwan President Ma Ying-jeou in Beijing, showcasing the Communist Party’s openness to dialogue
Thailand’s central bank maintained its key interest rate at 2.5%, the highest in ten years, emphasizing the limited role of monetary policy in spurring economic
Ukrainian state-run energy company Naftogaz plans to repay its debt to bondholders even as the government is set to enter talks on restructuring its own
The US State Department approved the emergency sale of USD 138 mln in air-defense equipment for Ukraine, part of a US push to keep up
Kazakhstan’s central bank wants to weaken the hold of the country’s two largest lenders (controlling 8-90% of payments) over payments by introducing early next year
Kyrgyzstan’s gross international reserves reached USD 3.5 bln at the end of March, surpassing the previous record of USD 3.3 bln in February. The central
Moldova’s inflation declined to 3.9% YoY in March from 4.3% in February. On March 21, Moldova’s central bank lowered its policy rate to 3.75% from
Uzbekistan and the EU signed an MoU launching a strategic partnership to develop sustainable value chains in critical raw materials. Uzbekistan is believed to have
Angola is experiencing a scarcity of resources, with 95% of its income derived from oil, which is currently in decline, Angola’s Press Agency reported. The
Ghana’s inflation rate surged to a four-month peak of 25.8% in March from 23.2% in February, driven by a declining currency that escalated import costs,
The World Bank forecasts Nigeria’s inflation to decrease to about 24.8% this year, with a further reduction to 15.1% by 2026, attributed to monetary policy
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Uganda’s FX reserves dropped by 12% from June 2023 to January 2024 due to debt repayments and challenges in purchasing foreign exchange, influenced by the
Colombia’s central bank governor, Villar, highlighted the country’s decelerating inflation, projecting it to reduce to approximately 5.4% from the current 7.36%, aiming for the 3%
Guatemala’s March inflation increased to 0.3% MoM from 0.1% in February, with a yearly rate of 3.2%, slightly down from February’s 3.3%. This rise was
Peru’s congress is set to debate a bill for another withdrawal from the pension fund, AFP, despite financial concerns. Finance Minister Arista warned that the