Bangladesh
Inward remittances in Bangladesh increased by 16% YoY to USD 2.54 bln in June, reaching a 47-month high. For FY23-24, remittances totaled USD 23.91 bln,
July 4, 2024
Inward remittances in Bangladesh increased by 16% YoY to USD 2.54 bln in June, reaching a 47-month high. For FY23-24, remittances totaled USD 23.91 bln,
China’s central bank plans to borrow government bonds from primary dealers to stabilize the market amid falling bond yields. This move suggests potential open market
Pakistan’s inflation rate accelerated to 12.57% YoY in June, primarily due to rising energy costs. The central bank recently cut the target rate by 150
Thailand’s Constitutional Court is expected to deliver verdicts on two significant cases before September; one potentially removing PM Thavisin and another aiming to dissolve the
Trade turnover between certain Armenian regions and Russia has increased 2.5 times over two years, fueled by numerous bilateral agreements. Armenia’s Ambassador to Moscow highlighted
Azerbaijan’s FX reserves increased to USD 11.738 bln as of June 28, 2024. FX reserves rose by USD 23.9 mln in June compared to May
Kazakhstan’s central bank sold USD 800 mln from the National Fund to support the government budget in June. It also purchased USD 293 mln in
Kazakhstan’s inflation slowed to 0.4% MoM in June 2024. Notably, food prices rose by 5.4%, non-food goods by 7.4%, and services by 3.8%. Analysts anticipate
Uzbekistan’s government anticipates maintaining its debt-to-GDP ratio between 39.5% and 40.4% from 2025 to 2027. The plan includes maintaining a consolidated budget deficit averaging 3%
Israel’s military reported that 18 soldiers were wounded in a drone attack by Hezbollah targeting a command center. This incident is part of ongoing exchanges
Ghana finalized agreements with five out of seven independent power producers to restructure debts and renegotiate power purchase agreements, expected to enhance fiscal stability and
Kenyan President Ruto defended his decision to deploy the military to control protests that have resulted in at least 24 deaths. The unrest began after
Nigeria saw USD 2.1 bln in portfolio investments in Q1 2024, representing 61.5% of total capital inflows, driven mainly by these investments. FDI made up
Senegal’s economy grew 2.3% YoY in Q1 2024, a slowdown from a revised 5.2% in Q4 2023. On a quarterly basis, the economy contracted by
Costa Rica reported a 24% increase in foreign travel spending to USD 1.78 bln in Q1, contributing to 41% of the services balance of the
The Dominican Republic’s central bank maintained its policy rate at 7.0%. This decision was influenced by high US interest rates, rising commodity prices, and the
Hurricane Beryl, described as ‘extremely dangerous,’ is projected to cause significant damage across the Windward Islands and potentially affect Haiti, Jamaica, the Cayman Islands, and