India
India’s trade deficit narrowed to USD 20.98 bln in June, as imports decreased and exports remained steady amid a recovery in global demand. Positive trends
July 17, 2024
India’s trade deficit narrowed to USD 20.98 bln in June, as imports decreased and exports remained steady amid a recovery in global demand. Positive trends
Pakistan’s government is seeking a Supreme Court order to ban Imran Khan’s political party following several legal victories for the jailed former prime minister. Recently,
Moody’s affirmed Papua New Guinea’s local and foreign currency long-term issuer ratings at B2, with a stable outlook. The affirmation reflects the country’s relatively weak
Thailand’s government is considering lowering the minimum credit card repayment rate from 8% to 5% in 2024 to stimulate economic growth. PM Thavisin requested the
Vietnamese banks issued loans totaling more than VDN 480 tln (USD 18.88 bln) to economic entities in June. Total credit by the end of June
Ukrainian President Zelensky is considering a cabinet overhaul amid challenges with the energy system and slow frontline resupplies during the ongoing conflict. He expressed concerns
The Azerbaijani embassy in Tehran resumed operations after over a year of negotiations aimed at reducing tensions between Azerbaijan and Iran. The relationship worsened significantly
Azerbaijan’s inflation rate increased by 1.5% in H1 2024. The average annual inflation rate during this period was 0.7%, with food prices decreasing by 0.6%,
The Kazakhstan government has agreed to purchase shares of Kazatomprom for KZT 467.4 bln, necessitating the central bank to sell approximately USD 970 mln from
Tajikistan reported an inflation rate of 1.9% in H1 2024, a decrease of 0.4% compared to the same period last year and significantly below the
Burundi’s annual inflation rate accelerated to 15.9% from 12.9% the previous month, driven by significant increases in food, transport, and fuel prices. Food prices rose
Kenya increased its road maintenance levy by 39%, raising the tax to KES 25 per liter of gasoline and diesel from KES 18. This increase
In other news, Kenya paid a total of USD 1.2 bln to China in debt repayments for FY23/24, primarily for the standard gauge railway and
Morocco is investing MAD 20 bln to construct three large desalination plants and an additional 11 bln to connect these facilities to populated areas and
Nigeria’s annual inflation rate rose for the 18th consecutive month, increasing slightly to 34.2% in June from 34% the previous month. This continued rise in
Guaranty Trust Holding Co. plans to raise USD 246.2 mln through a share sale to boost capital for its Nigerian unit, marking the most significant
Rwandans voted on Monday in a presidential election, with incumbent Paul Kagame widely anticipated to secure a fourth term. Kagame, who has received over 93%
Tunisia’s trade deficit narrowed by 7.7% YoY in H1 2024 to TND 8.016 bln. The coverage rate improved by 1.6 pp to 79.9%. During this
Argentina’s inflation rate marginally rose to 4.6% in June from 4.4% in May but below the central bank’s expected 5.2% from its market expectations survey
Bolivia’s trade surplus rose to USD 68 mln in May from USD 5 mln a year earlier, despite ongoing declines in natural gas production and
Costa Rica’s Monthly Economic Activity Index increased by 2.0% MoM in May, recovering from a 0.3% decrease the previous month. This growth was primarily driven