India
Citigroup analysts have highlighted that India’s central bank’s (RBI) unexpected decision to buy back bonds worth 400 bln rupees indicates a proactive approach to improving
May 20, 2024
Citigroup analysts have highlighted that India’s central bank’s (RBI) unexpected decision to buy back bonds worth 400 bln rupees indicates a proactive approach to improving
Indonesia’s economy grew by 5.11% in Q1 2024, surpassing expectations due to increased consumer spending fueled by holiday festivities and government cash handouts, providing the
The Philippines is preparing to issue overseas bonds in H1 2024 to fund the government’s spending initiatives. The timing for this bond offering is being
The G7 countries are considering a proposal to provide up to USD 50 bln in aid to Ukraine, potentially funded through collateralized profits from frozen
Ukraine’s central bank minutes showed that a majority of policymakers (7 out of 11) support reducing the key interest rate to 13% by the end
Kazakhstan submitted a plan to OPEC detailing its strategy to offset overproduction in Q1 2024 by making production cuts later in the year. After exceeding
The recent Tashkent International Investment Forum in Uzbekistan concluded with multiple investment agreements totaling USD 26.6 bln. Notable commitments include USD 6.2 bln from Saudi-based
Israel’s military has advised civilians in parts of Rafah to evacuate, hinting at a potential forthcoming military action. The directive was issued after cease-fire negotiations
DR Congo renegotiated its minerals-for-infrastructure deal with China. The updated contract ensures Congo receives USD 324 mln annually for infrastructure projects until 2040, provided copper
Mauritius reported a 7.6% increase in gross tourism earnings in Q1 2024, totaling about 24 bln rupees (USD 508 mln), as tourist arrivals approach pre-pandemic
Morocco’s trade deficit significantly declined to 15% YoY in Q1 2024, mainly driven by a 4% YoY decrease in import values, primarily energy, raw materials,
South Africa’s PMI rose to 54 in April, up from 49.2 the previous month, signaling an expansion in the manufacturing sector. This improvement was mainly
South Africa is transitioning to a new benchmark for pricing short-term loans in its derivatives market, set to adopt the South African Rand Overnight Index
Tunisia’s inflation rate moderated slightly in April to 7.2% YoY, down from 7.5% in March, with food prices rising 9.2%. The decrease in core inflation,
Brazilian local funds have significantly reduced their bullish bets on the real since the end of January, driven by a global reduction in carry trade
Remittances to Latin America and the Caribbean reached an estimated USD 156 bln last year, nearly triple the amount from a decade ago and surpassing
Guatemala’s central bank (Banguat) released results from its April Economic Expectations Survey, indicating improved inflation expectations. Analysts now predict inflation to close at 4.1% in
Jamaica reported a JMD 60.5 bln primary surplus in March, significantly higher than the JMD 11.5 bln surplus from the previous year. The overall fiscal