Bangladesh
The IMF’s board approved USD 1.1 bln in financing for Bangladesh. That includes about USD 928 mln under the ECF and EFF and about USD
June 27, 2024
The IMF’s board approved USD 1.1 bln in financing for Bangladesh. That includes about USD 928 mln under the ECF and EFF and about USD
India’s MPC members are increasingly concerned that high interest rates are hindering economic growth. With the benchmark repurchase rate held at 6.5% amid persistent inflation
Indonesia’s central bank currently sees no urgent need to increase interest rates further, preferring market interventions to stabilize the rupiah. Despite the rupiah trading near
Malaysia’s inflation rate rose to 2.0% in May from 1.8% in April, driven by higher water and various services costs. Despite government interventions to stabilize
Sri Lanka’s inflation rate dropped to 1.6% in May from 2.7% in April. Meanwhile, the World Bank has approved a USD 150 mln loan to
The Southeast Asia Commercial Joint Stock Bank (SeABank) in Vietnam plans to issue the country’s first blue bond, as part of a USD 150 mln
Ukraine is set to receive EUR 1.9 bln next week under the Ukraine Facility, as announced by Valdis Dombrovskis, the Executive Vice President of the
The World Bank forecasts a recovery in remittances to Kyrgyzstan, driven by high demand for migrant workers in Russia. However, growth rates are expected to
In Serbia, inflation expectations within the financial sector held steady at 3.9% for May, consistent with previous months and within the central bank’s (NBS) target
Egypt successfully secured USD 2 bln in budget support from several development partners, including the World Bank (USD 700 mln), the EU, the AfDB, and
Ethiopia’s official creditors are considering extending a June 30 deadline to reach a deal with the IMF, continuing a debt service suspension until the end
Nigeria updated its policy to allow International Money Transfer Operators (IMTOs) to access naira liquidity directly from the Central Bank of Nigeria (CBN) or through
Senegal anticipates an average GDP growth of 6.4% from 2025 to 2027, with a peak at 9.7% in 2025, the second year of oil and
Negotiations between South Africa’s two largest political parties, the ANC and the Democratic Alliance, are progressing towards forming a broad coalition government. Discussions include allocating
Argentina entered a recession, with the GDP falling by 2.6% in Q1 2024, following a 2.5% contraction in Q4 2023. President Javier Milei’s economic policies,
According to Scotiabank, Peru faces significant fiscal challenges, with a fiscal deficit of 3.9% in May, exceeding the government’s target. Scotiabank analysts express concern that