India
India’s inflation rate marginally declined to 4.75% in May from 4.85% in April, still hovering above the central bank’s target of 4%. Core inflation showed
June 17, 2024
India’s inflation rate marginally declined to 4.75% in May from 4.85% in April, still hovering above the central bank’s target of 4%. Core inflation showed
Pakistan’s Finance Minister Aurangzeb announced tax increases aimed at boosting revenue and supporting the country’s efforts to secure a new IMF loan. The new fiscal
Thailand’s central bank held its key interest rate unchanged for the fourth meeting at 2.5% as an improving economy and a pick-up in inflation gave it more
Russia’s main exchange, the Moscow Exchange (Moex), announced it will stop trading in USD and EUR, along with instruments settled in these currencies. This decision
Armenia announced its intention to withdraw from the Collective Security Treaty Organization (CSTO), a Russia-led security alliance. That follows a series of steps distancing itself
Georgia’s central bank conducted another currency intervention, spending USD 60 million to stabilize the Georgian Lari, which has weakened due to controversial new legislation. That
Serbia’s inflation rose by 0.4% MoM in May, reaching an annual rate of 4.5%. This rate is at the upper limit of the central bank’s
Tajikistan’s President Rahmon announced ambitious goals for the country’s energy sector, aiming for 100% renewable energy by 2032 and transforming Tajikistan into a fully green
The World Bank predicts a slowdown in Algeria’s GDP growth to 2.9% in 2024, from 4.1% the previous year, mainly due to decreased crude oil
Ghana’s inflation rate rose to 3.2% YoY in May, the highest in 10 months, primarily due to the cedi’s sharp 14% depreciation against the USD
Ghana formalized a debt treatment agreement with creditors, a step crucial for unlocking a USD 360 mln tranche from the IMF. That is part of
Kenya secured a staff-level agreement with the IMF for a USD 976 mln loan, pending executive board approval, with an immediate disbursement of USD 120
Malawi is intensively searching for a missing aircraft carrying Vice President Chilima and nine others. International assistance has been provided from the US, UK, Norway,
The EIB announced a EUR 450 mln aid package for Tunisia to bolster SMEs and infrastructure, essential for stimulating economic growth and employment. That includes
The IMF expects that China will reschedule payments on part of Argentina’s USD 18 bln swap line, which includes imminent repayments of USD 2.9 bln
Brazilian markets reacted negatively after President Lula da Silva indicated that spending cuts are not under consideration to address fiscal concerns. This statement comes as
Colombia’s inflation halted its declining trend for the first time in over a year, recording a 7.16% annual increase in May. This development weakens the
Fitch Co-Head of America’s Sovereigns Francis expressed concern about Colombia’s fiscal and economic prospects, suggesting a possible negative rating revision in the future. He highlighted
Paraguay’s economic activity rose 5.0% in April, reversing a previous decline and marking a record high. Annually, growth accelerated to 7.8% in April, contributing to