Day: May 13, 2024

Israel

Crude oil prices dipped to approximately USD 82.5/barrel on Tuesday, reflecting market reactions to peace talks between Israel and Hamas, which eased concerns of a

Afghanistan

Afghanistan’s central bank announced plans to inject USD 16 mln into the market to stabilize the Afghani currency, continuing its strategy of bolstering the national

China

China’s central bank has reportedly advised regional lenders in at least two eastern provinces to limit their investments in ultra-long bonds to reduce risk exposure.

Indonesia

FDI into Indonesia surged by 15.5% YoY to a record USD 12.59 bln in Q1 of 2024, marking a significant acceleration from the 5.3% growth

Pakistan

Pakistan’s central bank held its interest rate at a record high of 22%, citing ongoing inflation risks from global oil prices and high domestic tax

Thailand

Thailand’s Finance Ministry revised its 2024 economic growth forecast downward from 2.8% to 2.4%. This adjustment reflects the impacts of declining factory output, sluggish export

Vietnam

Vietnam’s annual inflation rate rose to 4.4% in April 2024, up from 3.97% in March, marking the highest rate since January 2023. The increase was

Ukraine

NATO’s Stoltenberg said Ukraine still has a chance to prevail on the battlefield after Moscow took advantage of delays in Western military and financial aid.

Azerbaijan

Azerbaijan’s President Aliyev announced that the foreign ministers of Armenia and Azerbaijan are set to meet in Kazakhstan to advance peace treaty negotiations. This meeting,

Serbia

The use of the Serbian dinar (RSD) in Kosovo’s Serbian-majority areas will be revisited during a trilateral meeting involving the EU, Serbia, and Kosovo on

Russia

Tajikistan’s Foreign Ministry summoned Russia’s ambassador to express concerns over the treatment of Tajik citizens in Russia. This rare diplomatic protest follows incidents perceived as

Burkina Faso

Burkina Faso has temporarily banned the BBC and Voice of America (VOA) from broadcasting for two weeks due to their coverage of a report accusing

Kenya

Kenyan President Ruto called on World Bank members to substantially increase their contributions to its concessional lending arm, the IDA, in the upcoming funding round.

Morocco

Morocco’s government and leading trade unions have reached an agreement to increase the minimum wage in the private sector by 10% and raise civil servants’

Tunisia

The Tunisian government secured a USD 1.2 bln loan from the Saudi-based International Islamic Trade Finance Corporation (ITFC) to fund energy imports over the next

Argentina

The IMF staff are currently in Buenos Aires to discuss the eighth review of Argentina’s USD 44 bln financial program. The discussions, which began with

Brazil

Brazil reported an unexpected primary fiscal deficit of BRL 1.5 bln reais (USD 293 mln) for March, contrary to analysts’ predictions of a surplus. This