Day: May 9, 2024

Malaysia

Malaysia’s annual inflation rate held steady at 1.8% in March, below the anticipated 2%. This rate matches the highest level seen since October 2023, driven

Indonesia

Fears of inflation and a weakening Philippine peso are prompting the central bank to consider postponing expected interest rate cuts, affecting the nation’s bond market.

Sri Lanka

Sri Lanka is advancing towards implementing a new public finance management law, crucial for progressing the second review under its IMF loan agreement. These reforms

Ukraine

Ukraine’s central bank lowered its key policy rate by a percentage point to 13.5% amid slowing inflation and the inflow of a substantial USD 61

Albania

The first round of Albania’s presidential elections did not produce a clear winner. With 90% of votes counted, the main opposition candidate, Siljanovska-Davkova, led with

Kazakhstan

Kazakhstan’s Energy Ministry announced plans to gradually offset overproduction from the first quarter across the remainder of 2024, following reports of exceeding its OPEC+ oil

Uzbekistan

Uzbekistan’s central bank held its benchmark interest rate at 14%, citing relatively tight monetary conditions. The bank revised its inflation forecast for the year upwards

Lebanon

The Israeli military reported strikes on approximately 40 Hezbollah-affiliated sites in southern Lebanon, marking a significant intensification in the ongoing conflict that began with the

Rwanda

DR Congo’s government is allocating a significant portion of its budget to security costs due to ongoing conflicts in its eastern provinces. In Q1 2024,

Ethiopia

Over 50,000 people have been displaced in Northern Ethiopia due to recent clashes in the contested Raya Alamata area, according to the United Nations. This

Mali

A coalition of political parties and civil society organizations has petitioned Mali’s Supreme Court to overturn the military junta’s April 10 prohibition on political activities.

Israel

The Nigerian naira depreciated further against the USD, reaching NGN 1,400 on the black market, a 19.64% decline in just two weeks compared to the

Burundi

Flooding in Tanzania has intensified due to weeks of heavy rains, resulting in 155 fatalities and impacting over 200,000 individuals. Similar flooding incidents are occurring

Zambia

Zambia’s annual inflation rate reached a 26-month high at 13.8% in April amid a significant drought and currency devaluation. The kwacha’s depreciation against the USD,

Argentina

Argentina’s central bank reduced its key interest rate from 70% to 60%. That marks the fourth rate cut since December as officials anticipate a sustained

Colombia

Colombia’s Finance Minister Ricardo Bonilla advocated for an accelerated pace of interest rate cuts to achieve a target rate of 8.25% by the end of

China

Colombian steelmaker Paz del Río anticipates a government decision on raising import tariffs on steel, which could shield the company from cheaper Chinese imports currently

Peru

Peru’s central bank projects a 3% economic growth rate in Q2 and Q3 2024. Economic activity expanded by 1.4% in January and 2.9% in February,