India
As Indian bonds are added to JPMorgan’s emerging market index, significant capital inflows are expected into India, potentially resulting in outflows from other emerging markets.
July 1, 2024
As Indian bonds are added to JPMorgan’s emerging market index, significant capital inflows are expected into India, potentially resulting in outflows from other emerging markets.
Indonesian businesses expressed concerns over the weakening rupiah, which has declined by over 6% against the USD this year, stressing at a meeting with the
Sri Lanka finalized restructuring agreements totaling USD 10 bln, including a significant agreement with China’s Eximbank valued at USD 4.2 bln. These agreements are part
Ukrainian President Zelensky replaced one of his top generals amid social media criticism and perceived setbacks on the northeastern Kharkiv front, where Russian forces have
Commitment among NATO allies to a multi-year military aid plan for Ukraine has wavered. While NATO initially aimed for at least EUR 40 bln annually
The EU agreed on a new sanctions package against Belarus. The sanctions include measures to block the transshipment of Russian LNG through EU facilities and
BofA analysts find the Kazakh tenge attractive despite its recent depreciation, largely triggered by US sanctions against Russia and a reduction in net foreign exchange
Negotiations facilitated by the EU between Serbia and Kosovo have stalled, with leaders from both nations failing to meet as planned. The discussions have been
The IMF’ concluded its Article IV consultation with Uzbekistan. The fun noted a positive economic outlook, supported by robust reform initiatives, including energy price reforms
An Iraqi militia leader threatened to target US interests in Iraq if the US supports Israeli actions against Lebanon. Amid fears that the nine-month-long Israel-Gaza
Following widespread protests, Kenya’s government had to abandon a USD 2.3 bln fiscal plan intended to balance the budget and stabilize debt. This decision has
Despite recent statements from Nigeria’s central bank governor indicating that the worst of the naira’s volatility was over, the currency fell to its lowest level
Sierra Leone’s central bank raised its benchmark interest rate by 100 bps 24.25%, aiming to tackle persistently high inflation, currently at 35.8%. Although inflation is
The IMF approved the immediate release of USD 569.6 mln to Zambia. This funding is part of an effort to support the country in overcoming
Bolivian President Arce faced an attempted coup led by army forces, prompting him to swear in a new army commander. The insurgents stormed the presidential
The Dominican Republic has issued green bonds worth USD 750 mln for the first time, securing a lower interest rate of 6.70%, 15 bps below