India
India is contemplating a reduction in its bond sales for the fiscal year ending March 2025 due to a higher-than-expected cash balance. This consideration comes
May 23, 2024
India is contemplating a reduction in its bond sales for the fiscal year ending March 2025 due to a higher-than-expected cash balance. This consideration comes
Indonesia’s current account deficit expanded to a three-quarter high of USD 2.2 bln, or 0.6% of GDP, in Q1 due to faltering exports. The balance
The Philippine peso has depreciated past the critical 58-per-USD mark, exerting pressure on the central bank to bolster the currency. On Tuesday, the peso fell
Thailand’s economy reported stronger-than-expected growth in Q1 2024, driven by robust tourism and private consumption. The GDP rose by 1.5% YoY and 1.1% QoQ, outpacing
In Ukraine, nationwide power cuts for companies and households will be in effect today, according to the power grid operator Ukrenergo. The main reason for
Georgian President Zourabichvili vetoed the contentious foreign agents bill, as promised. In turn, Georgia’s parliament speaker yesterday vowed to override this Presidential veto. The bill
Kazakhstan ratified the protocol on amendments to the agreements with Russia concerning Russian oil transport from the country to China. The amendment increases the estimated
Kosovar police shut down the offices of the last Serbian bank on its territory as part of the crackdown on the use of the RSD
Mongolia’s GDP grew 7.8% YoY in Q1 2024, driven by services, mining and quarrying. The ADB forecasts that growth will slow to 4.1% this year
Uzbekistan announced that the holders of its 14% synthetic local currency notes of UZS 2.5 tln due in 2024 to tender them for cash while
Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian were killed in a helicopter crash in northwestern Iran. The crash occurred during a return from
Angola’s central bank raised its benchmark interest rate by 50 bps to 19.5%, the first back-to-back increase in nearly a decade. This decision follows a
Guinea-Bissau’s public debt increased slightly to USD 1.7 bln by the end of Q1 2024, with domestic debt constituting 56% of the total. External debt
S&P affirmed Ivory Coast’s BB- credit rating and revised the outlook to positive from stable. This revision follows a successful Eurobond issuance of USD 2.6
Kenya’s GDP growth accelerated to 5.6% in 2023, driven largely by a recovery in the agricultural sector, which expanded by 6.5% thanks to favorable weather
Nigeria witnessed an unexpected slowdown in annual inflation in April, with analysts attributing this to the strong performance of the naira at the time of
South Africa’s constitutional court ruled against Jacob Zuma’s eligibility to run for parliament due to his 2021 conviction linked to extensive corruption during his presidency.
Tunisia’s real GDP growth slowed to 0.2% in Q1 2024, a decrease from 1.1% in the same period the previous year. This slowdown reflects challenges
Moody’s downgraded Uganda’s credit rating to B3 from B2, modifying the outlook to stable from negative. This decision reflects concerns over the country’s reduced debt
The IMF expressed optimism about Argentina’s economic prospects, anticipating growth in the latter half of the year thanks to successful stabilization measures. The fund highlighted
Colombia’s President Petro convened a meeting with directors of the central bank following disappointing Q1 2024 GDP figures to discuss potential interest rate reductions. The
Following a decisive election victory, Dominican Republic President Luis Abinader is expected to leverage his robust political mandate to address low tax revenues. With a
According to Paraguay’s central bank, inflation forecasts remain steady at 4% in the medium term. Despite expectations for stable annual inflation, there is anticipation for