Day: July 10, 2024

Afghanistan

Afghanistan’s central bank plans to inject USD 15 mln into the local market on Monday to support the afghani, following a similar amount auctioned last

Bangladesh

Bangladesh’s inflation rate slightly cooled to 9.72% in June, down from 9.89% in May. Food inflation also eased to 10.42% from 10.76% over the same

China

Nepal’s public debt rose to 42.08% of GDP after an increase of INR 100.99 bln. Officials opted against accepting loans for projects under China’s BRI,

Vietnam

Vietnam’s economy is on a rapid growth trajectory and may surpass the government’s target of 6.5% this year, potentially reaching up to 7%, driven by

Ukraine

Russian President Putin acknowledged taking seriously a statement by former US President Trump about having proposals to quickly end the war in Ukraine, as reported

Ukraine

Ukraine’s national energy operator announced more stringent rolling blackouts, increasing from two to three per day, due to ongoing damage from Russian attacks on infrastructure.

Azerbaijan

Armenian PM Pashinyan expressed a desire to elevate the country’s relationship with the United States to a strategic partnership level, highlighting the significant role of

Azerbaijan

Moody’s upgraded Azerbaijan’s credit outlook from stable to positive, while maintaining its Ba1 rating.

Mongolia

Mongolia’s ruling party secured a slight majority in the recent parliamentary elections but saw reduced dominance as the opposition gained due to public demand for

Qatar

Algeria and Italy have signed an agricultural deal worth EUR 420 mln. The agreement focuses on developing agricultural projects in Algeria and follows a USD

Nigeria

BofA revised its year-end forecast for the Nigerian naira to 1,400 per USD from an earlier forecast of 1,550. This adjustment is based on anticipated

Mali

Military leaders from Mali, Niger, and Burkina Faso are progressing towards greater political and economic integration by forming a confederation. This development marks a significant

South Africa

In South Africa, inflation expectations for the next two years have decreased, with forecasts for the period ahead falling to 4.9% from 5.2%. This decline

Argentina

Argentina’s central bank June survey showed a decrease in inflation expectations for the year, now predicted at 138.1% annually. The projected official exchange rate remains

Costa Rica

Honduras’ inflation rate slightly declined to 4.87% YoY in June. Consumer prices rose by 0.32% MoM, compared to 0.16% in the previous month. Elsewhere, Costa

Jamaica

Despite the significant damage caused by Hurricane Beryl in Jamaica, investors in the country’s USD 150 mln catastrophe bond will not face financial losses. The

Peru

The Inter-American Development Bank (IADB) has approved a USD 600 mln loan to enhance Peru’s fiscal management and sustainability as part of the country’s economic