Indonesia
Indonesia’s central bank achieved a record sale at its recent auction, dispensing 46.3 trillion tln (USD 2.8 bln) in rupiah securities, exceeding the previous high
June 18, 2024
Indonesia’s central bank achieved a record sale at its recent auction, dispensing 46.3 trillion tln (USD 2.8 bln) in rupiah securities, exceeding the previous high
Sri Lanka is nearing an agreement with the China Development Bank to restructure commercial debt, with similar agreements expected soon with other USD bondholders. These
Thailand’s central bank intensified efforts against online financial fraud, having frozen nearly 200,000 mule accounts used to facilitate illegal fund transfers. Over the past two
The G7 nations have agreed to a funding mechanism based on their economic sizes to provide Ukraine with approximately USD 50 bln in aid, expected
Ukraine’s central bank lowered its key policy rate by 50 bps to 13%, marking the third consecutive cut. This decision is supported by slowing inflation
For the first time since 2020, Serbia’s central bank has lowered its benchmark interest rate by 25 bps to 6.25%. This move reflects expectations of
Uzbekistan’s central bank has maintained its interest rate at 14%, unchanged since March 2023. The country is experiencing rising inflation, particularly in household energy costs,
Angola’s inflation rate continued its upward trajectory, reaching 30.16% in May 2024, the highest since June 2017. This rise is partly due to the weakening
Botswana’s central bank has reduced its key policy rate to 2.15%, the lowest since July 2022, in an effort to stimulate borrowing and spending. Despite
Goldman Sachs expressed concerns over investing in Egyptian Treasury bills, citing capped yields that make them unappealing compared to other emerging market options. Egypt’s economic
Nigeria’s economic growth slowed to 3.0% in Q1 2024, casting doubt on achieving the forecasted annual growth of 3.3%. This performance reflects broader regional trends,
South Africa’s ANC and the Democratic Alliance are finalizing an agreement to form a new government. This potential coalition is expected to positively impact markets,
Tanzania’s economy is expected to grow by 5.4% this year, up from 5.1% in 2023, according to the Ministry of Planning, supported by key sectors
Tunisia’s FX reserves stood robust at TND 23.45 bln (108 days of imports) in June, providing a buffer against economic challenges. The central bank highlighted
Moody’s anticipates Colombia’s fiscal deficit will exceed the government’s earlier estimate of 5.3% of GDP. Analysts point to a challenging fiscal outlook with potential increases
Costa Rica’s Finance Minister announced that the government will not proceed with previously negotiated external loans totaling USD 400 mln from IDB, AFD, and South