Day: June 21, 2024

Indonesia

The Indonesian rupiah weakened approximately 6% against the USD this year. Bank Indonesia Governor Warjiyo reassured that the rupiah’s performance remains strong relative to other

Laos

Laos registered a trade deficit of USD 151 mln in May, continuing a streak of trade deficits for the fifth consecutive month in 2024. The

Thailand

Thailand’s central bank Governor opposed the government’s suggestion to raise the bank’s inflation target (1%-3%). With inflation returning to this target range in May, the

Russia

Vietnam reported a trade surplus of USD 8.62 bln for the first five months of 2024, a slight decline from USD 10.15 bln in the

North Korea

Russia’s President Putin is traveling to North Korea for the first time since 2000. The stated aim of the trip is for the two countries

Armenia

The UN General Assembly has passed a resolution reaffirming the right of refugees and internally displaced persons to return to Georgia’s breakaway regions of Abkhazia

Moldova

Moldova’s GDP rose 1.9% YoY in Q1 2024. In seasonally adjusted terms, the quarterly GDP in Q1 was (marginally) the highest in more than two

Mongolia

Mongolia’s foreign trade turnover reached USD 10.8 bln in the first five months of 2024, marking a 10.3% increase from the previous year. Exports grew

Botswana

Botswana’s central bank expects the domestic economy will not meet the government’s growth projection of 4.2% this year due to declining mining output. Despite improvements

Ghana

The Ghanaian economy saw a 4.7% growth in Q1 2024, marking the fastest expansion in over two years and the best performance of the industry

South Africa

S&P does not foresee significant policy shifts following the formation of South Africa’s new government. The agency views the election outcome as generally positive for

Zambia

Zambia will receive USD 600 mln from the World Bank to aid social protection programs for households impacted by the severe drought. This funding is

Costa Rica

Costa Rica’s primary government spending surged by 31.2% YoY in April, driven by increased transfers to the social security fund. Revenue growth followed suit, up

Dominican Republic

The Dominican Republic initiated a repurchase offer for its 2025 international USD-denominated bonds at 100 cents on the USD, aligning closely with market prices before

Bolivia

Paraguayan President Pena discussed enhancing energy sector collaborations with Bolivian President Arce, focusing on the mutual benefits of urea purchase and hydrocarbon sector cooperation. This