Bangladesh
Fitch downgraded Bangladesh’s sovereign rating to B+ from BB-, pointing to weakened external financial buffers and increased vulnerability to economic shocks. Key concerns include a
May 30, 2024
Fitch downgraded Bangladesh’s sovereign rating to B+ from BB-, pointing to weakened external financial buffers and increased vulnerability to economic shocks. Key concerns include a
The Governor of the Bank of Laos provided a grim update on the country’s economic situation, indicating that high inflation rates are expected to persist
Thai PM Thavisin emphasized Thailand’s ongoing efforts to resolve the crisis in Myanmar in collaboration with Laos and other ASEAN members. Thailand is increasing humanitarian
Local analysts noted that deposit interest rates in Vietnam are expected to rise by 0.5 to 1 pp in H2 2024, potentially exceeding 6% per
Ukraine’s Ministry of Finance lowered its growth outlook to 3.5% from 4.6% due to energy infrastructure disruptions and electricity shortages. Other important factors influencing the
There we large protests in Armenia demanding the resignation of the PM. The demands come as Armenia is returning 4 border villages to Azerbaijan in
Georgia’s parliament rejected the President’s veto of the “foreign agents” legislation yesterday. The move by the parliament’s judiciary committee sets up the possibility of a
The two breakaway regions of Abkhazia and South Ossetia ruled out reunification with Georgia. These rebukes come as a response to Georgian PM Kobakhidze, who
The IMF and the Moldovan authorities announced that they reached staff-level agreements on policies for the fifth review under the ECF/EFF arrangements and the first
Russia said it is ready to boost gas supplies to Uzbekistan via Kazakhstan. The news came as Putin was visiting the Central Asian nation. In
The IMF stated that Iraq’s economic growth this year is spurred by increased government spending but highlighted challenges such as domestic imbalances and the risk
Ghana’s central bank held its interest rate at 29% to bolster the cedi against speculative trading. The central bank has committed to using its substantial
Mozambique’s central bank reduced its benchmark lending rate to 15% from 15.75%, marking its third consecutive rate cut this year. This move, encouraged by the
Citigroup commented on the rise in minimum capital requirements for banks in Nigeria and Kenya, suggesting it could lead to fewer but more capable pan-African
Analysts in Brazil have raised their inflation forecasts for 2024 and 2025 to 3.86% and 3.75%, respectively, above the central bank’s 3% target. This adjustment
S&P revised its Banking Industry Country Risk Assessment (BICRA) for Costa Rica to positive from stable, reflecting improved economic fundamentals and stabilized asset quality in
Costa Rica’s Finance Minister urged the Legislative Assembly to approve a USD 400 mln loan from the ADB and AFD before its expiration on June
Paraguay’s central bank is expected to maintain its benchmark interest rate at 6% through the end of the year, according to Wildo Gonzalez, chief economist
Peruvian President Dina Boluarte’s approval rating has plummeted to 5%, the lowest since her tenure began in late 2022, driven by ongoing political turmoil and