Philippines
The Philippines’ annual inflation rate decreased to 3.7% in June 2024, lower than the expected 3.9% and down from May’s five-month high. Core inflation remains
July 9, 2024
The Philippines’ annual inflation rate decreased to 3.7% in June 2024, lower than the expected 3.9% and down from May’s five-month high. Core inflation remains
Thailand’s central bank Governor defended the current benchmark interest rate of 2.5% amid government calls for cuts. He stated that inflation is projected to average
Russia’s central bank plans to raise the inflation forecast significantly for 2024 following the meeting of the regulator’s board of directors in July and does
NATO allies have agreed to aim for at least EUR 40 bln in military aid annually for Ukraine, although specific long-term commitments were not established,
Ukrainian President Zelensky announced ongoing discussions to utilize the country’s transit capacity for Azerbaijani gas to the EU, as the current contract for Russian gas
The European Commission announced a EUR 1.2 bln investment package under the EU’s Economic and Investment Plan for the Western Balkans. This funding, part of
Israel is considering a new cease-fire proposal from Hamas amid ongoing conflicts in Gaza. Concurrently, Hezbollah has intensified attacks from Lebanon, launching over 200 missiles
DR Congo completed a three-year, USD 1.5 bln IMF loan program, a first in its history. The program’s closure allows for a final disbursement of
BofA analysts predict a near-term appreciation of the Egyptian pound due to favorable balance of payments dynamics. Following a devaluation earlier in the year, the
Ethiopia is in talks with the IMF and the World Bank, potentially securing up to USD 10.5 bln in funding. Additionally, Ethiopia received about USD
South African Finance Minister Godongwana emphasized the government’s commitment to reducing state debt, projecting it to stabilize at 75.3% of GDP by FY25/26. Currently, it
South Africa is attempting to renegotiate the terms of an agreement with Climate Investment Funds linked to the World Bank. The government seeks adjustments to
Tanzania’s central bank held its key interest rate at 6%, citing well-anchored inflation expectations, strong economic growth, and expected easing of FX pressures. The bank’s
Tunisia’s central bank anticipates that the inflation rate will decrease to 6% in 2025 from 7% in 2024, although it will remain high in the
The Argentine Peso (ARS) has shown signs of strengthening, with a notable appreciation of 3.4% to ARS 1,389 per USD, according to the Blue Chip
Colombian President Petro has undertaken a cabinet reshuffle as he approaches the midpoint of his term. Amid this reshuffle, the government is preparing to present
Hurricane Beryl is heading toward Jamaica, bringing strong winds, heavy rains, and a potentially devastating storm surge. Early assessments suggest the storm could inflict over