China
US President Biden and French President Macron agreed to enhance cooperation to address China’s economic practices amid concerns about the US Inflation Reduction Act. This
June 13, 2024
US President Biden and French President Macron agreed to enhance cooperation to address China’s economic practices amid concerns about the US Inflation Reduction Act. This
India’s central bank held its benchmark interest rate at 6.5%, focusing on controlling inflation amid political uncertainty following PM Modi’s coalition government formation. The unexpected
Indonesia’s FX reserves rose for the first time this year by USD 2.8 bln to USD 139 bln in May. This increase is attributed to
The Philippines reiterated its intention to maintain and supply its outposts in the South China Sea without seeking approval from other nations, countering China’s demands,
Russia’s central bank held its key interest rate at 16% on Friday, indicating a hawkish stance as it considers further monetary tightening. The bank noted
US President Biden and French President Macron have reportedly reached a preliminary agreement on utilizing profits from frozen Russian assets to support Ukraine financially. The
A group of international creditors initiated closed discussions with Ukraine to prevent the country from defaulting on its USD 20 bln in international debt amid
Azerbaijan’s president declared that a peace deal with Armenia is unattainable without constitutional changes in Armenia that remove references to the unification of Armenia and
Russia and Kazakhstan have finalized agreements to boost natural gas supplies to Uzbekistan, which has been compelled to import gas due to declining domestic production.
Mongolia’s inflation rate eased to 5.7% YoY in May, marking the gentlest pace since April 2021. The deceleration was noted particularly in food prices, although
Egypt and the IMF reached a preliminary agreement facilitating the next disbursement (USD 820 mln) from Egypt’s USD 8 bln loan, following discussions on necessary
Egypt’s government raised the subsidized price of traditional flatbread to EGP 0.2 starting June 1, the first hike in three decades. Over 80% of Egypt’s
The IMF praised the positive impacts of the November 2022 peace agreement in Ethiopia on its economy. Additionally, a debt service moratorium with China supports
Mauritius’ Finance Minister reported that the average inflation rate decreased to 5% YoY in May from 5.2% in April and is projected to stay within
South Africa’s Economic Freedom Fighters (EFF) stated they will not join a government that includes the Democratic Alliance and Freedom Front Plus, complicating President Ramaphosa’s
Brazil experienced a significant increase in swap rates, with some maturities rising up to 60 bps amid a strong US jobs report and a strengthening
Colombia plans to reduce public spending by approximately 20 tln pesos (USD 5 bln) this year. This decision arose from budget constraints faced by President
The Dominican Republic reported a slight decrease in consumer prices by 0.04% MoM in May, with annual inflation rising slightly to 3.2%. This rate is
Guatemala’s Monthly Index of Economic Activity rose 3.8% YoY in April, up from 2.5% in March, primarily driven by positive performances in financial activities, the