Bangladesh
Bangladesh reported a 19% YoY increase in remittances for April, with the total reaching USD 2 bln compared to USD 1.68 bln a year earlier.
May 16, 2024
Bangladesh reported a 19% YoY increase in remittances for April, with the total reaching USD 2 bln compared to USD 1.68 bln a year earlier.
Indian Oil Corp. has resumed purchasing Russian crude oil delivered by Sovcomflot PJSC tankers, reestablishing oil flows between Russia and India that were previously disrupted
The Indonesian bond market is becoming increasingly attractive to investors, with bond yields reaching six-month highs due to anticipations of future rate hikes. Despite a
Microsoft Corp. has announced a substantial USD 2.2 bln investment in Malaysia to enhance digital infrastructure. This initiative will include training for 200,000 individuals and
Pakistan’s inflation moderated to 17.3% YoY in April, continuing a slowdown for the fourth consecutive month, supported by record-high borrowing costs that subdued economic growth
During a meeting in Tashkent, the energy and economy ministers from Azerbaijan, Uzbekistan, and Kazakhstan discussed the potential of supplying electricity from Central Asia to
Kazakhstan plans to sell USD 750-850 mln worth of foreign currency from its national wealth fund in May, as stated by the central bank, following
Uzbekistan’s Central Bank anticipates that inflation could reach as high as 11% by year-end, driven primarily by increased energy tariffs set to begin on May
The US and Saudi Arabia are reportedly close to finalizing a significant agreement that could provide Saudi Arabia with security guarantees and potentially pave the
Hamas is positively considering a proposal for a temporary ceasefire with Israel, with plans to send a delegation to Egypt to continue discussions. The ongoing
EC President Ursula von der Leyen announced a USD 1 bln aid package for Lebanon to address illegal migration amid warnings from rights groups about
Kenya outlined a budget for the next fiscal year with a deficit projected at a 15-year low of 514.7 bln shillings, or 2.9% of GDP,
In other news, Kenya experienced a nationwide electricity blackout caused by flooding that damaged towers between Kamburu and Dandora. This incident marks another significant power
Mauritius Commercial Bank, the largest bank in Mauritius by market share, is expanding its financial services to support the transition to a lower-carbon economy with
The IMF’s Article IV consultation for Morocco highlighted the country’s economic resilience against negative shocks in 2023. Economic activity increased, inflation decreased, and the current
Cie Maritime Belge, a Belgian shipping company, SA anticipates the commencement of green hydrogen production in Namibia by the fourth quarter of this year. This
Nigeria is grappling with widespread petrol scarcity and power outages that exacerbate the impact of rising food prices, severely affecting daily activities and business operations.
Argentina lowered its benchmark interest rate to 50% from 60%, marking the third cut in three weeks and the fifth since President Milei’s inauguration in
Moody’s raised Brazil’s Ba2 credit outlook to positive from stable, reflecting the country’s solid GDP growth prospects and incremental fiscal consolidation efforts. This adjustment follows
Colombian President Petro declared that Colombia would sever diplomatic relations with Israel due to the ongoing conflict in Gaza. This move aligns with his social
Colombian Finance Minister Bonilla is contemplating amendments to its fiscal rule to introduce greater flexibility, responding to sluggish economic growth. This proposed legislative change is
The Central Bank of Nicaragua reported a substantial increase in remittances for Q1 2024, totaling USD 1.1 bln, up 11.8% YoY. The US continues to