Bangladesh
The ADB plans to provide Bangladesh with USD 20.8 bln in loans over the next four years to support economic growth towards achieving upper-middle-income status.
July 2, 2024
The ADB plans to provide Bangladesh with USD 20.8 bln in loans over the next four years to support economic growth towards achieving upper-middle-income status.
The US’s top diplomat in China indicated that China’s support for Russia during the Ukraine war significantly strained its relations with Europe. The EU is
S&P reaffirmed China’s long-term foreign currency debt rating at A+ with a stable outlook, citing challenges from the weak property sector and high local government
S&P maintained Papua New Guinea’s rating at B- with a stable outlook. Despite slower economic growth compared to similar nations, the outlook is supported by
The Philippines’ central bank held its policy rate steady at 6.5% to manage inflation and stabilize the national currency. The bank anticipates that inflation will
The IMF predicts Vietnam’s economy will grow nearly 6% in 2024, bolstered by a rebound in exports, strong FDI, and supportive policies. However, potential risks
Russia’s international reserves decreased by USD 3.1 bln, settling at USD 593.1 bln as of June 21. Meanwhile, the central bank adjusted its foreign currency
Ukraine received another EUR 1.9 bln tranche from the EU’s facility to support its macroeconomic stability. Meanwhile, Ukraine’s economy grew more than expected in Q1
The governments of China, Kyrgyzstan, and Uzbekistan ratified an agreement for a joint railway project expected to handle annual cargo volumes of 15 mln tons
Fitch reported that the strong profitability of Ghanaian banks, with pre-impairment operating profits at 7.1% of total assets in 2023, should help mitigate risks from
S&P indicated that Kenya is unlikely to meet its fiscal deficit target of 3.3% of GDP due to pressures to repeal the Finance Bill. With
Malawi has renegotiated a USD 206 mln debt with China, converting it into interest-subsidized and concessional terms, lowering the interest rate and extending the grace
Morocco’s central bank projects a positive outlook for 2024 and 2025, driven by favorable global economic conditions. Remittances are expected to grow by 1.9% in
The World Bank is progressing in talks with Uganda regarding new lending. Uganda’s domestic debt is reportedly stifling private sector growth, with borrowing expected to
Zambia’s annual inflation rate reached a 29-month high at 15.2% in June, while the economy recorded its slowest growth in two years due to a
Peru’s government announced successful liability management operations involving domestic and foreign bonds. A total of USD 1.2 bln in old foreign currency bonds and EUR