Bangladesh
Bangladesh saw a significant reduction in its trade deficit for the first nine months of FY23/24, with the deficit narrowing by 67.53% to USD 4.75
May 29, 2024
Bangladesh saw a significant reduction in its trade deficit for the first nine months of FY23/24, with the deficit narrowing by 67.53% to USD 4.75
Laos launched a new country partnership strategy with the Asian Development Bank, aligned with its national development plan. The strategy focuses on sustainable public finance
Malaysia reported a steady inflation rate of 1.8% for the third consecutive month in April. The core inflation rate slightly increased to 1.9% from 1.7%
Nepal’s public debt has increased significantly, reaching nearly INR 2.4 tln. In the last 10 months of the current fiscal year, the public debt rose
The MF mentioned that it will continue its discussions with Pakistan for a new substantial loan agreement. The fund emphasized the need for broad economic
Vietnam’s central bank plans to continue selling USD to stabilize the dong, which hit a record low of 25,470 per USD. The bank aims to
NATO members should ease their prohibitions on using weapons they supply to Ukraine to strike military targets in Russia, the alliance’s secretary-general said in an
The group of G7 finance ministers will lay the groundwork for using the profits from frozen Russian assets to help Ukraine. The move comes after
The US imposed a new visa policy on Georgian Individuals and launched a review of bilateral relations between the two states to pressure the Georgian
US Secretary of State Antony Blinken will visit Moldova this week in a new Western gesture of support to the former Soviet republic as tensions
Israel is intensifying its military operations in Rafah, Gaza, with one mln civilians having moved out of the city since early May. Israel’s military had
Ghana is progressing with its extensive debt restructuring plan, having received a draft agreement from official creditors that aligns with a January deal to restructure
Mali, in partnership with Russia, launched the construction of West Africa’s largest solar power plant. This project is part of broader efforts to address Mali’s
Nigeria’s GDP grew at a slower-than-expected rate of 2.98% in Q1 2024, impacted by a significant currency devaluation and adverse weather affecting the non-oil sectors,
Nigeria introduced stringent updated regulations for Bureau de Change operators to stabilize the naira, including a significant increase in capital requirements. The new rules aim
Rwanda’s Finance Minister announced plans for significant external borrowing of 1.318 tln francs for the fiscal year starting in July, complemented by domestic borrowing and
S&P noted that it is closely watching South Africa’s upcoming elections and their impact on investment, especially given existing infrastructure bottlenecks. S&P projects South Africa’s
Zambia anticipates a recovery in economic growth following a severe drought. The economy is expected to grow by 6% in 2025 and maintain similar growth
Colombia’s financial markets reacted negatively after President Gustavo Petro suggested halting payments if the national debt ceiling isn’t raised. The peso erased gains and became
The IMF’s Article IV review for Guatemala noted moderated growth at 3.5% for 2023, with similar expectations for 2024. Inflation pressures are present but expected