India
Citigroup expressed optimism about the Indian rupee, anticipating further gains due to strong economic fundamentals, a narrowing current account deficit, and positive expectations from India’s
May 31, 2024
Citigroup expressed optimism about the Indian rupee, anticipating further gains due to strong economic fundamentals, a narrowing current account deficit, and positive expectations from India’s
Malaysia committed at least 25 bln ringgit (USD 5.3 bln) to support its semiconductor industry, aiming to become a more significant player amid global supply
Sri Lanka’s central bank held its key interest rates steady at 9.50%, opting to observe the economic impact of previous rate cuts. The decision aims
Thailand’s cabinet has approved a proposal for the country to seek membership in the BRICS economic bloc. The foreign ministry believes that joining BRICS would
Thailand’s net revenue collection from October to April fell 2.7% below the target due to temporary tax cuts on oil products and a slowdown in
EU defense ministers debated whether to allow Ukraine to strike targets deeper inside Russian territory with weapons that have been sent by member states. Up
Belgium pledged USD 1 bln in military aid to Ukraine and will supply 30 F-16 fighter jets. That is part of a series of international
Kyrgyzstan’s central bank cut its key interest rate to 9%, following a reduction from 13% to 11% in April. This move is in response to
From January to April this year, Uzbekistan’s natural gas imports soared to USD 463 mln, tripling the amount from the same period last year. The
The death of an Egyptian soldier at a Gaza border crossing, combined with a tragic airstrike by Israeli forces in Gaza that killed 45 Palestinians,
Ghana agreed with bilateral creditors, including China and France, to restructure USD 5.4 bln of debt, a key step towards securing USD 360 mln from
Nigeria’s naira reached its strongest level in over a month, driven by the central bank actively selling USD in the FX market. On Monday, the
Zambia is finalizing USD 500 mln in international aid to combat the impacts of a severe drought and expects to complete its third IMF review
The Bolivian Private Banks Association (ASOBAN) reported a 27% (USD 1.1 bln) decline in foreign currency deposits in Q1 2024, compared to the previous year,
Following its 2024 Article IV visit, the IMF recognized Brazil’s economic resilience, with inflation returning to target ranges. The IMF forecasts a moderation of growth
A significant Colombian court ruling requires the government to repay unconstitutional royalty taxes collected from oil and mining companies, rejecting a delay requested by Finance
Guatemalan President Arevalo indicated that China had blocked some of Guatemala’s exports, potentially as a repercussion of Guatemala’s diplomatic relations with Taiwan. Guatemala remains one
Guatemala’s new administration plans to invest up to USD 2.5 bln in infrastructure over the next four years. That includes USD 800 mln for electricity