Malaysia
Malaysia’s PM, Anwar Ibrahim, announced plans to phase out blanket fuel subsidies starting with diesel, as part of broader fiscal reforms to Improve national finances.
May 24, 2024
Malaysia’s PM, Anwar Ibrahim, announced plans to phase out blanket fuel subsidies starting with diesel, as part of broader fiscal reforms to Improve national finances.
Thailand’s and China’s central banks have entered into an MOU to promote transactions in their local currencies. This agreement aims to enhance the accessibility and
Thailand’s government is preparing a supplementary budget proposal to increase state spending by approximately 122 bln baht (USD 3.4 bln). The budget is primarily geared
Armenian PM Pashinyan’s Civil Contract party has ruled out the possibility of holding early parliamentary elections in the country. At the start of May, Archbishop
Georgia’s trade deficit amounted to USD 3.04 bln, comprising 46.3% of its foreign trade turnover. Turkey emerged as Georgia’s top trade partner, with a trade
Russian Foreign Minister Lavrov indicated that Mongolia is the likely next member of the Shanghai Cooperation Organization (SCO), with unanimous support from current members. The
Uzbekistan’s state-owned Uzbekneftegaz might join Azerbaijan’s Shah Deniz natural gas project in the Caspian Sea, according to Uzbek’s minister of investment, industry, and trade. Separately,
Angola’s Finance Minister detailed a 12-month renewable agreement with Chinese creditors, aiming for accelerated debt repayment. Meanwhile, TotalEnergies SE and partners committed to a USD
Ghana’s plan to restructure USD 13 bln of Eurobond debt is progressing, driven by economic growth that outperformed the IMF’s forecasts. Initially, the IMF rejected
Nigeria’s central bank raised its key interest rate to 26.25% from 24.75%. Governor Cardoso emphasized that the move was necessary to address persistent inflationary pressures
Tunisia’s grains agency plans to import 53-grain cargos, totaling USD 408.75 mln, to address a significant shortfall in domestic production. This move comes as Tunisia’s
Uganda’s trade deficit surged by 46% MoM in March, reaching USD 403.4 mln due to increased imports of diverse goods like vegetable products and mineral
Morgan Stanley has expressed concerns over the potential negative impacts of the ongoing drought in Zambia on the country’s economic growth and government revenue. Despite
In Argentina, FX rates experienced notable shifts, with the Blue Chip Swap rate and the onshore dollar (MEP) increasing significantly. These fluctuations followed a drastic
Costa Rica’s trade deficit widened to USD 569 mln in April, up from USD 382 mln a year earlier. The growth in exports, driven by
Jamaica’s central bank held its key interest rate at 7.0%, noting that while headline inflation is within the target range, it is not firmly anchored.
Peru decided not to renew its Flexible Credit Line (FCL) arrangement with the IMF, a tool designed for crisis prevention. This decision reflects the country’s