Bangladesh
Bangladesh’s Supreme Court largely abolished a contentious government jobs quota system following lethal protests nationwide. The system had reserved up to 30% of jobs for
July 23, 2024
Bangladesh’s Supreme Court largely abolished a contentious government jobs quota system following lethal protests nationwide. The system had reserved up to 30% of jobs for
China’s central bank cut its key short-term policy rate by 10 bps to 1.7%, the first reduction in nearly a year, to bolster economic growth
Pakistan has called on the German government to immediately enhance the security of Pakistan’s diplomatic missions and staff following an attack on its consulate in
Just hours after announcing a “provisional arrangement” to govern resupply missions to Manila’s military outpost in the South China Sea, the Philippines and China have
The EU will soon receive the first tranche of EUR 1.55 bln from profits generated by the frozen assets of the Russian Central Bank, according
Ukraine’s government is proposing its first tax increases since the onset of Russia’s full-scale invasion, aiming to bolster its wartime budget. The proposed hikes, including
Serbia and the EU signed a framework agreement to provide critical raw materials across the bloc, highlighting Serbia’s ambition to become a center for electric
The World Bank expressed concerns over a potential decline in remittances to Tajikistan due to increased global and regional tensions and stricter migration policies in
Uzbekistan reported a year-to-date GDP growth of 6.4% YoY in Q2, with notable expansions in industry (7.8%), construction (10.1%), services (12.9%), and agriculture (3.8%). According
Israel retaliated with airstrikes around Yemen’s Houthi-held Red Sea port of Hodeidah after a drone attack from the Iran-backed militants struck Tel Aviv, killing one
Angola’s central bank unexpectedly maintained its borrowing rate at 19.5%, anticipating inflation to ease from August. Despite annual inflation reaching a seven-year high of 31%
Egypt held its interest rate at a record high of 27.25% to continue curbing inflation following a significant currency devaluation. Despite a series of price
Ethiopia received financing assurances from its official creditors, facilitating the progression of a new loan approval by the IMF’s executive board. The country is restructuring
Fitch projects Morocco’s fiscal deficit will decrease to 3.4% of GDP by 2026 from 4.3% in 2023, supported by government efforts to consolidate finances and
Zambia’s proposed ban on foreign currency transactions, punishable by up to 10 years in jail, may counteract its intent by exacerbating inflation, warns the IMF.
The IMF updated its economic forecast for Argentina, predicting a 3.5% contraction in 2024, with a rebound to 5% growth expected in 2025. This forecast
Colombia’s trade deficit rose to USD 1.089 bln in May from USD 0.921 bln a year earlier, albeit showing improvement from a larger deficit recorded
Costa Rica’s central bank held its key interest rate at 4.75%. The annual inflation rate marginally decreased by 0.04% in June 2024, continuing a 13-month