China
The IMF increased its growth projection for China to 5% for 2024, aligning with Chinese governmental targets. This adjustment follows better-than-expected GDP growth in Q1
June 4, 2024
The IMF increased its growth projection for China to 5% for 2024, aligning with Chinese governmental targets. This adjustment follows better-than-expected GDP growth in Q1
S&P upgraded India’s credit rating outlook to positive from stable, reflecting robust economic fundamentals expected to support growth in the coming years. This change is
Pakistan anticipates a decrease in inflation to between 13.5% and 14.5% for May, citing an improvement in the domestic food supply chain and reduced transportation
Vietnam’s central bank plans to sell gold to four state-run banks starting June 3 to stabilize the domestic market. This intervention aims to align local
Russia plans to increase taxes on businesses and the wealthy, impacting a select group amid the ongoing Ukraine conflict, straining government finances. The Finance Ministry’s
The EU aims to start membership negotiations with Ukraine by June 25 to bolster Kyiv’s morale, despite unresolved objections from Hungary. Support is broad among
Georgia’s controversial “foreign agent” law is set to reappear before President Salome Zurabishvili after legislators overrode her veto on May 28, amid widespread protests. The
US Secretary of State Antony Blinken visited Moldova on May 29 to reaffirm U.S. support for the nation’s ambitions to join Western institutions, underscoring the
Mongolia’s PM defended amendments to the nation’s mining regulations amid foreign investment concerns, asserting the changes—which restrict private investment in strategic deposits and mandate government
Burundi will receive USD 75 mln from the World Bank over five years to enhance flood resilience in Bujumbura, its economic hub. This funding aims
After more than five months post-election, DR Congo President Felix Tshisekedi has unveiled a new government. This move follows his re-election and the gaining of
Kenya is negotiating a USD 400 mln loan from the African Development Bank (AfDB) to fund water and support irrigation projects. These initiatives are part
Morocco projects its fiscal deficit to decrease to 3% by 2026, from 4% in 2024, driven by higher tax revenues and despite increased social spending.
Rwanda’s central bank lowered its benchmark interest rate to 7% from 7.5%, with inflation expectations stabilized at 5% for the current and next year. However,
The UK’s DFI, British International Investment (BII), is investing in African telecommunications, providing a EUR 25-mln debt facility to Senegal’s Sonatel for infrastructure enhancement. Additionally,
Tunisia signed an MoU with TotalEnergies and Verbund to develop a green hydrogen project capable of producing one mln tons per year. This ambitious project,
Bolivia’s Minister of Public Works called a meeting with the Bolivian Transport Chamber leaders for May 29 to discuss their demands and forestall a planned
The Dominican Republic reported a 10.6% YoY increase in tourist arrivals for April, driven by both air travel and cruise ship visits. The Tourism Minister,