Bangladesh
Bangladesh aims to reduce its budget deficit to 4.6% of GDP in F24-25, the lowest since 2015, by slowing government spending and increasing taxes. This
June 12, 2024
Bangladesh aims to reduce its budget deficit to 4.6% of GDP in F24-25, the lowest since 2015, by slowing government spending and increasing taxes. This
Malaysia plans to cut subsidies for petrol as part of efforts to reduce the fiscal deficit, with Economy Minister Ramli highlighting the need to address
Following Georgia’s adoption of the “Transparency of Foreign Influence” bill, EU Ambassador Herczynski indicated that the EU is considering various responses, including potentially suspending Georgia’s
Serbia has placed some USD 1.5 bln in an inaugural 10Y sustainable bond (SERBIA’34) with a 6% coupon. The offering attracted significant interest, with demands
Uzbekistan’s President has enacted a new law “On Conflict of Interest” to defend and protect conflicts of interest among state and state-owned enterprise employees. This
Israel is intensifying its stance against Hezbollah, warning of potential war following recent attacks, including a drone strike that killed an Israeli soldier and wounded
Russia will enhance military support to Burkina Faso by sending additional supplies and instructors to assist in counter-terrorism efforts. This move strengthens Russian ties with
Following the ANC’s loss of majority in recent elections, the South Africa’s central bank chief warned that the next government must manage its limited resources
Capital outflows totaling 36 bln rand from equities and 12.4 bln rand from bonds in Q1 2024 have diminished the depth and liquidity of South
Uganda’s state-owned oil company secured long-term contracts with over 80 oil marketers following a tripartite agreement with Uganda and Kenya. Meanwhile, Uganda signed a framework
Zambia’s corn production plummeted by 54% to its lowest since 2008 due to severe drought conditions attributed to El Nino. The country primarily relies on
Bolivia’s inflation rate increased by 0.6% MoM in May, driven by a 1.4% rise in food prices. Annual inflation remained at 3.5%, the highest in
The Costa Rican colon depreciated by ~3.8% in May, with FX reserves falling by USD 541 mln to USD 13.01 bln. Factors impacting the currency
Remittances to Guatemala grew by 9.3% YoY to USD 2 bln in May, though the pace slowed compared to April’s 19.1% increase. Nonetheless, remittances have