China
China is considering imposing tariffs up to 25% on imported cars with large engines, escalating trade tensions with the US and the EU. The potential
May 27, 2024
China is considering imposing tariffs up to 25% on imported cars with large engines, escalating trade tensions with the US and the EU. The potential
India’s central bank announced it will pay a dividend of 2.1 tln rupees (USD 25.2 bln) to the government, significantly above the budgeted 1.02 tln
Indonesia’s central bank held its key interest rate at 6.25%. The bank noted that it remains committed to supporting the rupiah through continued intervention in
Bloomberg analysts predict Sri Lanka’s recent tax increases and austerity measures will substantially reduce the national deficit to 3.8% of GDP by 2027, down from
Vietnam’s National Assembly has appointed To Lam, the former Minister of Public Security, as the country’s new president. That marks a continuation of recent leadership
The Swedish government will provide Ukraine with military support worth USD 2.3 bln annually under a new three-year framework announced Wednesday. The military aid in
Georgia’s central bank lowered its key interest rate by 25 bps to 8.0%, citing potential inflation risks. The central bank warned it might need to
The US and the EU criticized a raid by Kosovo police on a local Serbian bank that was not coordinated with Western allies, escalating tensions
Kyrgyzstan aims to double its GDP to USD 30 bln by 2030 and further to USD 200 bln by 2050, as stated by President Japarov.
Uzbekistan returned to the bond market after seven months with issuances in foreign and local currencies. The government issued a 3-year EIR 600 mln 5.375%,
Ethiopia repaid only USD 52.1 mln of the USD 512 mln due in the nine months through March, benefiting from a USD 1.44 bln debt
Kenyan President Ruto announced significant foreign investments during his state visit to the United States. Coca-Cola will invest 23 bln shillings over five years to
Morocco’s annual inflation rate is closely approaching the central bank’s target of 2%, with core inflation reported at 2.2% YoY in April. Inflation is expected
The UK government is committed to supporting Nigeria in developing its capital markets through the Mobilizing Institutional Capital Through Listed Product Structures (MOBILIST) program. This
South Africa recorded a decrease in its annual inflation rate for the second consecutive month, with consumer prices rising by 5.2% in April YoY, slightly
Argentine President Milei detailed plans to transition towards a dual-currency system involving the peso and the USD, which will compete under a flexible exchange rate.
According to the Dominican Republic central bank, remittances to the country in April saw a 6% YoY increase, accelerating from a 1.1% increase in March.
Paraguay’s central bank held its policy rate at 6% for the third consecutive time. Despite modest economic activity growth of 0.2% YoY in March, driven
Following the 2024 Article IV consultation, the IMF noted that Peru is recovering from past economic shocks, projecting Peru’s GDP growth at 2.5% for 2024,