India
India called for a reassessment of training for armed guards on commercial vessels due to the rising threat of seaborne drones in the Red Sea.
July 25, 2024
India called for a reassessment of training for armed guards on commercial vessels due to the rising threat of seaborne drones in the Red Sea.
Malaysia’s annual inflation rate held steady at 2.0% in June, below market expectations of 2.2%. Core inflation remained at 1.9% YoY for the third consecutive
In Myanmar’s Myawaddy, economic strains have worsened as the Thai baht’s strength against the Myanmar Kyat doubles the cost of Thai imports and complicates cross-border
Vietnam’s central bank reported a rise in non-performing loans, with the bad debt ratio reaching 5% of total lending in H1 2024. The central bank’s
Ukraine continues negotiations to secure additional funds for its budget and military efforts, with expectations to receive EUR 4.1 bln from the EU in macro-financial
KazAtomProm announced that Kazakhstan’s National Oil Fund purchased a 12% stake in the company for USD 970 mln from Samruk-Kazyna. The National Bank plans to
Uzbekistan reported a 3.3% YoY decline in electricity output in the first half of 2024, with renewables contributing 5.4%. Natural gas production decreased by 5.1%,
Fitch affirmed Lebanon’s Long-Term Foreign- and Local-Currency IDR at RD and subsequently withdrew the ratings, citing insufficient information and the unavailability of key data as
Cameroon raised USD 550 mln through seven-year dollar bonds at a yield of 10.75%, utilizing a private placement amid favorable market conditions. This issuance is
Ghana revised its 2024 GDP growth forecast to 3.1%, aligning with IMF projections following a comprehensive debt restructuring. The non-oil GDP growth estimate for 2024
Nigeria’s central bank raised its key rate by 50 bps to 26.75%, and widened its “asymmetric corridor.” The cost for lenders to borrow was set
Nigeria’s national assembly approved a bill doubling the federal minimum wage from 30,000 to 70,000 naira, in response to rising living costs. The bill now
Standard Bank advised Zambia to stabilize its economy and bolster confidence in its currency before limiting USD usage. Zambia’s central bank plans to enforce the
Fitch noted that Argentine President Milei’s economic policies may impair the nation’s ability to amass FX reserves and re-access capital markets. The measures to limit
IMF Managing Director Georgieva commended Paraguay for its economic progress, highlighting the Itaipú plant’s key role. The IMF forecasts Paraguay’s economy to grow 3.8% in