China
China’s central bank has allowed the yuan to weaken significantly against the dollar, setting the daily reference rate to its lowest since January. This adjustment
May 28, 2024
China’s central bank has allowed the yuan to weaken significantly against the dollar, setting the daily reference rate to its lowest since January. This adjustment
Pakistan and the IMF have reportedly reached a preliminary understanding of key reforms, including the energy sector, state-owned enterprises, tax collection, and monetary policy. Pakistan
Thailand’s Constitutional Court has accepted a petition to consider the removal of PM Thavisin on ethical grounds, although it has allowed him to remain in
Vietnam is facing pressure to raise interest rates due to a weakening currency, with expectations of a hike emerging from analysts like Malayan Banking Bhd.
Russian President Putin ordered the government to prepare retaliation for any seizure of assets by the US as Washington tries to build support for using
The IMF mission started meeting in Ukraine yesterday, part of the planned fourth review of the existing program. Ukraine has been on track with the
Armenian PM Pashinyan stated that at least two countries from the Joint Security Treaty Organization (JSTO) have participated in the preparation of the 2020 war
Azerbaijan plans to increase its foreign debt to around USD 10 bln to finance large infrastructure projects, Finance Minister Samir Sharifov said Thursday in parliament.
Russian Foreign Ministry spokeswoman Maria Zakharova has criticized Moldova’s move to sign a security and defense pact with the EU, saying it aims to draw
Israel recalled its ambassadors from Ireland, Norway, and Spain following their recognition of a Palestinian state, intensifying global focus on the Palestinian statehood issue amidst
Iraq signed agreements with Chinese firms Jereh and Petro-Iraq to develop the Mansuriya gas field, with plans to reach initial production within 18 months and
The IMF indicated that Lebanon’s recent efforts to reduce inflation and stabilize the exchange rate, along with eliminating central bank funding and the fiscal deficit,
Angola’s public debt escalated from 34.3 bln kwanzas in December 2022 to 53.1 bln kwanzas by December 2023, driven by the local currency’s depreciation. The
Egypt’s Central Bank has held interest rates steady at 27.25% for deposits and 28.25% for lending amid ongoing efforts to curb high inflation, currently at
Kenya National Highways Authority has signed a USD 3.6 bln deal with Everstrong Capital LLC to construct a 440-kilometer expressway connecting Nairobi and Mombasa. This
The IMF Executive Board concluded multiple reviews of Rwanda’s economic programs, releasing substantial funding under the RSF and the SCF. Despite external challenges, Rwanda’s economy
Following a report of unexpectedly low inflation, South Africa’s central bank is anticipated to relax its monetary policy by Q4 2024. Inflation showed a downtrend,
The Argentine peso continued to weaken, with the onshore and offshore swap rates weakening by 5.2% and 5.0%, respectively, to 1,230.6 and 1,256.4 per USD,
Bolivia’s State Attorney General reaffirmed that former President Evo Morales is constitutionally barred from running in the 2025 presidential election. Despite this, Morales’ legal team
Julio Velarde, President of the Peruvian Central Bank, indicated that Peru’s benchmark interest rate could be reduced by 100 bps below the Fed’s rate. Currently,