Bangladesh
Bangladesh’s central bank maintained its key policy rate at 8.5% to support economic growth while controlling inflation, which began to ease last month, standing at
July 22, 2024
Bangladesh’s central bank maintained its key policy rate at 8.5% to support economic growth while controlling inflation, which began to ease last month, standing at
India’s government is expected to slightly reduce its fiscal deficit target, indicating a commitment to maintaining fiscal discipline amidst pressure for increased spending. This decision
Moody’s noted that Pakistan’s recent staff-level agreement with the IMF, which secured a USD 7 bln EFF Arrangement over 37 months, enhances the country’s funding
Vietnam’s General Secretary, Nguyen Phu Trong, temporarily stepped down from his role due to health issues. This development strengthens the position of the current President,
Ukraine has started a new round of negotiations on restructuring over USD 20 billion in debt as the deadline looms, with a potential default risk
Azerbaijan and Armenia blamed each other for disrupting a scheduled meeting between their leaders at the fourth European Political Community summit in London, indicating ongoing
The Eurasian Development Bank forecasts a reduction in Tajikistan’s refinancing rate to about 9% by the end of 2024, down from 9.25%, due to low
Military officials in Cote d’Ivoire detained approximately 10 suspected militants near the Burkina Faso border amid concerns about a potential attack on the northern region,
Mauritius’ trade deficit declined to 14.9 bln rupees from 20.3 bln the previous year, helped by reduced bills for food and mineral fuels imports. However,
Morocco’s economic planners forecast an acceleration in both inflation and GDP growth for 2025. The GDP is expected to grow by 3.7% in 2025, up
The Nigerian government plans to introduce a windfall tax on banks to capitalize on the substantial foreign currency revaluation gains they experienced last year. This
Nigerian President Bola Tinubu is introducing a one-time 50% tax on banks’ windfall profits due to significant currency gains following last year’s naira devaluation. This
South Africa’s central bank held its interest rate steady at 8.25%, a 15-year peak. The bank remains committed to curbing inflation and has indicated it
The AfDB approved a USD 1 bln loan to South Africa’s Transnet. This 25-year loan, guaranteed by the South African government, aims to finance the
Zambia’s main pension fund is shifting its investment strategy from underperforming malls to infrastructure to secure better returns from new roads and power plant projects.
Paraguay’s central bank revised its inflation forecast for 2024 slightly downwards to 4.2% from 4.3%, with a stable forecast of 4.0% for 2025. Analysts anticipate
Peru’s Minister of Economy and Finance Arista stated that Peru’s GDP growth in 2024 is expected to exceed the official estimate of 3.1%. In a