China
China’s offshore yuan held steady at around 7.26 per USD amid a softer USD, which declined following reports of slowing US business activity in April.
May 8, 2024
China’s offshore yuan held steady at around 7.26 per USD amid a softer USD, which declined following reports of slowing US business activity in April.
Indonesia’s central bank unexpectedly raised its 7-day reverse repurchase rate by 25 bps to 6.25%. The move aims to stabilize the rupiah amid a global
The US has cautioned Pakistan about the potential sanctions risks following Islamabad’s recent agreements with Iran, which include economic and security deals. During Iranian President
The Philippines reported a narrowing government budget deficit to PHP 195.9 bln in March from PHP 210.3 bln a year earlier. However, from January to
France asked the EU to set a new sanctions regime to target Russian disinformation and election interference operations worldwide. The proposal, backed by Estonia, Latvia,
The EC announced the disbursement of a second Ukraine Facility tranche of EUR 1.5 bln. The overall Ukraine Facility budget will consist of loans totaling
Azerbaijan foreign debt declined to USD 5.51 bln as of April 1, marking a 15% decrease from the end of 2023. Meanwhile, domestic debt rose
Chinese President Xi Jinping is reportedly planning a visit to Serbia around May 7th, coinciding with the 25th anniversary of the 1999 US bombing of
Iraq is taking measures to safeguard investments from the US and other nations to foster foreign participation in its economy, following directives from PM Mohammed
Angola’s petroleum products regulator significantly increased diesel prices by about 48% starting Tuesday, a step towards eliminating costly fuel subsidies to ease the pressure on
Egypt has increased its funding requirements for the FY24-25 budget by 33% to EGP 2.849 tln, planning a 33% rise in petroleum subsidies to EGP
Mozambique’s central bank asserted that the country’s FX market is liquid and stable, citing strong export revenues among other indicators. This statement comes amid concerns
Nigeria is negotiating for up to USD 2.25 bln in loans from the World Bank, anticipated for board approval in June. According to Finance Minister
The IMF is discussing a new ECF agreement with Sierra Leone following the completion of the previous arrangement in November 2023. Recent economic adjustments by
In South Africa, expectations for a 2024 interest rate cut have diminished, as noted in the latest Monetary Policy Review by the central bank, which
Argentine President Milei’s economic team is projecting a quicker slowdown in inflation than analysts expect, with consumer price increases expected to slow to 3.8% by
Remittances to the Dominican Republic increased by 1.1% YoY in March, a slowdown from the 9.4% growth in February. In Q1 2024, remittances grew by