India
India reported a robust economic growth rate of 8.2% in FY24, surpassing the expected 7.9%. That may allow the central bank to maintain current interest
June 6, 2024
India reported a robust economic growth rate of 8.2% in FY24, surpassing the expected 7.9%. That may allow the central bank to maintain current interest
Indonesia’s central bank may reduce its bond purchases as foreign investments alleviate pressures on the nation’s debt and currency markets. May has seen about USD
Sri Lanka’s inflation cooled for the third time in four months, registering a modest increase of 0.9% YoY. This trend allows the central bank to
Thailand’s economy showed signs of improvement in April, driven by a boost in tourism and increases in private consumption and investment. However, the country faced
In a rare rebuke, President Zelenskiy of Ukraine criticized US President Biden for insufficient military support, particularly regarding the use of US weapons inside Russia.
Ukraine and the IMF have reached a preliminary staff-level agreement for the fourth review of the USD 15.6 bln aid package, potentially unlocking the next
Kazakhstan resumed cutting interest rates after a one-month hiatus, reducing its key rate by 25 bps to 14.50% on Friday. Kazakhstan continues to have one
Moldova’s president appointed Ion Munteanu as the general prosecutor after months of delays. This appointment, part of EU-required judicial reforms, is crucial for starting accession
Tensions escalated during Serbia’s municipal elections on Sunday, particularly in key cities, as the ruling populists sought to strengthen their already significant control. The Belgrade
Uzbekistan’s foreign debt increased by 14% last year, raising both internal and external debt. The national debt stood at about USD 34.9 bln at the
Diamond sales in Botswana have declined by 45% YoY to 7.69 bln pula in Q1 2024. The reduction in production is part of an effort
The AIIB plans to invest USD 1 bln in various projects across Africa, including green energy initiatives in Egypt and Madagascar and water projects in
The World Bank granted a USD 250 mln loan to Ghana to aid in stabilizing the financial sector through the recapitalization of viable banks and
The World Bank has approved a USD 1.2 bln loan for Kenya to support economic growth and enhance its financial stability. This loan aims to
After mediation by China, Benin has agreed to allow Niger to export crude oil through its port. This agreement involves a CNPC-built pipeline, part of
Nigerian lawmakers are considering legislative changes that would reduce the central bank’s autonomy in setting interest rates, proposing a new framework where the finance minister
China and Tunisia established a strategic partnership, with Tunisia seeking more support from China for its national development and reaffirming its commitment to the one-China
Uganda’s inflation rate rose to 3.6% YoY in May from 3.2% in April. Meanwhile, Uganda plans to procure 29 more loans totaling over 18.7 tln
Peru’s Central Bank President Julio Velarde anticipates May’s inflation rate to be close to 0%, suggesting limited scope for rate cuts to significantly boost the
Jamaica’s central bank and finance ministry agreed to maintain the current inflation target of 5% +/-1% until March 2027. The finance minister urged the central