Bangladesh
Bangladesh’s central increased its key interest rate by 50 bps to 8.5% to address persistent inflation. It also introduced a crawling peg system for its
May 22, 2024
Bangladesh’s central increased its key interest rate by 50 bps to 8.5% to address persistent inflation. It also introduced a crawling peg system for its
Meanwhile, the IMF Bangladesh reached a staff-level agreement on policy reforms necessary for the completion of the second review of Bangladesh’s loan program. This agreement,
China’s trade surplus declined to USD 72.35 bln in April from USD 86.46 bln in the same period last year, below market forecasts of USD
Ukraine’s total FX reserves declined by USD 1.4 bln to USD 42.4 bln in April. Reserves declined mainly due to some USD 2.3 bln in
Armenian PM Pashinyan has expressed readiness to sign a peace deal with Azerbaijan by November, emphasizing the inclusion of all previously agreed-upon principles in the
The FTA between China and Serbia is set to commence on July 1st, as announced by Chinese President Xi Jinping during a state visit to
Angola secured an agreement with the China Development Bank, which will release USD 150 to 200 mln monthly from a USD 1.5 bln escrow account.
Benin halted the export of crude oil from Niger through its ports after Niger refused to open its land borders to goods from Benin. This
Botswana’s central bank held its key interest rate at 2.4%, citing a notable decrease in headline inflation, which fell from 3.9% in February to 2.9%
DR Congo is nearing the completion of an IMF loan program, a historical first for the nation. After a positive final review, IMF staff will
The World Bank approved a USD 68 mln financing for the Gambia’s Inclusive and Resilient Agricultural Value Chain Development Project (GIRAV). This initiative aims to
Ghana’s inflation rate moderated slightly to 25% YoY in April from 25.8% in March, still significantly exceeding the central bank’s target range of 6% to
Ghana’s supreme court is set to hear a case that could impact the nation’s USD 20 bln debt restructuring and its international financial support. The
Nigeria’s central bank eased restrictions on the repatriation of foreign exchange proceeds by international oil firms, allowing them to use 50% of the repatriated funds
Uganda plans to reduce its reliance on variable interest-rate loans, which have contributed to a significant increase in public debt from 42.2 tln shillings in
The Zambian kwacha hit a record low against the USD, declining by 1.9% this month, amid a severe drought and protracted debt restructuring efforts. The
Brazil’s central bank cut its key Selic rate by 25 bps to 10.5%, aligning with market expectations. This rate adjustment comes amidst a backdrop of
Costa Rica’s inflation rate decreased by 0.52% YoY in April, marking a continued trend of disinflation for the eleventh consecutive month, although at a slower