China
The ADB raised its 2024 economic growth forecast for the Asia Pacific region to 5%, a slight increase of 0.1 pp from its previous prediction,
July 19, 2024
The ADB raised its 2024 economic growth forecast for the Asia Pacific region to 5%, a slight increase of 0.1 pp from its previous prediction,
Indonesia’s central bank held its policy rate steady at 6.25%, signaling a cautious approach to potential rate cuts later in the year to support the
Two years after leadership changes at the Bank of Laos, its head, Sinxayvoravong, has been removed amidst a reshuffle, indicating growing concerns over the country’s
Myanmar’s inflation rate accelerated to 28.23% as of September 2023, up from 18.22% a year earlier. The country’s GDP grew by 3.3% during the same
Russia and Ukraine conducted a prisoner exchange involving a total of 190 prisoners, facilitated by humanitarian mediation from the UAE. This marks the sixth such
Japan is making final arrangements to provide Ukraine with USD 3.3 bln as part of a USD 50 bln loan plan by the G7 nations
The ADB maintained its economic growth forecast for Kazakhstan at 3.8% for 2024, unchanged from its April prediction, and maintained the 2025 forecast at 5.3%.
Uzbekistan’s GDP grew 6.4% YoY over the first half of 2024, President Shavkat Mirziyoyev said at a video conference. This growth was attributable primarily to
Iraq has reaffirmed its commitment to OPEC’s Declaration of Cooperation (DoC), pledging to compensate for any oil overproduction since the start of 2024, following reports
Jordan initiated discussions with Iraq to renew their MOU for crude oil imports. Under the current agreement, Jordan purchases Iraqi (Kirkuk) crude at a discount,
The IMF lowered its forecast for Egypt’s GDP growth for FY 23/24 to 2.7% from an earlier projection of 3.0%, and for FY 24/25 to
Gambia’s economy minister reported a 120% increase in domestic resource mobilization from GMD 8.1 bln in 2017 to GMD 17.8 bln in 2023, with expectations
Ghana’s Supreme Court delayed a decision on preventing a stringent anti-LGBTQ bill from being enacted. The ruling, which could impact a USD 3 bln IMF
In Kenya, police dispersed protesters with teargas in major cities, leading to closures in business districts. This unrest resulted in an undersubscription of Kenya T-Bonds,
Mozambique plans to remove at least 5,000 “ghost workers” from its payroll by the end of the month, as part of efforts to manage its
Nigeria’s Zenith Bank anticipates the Naira stabilizing at 1,500 against the USD. The bank emphasized the importance of exchange rate stability for planning and executing
Tunisia is seeking a strategic partner for a USD 1 bln deep-sea port project in the northeastern town of Enfidha. The project’s first phase, involving
Brazilian President Lula da Silva expressed ambivalence about strictly adhering to Brazil’s fiscal targets, noting that he is “not obligated to set a goal and
The Dominican Republic’s central bank reserves decreased by 13.4% since the end of 2023 to USD 13,384.9 mln by June 2024. The economy minister forecasted