Indonesia
Indonesia’s rupiah is poised for recovery as recent interest rate hikes bolster domestic yields, attracting foreign investment back into Indonesian stocks and bonds. Following the
May 17, 2024
Indonesia’s rupiah is poised for recovery as recent interest rate hikes bolster domestic yields, attracting foreign investment back into Indonesian stocks and bonds. Following the
Pakistan’s inflation rate decelerated to 17.3% YoY in April from 20.7% in March. This reduction in inflation is providing the central bank with a justification
Vietnamese PM Chinh is urging a faster disbursement of public funds to stimulate economic growth. Ministries and provincial governments are instructed to disburse at least
Over the weekend, Russia conducted strikes in Eastern and Southern Ukraine, killing at least two people and damaging buildings. They also launched drone attacks across
Ukraine’s central bank has eased some FX restrictions for businesses, the most significant liberalization since Russia’s 2022 invasion. The new regulations permit companies to repatriate
In Georgia, protests persisted, with the President requesting support from a group of EU ambassadors for the country’s European integration amid heightened tensions. The protests
Kazakhstan’s inflation rose to 8.7% YoY in April, a 0.6% MoM increase, with the slowdown primarily due to a decrease in food price inflation to
Mongolia’s central bank has acquired 4.3 tons of gold since the year’s start to bolster economic stability by boosting FX reserves, which have reached a
Tajikistan secured a new USD 550 mln loan from the Islamic Development Bank for the Rogun HPP construction. The project, initially estimated at USD 3
Uzbekistan reported a slight inflation increase to 8.1% in April, with a 0.1% MoM rise. Food prices increased by 0.4% MoM, the smallest monthly increase
Jordan’s central bank held its key interest rate, aligning with the Fed’s decision to hold rates. Jordan’s FX reserves have reached a high of USD
Fitch raised Egypt’s credit rating outlook to positive from stable, recognizing the robust efforts in securing a substantial USD 57 bln international bailout and a
The IMF and the Gambia have agreed at the staff level on the first review under the ECF, providing a disbursement of USD 10.9 mln
Malawi’s central bank held its key interest rate at 26%, signaling cautious optimism as inflation continues its downward trend, albeit remaining high. The bank also
Fitch raised Nigeria’s credit rating outlook to positive from stable, citing accelerated reform progress under President Tinubu’s administration since May last year. The government’s commitment
The IMF revised Senegal’s growth forecast to 7.1% in 2024 from an earlier 8.3%, influenced by electoral uncertainties, and postponed gas production commencement until December
South African President Ramaphosa expressed confidence in his government’s fiscal strategy, balancing service spending with efforts to manage the nation’s growing debt. As South Africa
Investment in Tunisia surged approximately 15% in Q1 2024, compared to the same period in 2023, according to the Tunisian Investment Authority. The total investments
Bolivia’s central bank reported that as of the end of April, net international reserves had reached USD 1.8 bln, a slight increase from USD 1.71
Colombia’s central bank projects that inflation will decelerate to 5.5% by the end of 2024 and continue to approach the 3% target by 2025, a