Day: June 7, 2024

Bangladesh

Bangladesh continues to grapple with near double-digit inflation, driven primarily by rising food prices. Inflation rose slightly to 9.89% YoY May, with the central bank

Indonesia

Indonesia’s annual inflation rate decreased to 2.84% in May, driven by lower food and energy prices. This rate is within the central bank’s target range

Pakistan

Pakistan’s inflation rate declined for the fifth month to 1.76% YoY, reaching its lowest point in over two years due to improved food supplies and

Georgia

The controversial law in Georgia, which sparked protests over its potential to limit media freedom and hinder EU accession, was enacted after Speaker Papuashvili signed

Kazakhstan

Kazakhstan’s inflation rate decreased to 8.5% YoY in May, primarily due to a decline in food inflation. The central bank lowered its policy rate by

Serbia

Preliminary results from local elections in Serbia indicate that the coalition led by President Vucic’s Serbian Progressive Party (SNS) has secured a majority in the

Egypt

Egyptian President El-Sisi has directed PM Madbouly to form a new government as part of Egypt’s ongoing economic reforms. These reforms, crucial for a USD

Kenya

Kenya’s annual inflation rose to 5.1% YoY in May, driven by severe flooding and mudslides that affected food prices, the first rise in four months,

Morocco

Morocco plans to introduce derivatives trading within the year to support a boom in infrastructure financing and preparations for the 2030 World Cup. This initiative

Russia

Russia is reportedly seeking to acquire uranium assets in Niger, currently held by a French state-controlled firm. This move is part of Russia’s broader strategy

Nigeria

Nigeria faced significant disruptions due to a nationwide power outage and strikes at major airports following a general strike initiated by labor unions, who demanded

South Korea

Tanzania signed a USD 2.5 bln five-year agreement with South Korea, focusing on infrastructure projects under the Economic Development Co-operation Fund, highlighting a growing economic

Bolivia

Bolivia registered a commercial deficit of USD 438 mln through March, with exports falling 27% YoY to USD 1.9 bln and imports dropping 16% to

Costa Rica

Costa Rica’s central bank intervened in the FX market for the first time since September 2023, selling USD 10 mln due to technical problems that

Dominican Republic

The Dominican Republic’s central bank held its key interest rate at 7.0%, citing high US interest rates and rising commodity prices. The economy’s gradual recovery