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Recent data reveals that emerging Asian economies are facing pressures on their currencies due to weaker-than-expected export performance, compounded by a strong USD and the
May 15, 2024
Recent data reveals that emerging Asian economies are facing pressures on their currencies due to weaker-than-expected export performance, compounded by a strong USD and the
Indonesia’s Coordinating Minister for Economic Affairs Hartarto, expressed concerns about potential capital flight due to strong global dollar trends and heightened interest rates. He remains
Malaysia’s central bank might disregard the Fed’s recent shift to a more hawkish stance during its upcoming policy meeting on May 9, according to Bloomberg
Ukraine’s bonds are underperforming as investors keep ditching the bonds due to the conditions set by the IMF for a debt restructuring to occur. The
Azerbaijan’s central bank cut its refinancing rate from 7.5% to 7.25% as inflation continues to slow printing at just 0.4% YoY in March. The central
The EU said it “strongly” condemned a crackdown on protesters by riot police in Georgia after a night of violent clashes over a controversial “foreign
Serbian PM-designate Vucevic has unveiled a new Cabinet that includes two officials under US sanctions for alleged corruption, organized crime ties, and Russian connections. Former
Egypt announced that it will temporarily suspend LNG exports starting in May to manage expected power shortages during the summer, reversing its status as a
Kenyan President Ruto noted that the country is optimistic about receiving a USD 1 bln disbursement from the IMF next month. This fund’s support is
Mali has agreed on a preliminary deal with the IMF for USD 120 mln in emergency financing via the RCF in response to multiple economic
Nigeria decided to increase the salaries of public servants, including military and police personnel, by up to 35% to mitigate the impacts of surging inflation,
The head of research for Africa and the Middle East at Standard Chartered Bank emphasized South Africa’s economic resilience, recognizing its competitiveness for private business.
Uganda’s parliament has approved a USD 110.5 mln loan from Standard Chartered Bank to upgrade the 115 km Kitgum-Kidepo road, aiming to stimulate tourism in
Colombia’s central bank lowered its key interest rate to 11.75%, a move more conservative than government recommendations for sharper cuts to stimulate economic growth. The
Costa Rica reported GDP growth of 3.7% in Q1 2024, aligning with potential growth estimates but marking a slowdown from an average of 5.4% YoY
The Dominican Republic’s central bank held its key interest rate at 7.00% and kept the repo and overnight rates at 7.50% and 5.50%, respectively. The
Paraguay’s central bank governor stated that inflation is under control, with minor pressures from sectors such as fruits and vegetables. He also addressed the recent