Bangladesh
Bangladesh’s parliament approved a record national budget of 7.97 tln taka for the FY24-25. The government aims for a 6% average inflation rate, down from
July 3, 2024
Bangladesh’s parliament approved a record national budget of 7.97 tln taka for the FY24-25. The government aims for a 6% average inflation rate, down from
China’s factory activity contracted for the second consecutive month in June, with the manufacturing PMI registering at 49.5, indicating a shrinking sector. The broader economic
Fitch affirmed Malaysia’s rating (IDR) at BBB+ with a stable outlook. The rating reflects Malaysia’s diverse economy with strong growth potential, counterbalanced by high public
An IMF delegation is scheduled to visit Pakistan in July to advance discussions on a critical loan agreement. Meanwhile, Pakistan is actively seeking additional funds
Vietnam reported a GDP growth of 6.42% in H1 2024, making it the second-highest H1 growth in the past five years. The growth continued with
The IMF lowered its economic growth forecast for Ukraine due to continued Russian attacks on infrastructure. The IMF expects growth to be between 2.5% and
Botswana’s economy contracted 5.3% in Q1 2024, the most significant drop since early 2020, mainly due to a sharp decline in diamond production. This contraction
Kenya’s annual inflation dropped to a nearly four-year low of 4.6% in June, with a milder increase in food prices easing consumer burdens amid high
Namibia’s central government debt as a percentage of GDP decreased slightly to 66% at the end of March 2024, down from 67.2% a year earlier.
Zambia’s central bank is proposing legislation to criminalize the use of foreign currencies for local transactions to stabilize the national currency, the kwacha. Those violating
Argentine President Javier Milei announced a significant shift in monetary policy by replacing central bank one-day repo notes with new Treasury debt, currently under negotiation
Colombia’s central bank lowered its benchmark interest rate to 11.25%, a move less aggressive than what the government and major private banking groups had advocated.
Jamaica’s central bank held its benchmark interest rate at 7%, marking the thirteenth consecutive hold. Inflation decreased to 5.2% in May 2024, staying within the
The IMF and Jamaican authorities have reached a staff-level agreement for the third review of Jamaica’s PLL and the RSF. The fund noted that the