Israel
Crude oil prices remained at USD 81.5/barrel, influenced by geopolitical tensions in Eastern Europe and the Middle East, including a drone strike in Russia and
June 24, 2024
Crude oil prices remained at USD 81.5/barrel, influenced by geopolitical tensions in Eastern Europe and the Middle East, including a drone strike in Russia and
India’s central bank noted in its June economic report that India is experiencing a significant upshift in its growth trajectory post-pandemic. From an average growth
Indonesia reported a significant increase in its trade surplus to USD 2.93 bln in May, driven by a 2.86% rise in exports and a substantial
The Philippines reported a USD 2 bln balance of payments surplus for May, showing a strong recovery from a USD 639 mln deficit in April.
Vietnam’s central bank extended its debt relief policy, Circular 02, until December 31, 2024. This policy allows banks to restructure debt repayments and maintain borrowers’
During talks in Pyongyang, North Korean leader Kim Jong Un pledged unconditional support for Russia in its invasion of Ukraine. The two countries signed an
Ukraine may invite Russia to the next meeting slated with international partners to find a formula for future peace talks, President Zelensky’s chief of staff
Tensions between Armenia and Azerbaijan continue as Azerbaijan accused Armenia of buying weapons to start a war against it in the future. Armenia asserted its
Georgia’s central bank maintained its key interest rate at 8%. With May inflation at 2.0% YoY and core inflation at 1.7%, the bank forecasts reaching
The Kyrgyz parliament ratified a trilateral agreement with China and Uzbekistan to promote the construction of a railway connecting the three countries. The China-Kyrgyzstan-Uzbekistan railway
The World Bank is actively managing 17 projects in Angola, with a total funding allocation of USD 3.6 bln spanning from 2017 to 2029. Additionally,
Namibia’s central bank held its benchmark interest rate at 7.75%, noting eased domestic inflation pressures despite a slight increase in May 2024. The forecast for
An armed group targeting Niger’s junta disrupted operations by attacking a section of a significant oil pipeline funded by PetroChina. This pipeline, integral to exporting
Rwanda’s GDP grew by 9.7% YoY in Q1 2024, slightly down from 10% in Q4 2023, with the services sector leading growth at 11%, followed
President Cyril Ramaphosa commenced another term amid South Africa’s annual inflation rate stabilizing at a four-month low of 5.2% in May 2024. Meanwhile, BofA has
Brazil’s central bank held its key Selic rate at 10.5%, aligning with expectations amid a challenging global climate influenced by US monetary policy and global
Colombia faces a potential cessation of debt payments by September or October unless Congress approves a USD 17.6 bln increase in the debt ceiling. The
The Peruvian government launched two debt offerings on Tuesday. The first is an exchange or cash purchase for existing local sovereign bonds maturing between 2024