Pakistan
Pakistan’s Finance Minister is in Beijing to discuss power sector reforms with Chinese officials. Talks include restructuring nearly USD 15 bln in energy sector debt,
July 29, 2024
Pakistan’s Finance Minister is in Beijing to discuss power sector reforms with Chinese officials. Talks include restructuring nearly USD 15 bln in energy sector debt,
Ukraine’s central bank maintained its key interest rate at 13%, citing that inflation aligns with their forecasts and is anticipated to hit 8.5% by year-end.
Fitch revised Ukraine’s sovereign credit rating to C from CC, following the government’s suspension of commercial debt payments and an ensuing restructuring agreement. The agency
Uzbekistan’s central bank lowered its policy rate by 25 bps to 13.5%. The rate cut responds to an unexpectedly mild inflationary impact from recent tariff
The Kremlin acknowledged Armenia’s efforts to strengthen ties with the EU, expressing hope that Armenia will avoid the approach taken by Ukraine in its EU
Moldova’s Finance Minister Petru Rotaru resigned to become the deputy governor of the country’s central bank. His nomination is part of ongoing efforts to stabilize
Israel remains ready to launch further strikes on Houthi-controlled areas in Yemen, Foreign Minister Israel Katz announced. That follows an initial airstrike on Hodeidah after
Egypt increased fuel prices by up to 15% as part of its ongoing subsidy reduction efforts aligned with a new IMF agreement. The IMF emphasized
Ghana’s Eurobonds strengthened as the government presented a budget with reduced public spending during an election year, proposing to cut spending to 219.8 bln cedis
Nigerian lawmakers have passed a bill imposing a 70% tax on banks’ foreign-exchange gains, up from the initially proposed 50% by President Tinubu. Moody’s warned
Tanzania launched a new electrified commuter railway connecting Dar es Salaam and Dodoma. The 440 km line, constructed by a Turkish company, marks the first
The Ugandan Shilling hit a monthly low, trading as low as 3,740 against the USD. The decline follows the end-of-fiscal-year tax demands, compounded by a
Zambia’s annual inflation rate significantly declined to 7.4% in July from 15.2% in June. The reduction comes even as the country faces increased food prices
Brazil’s annual inflation rose unexpectedly to 4.45% in early July, which was higher than anticipated and supported the view that the central bank might increase
Costa Rica’s agricultural sector faced setbacks due to adverse weather and poor exchange rates, contrasting with the broader economy’s growth. In April, while overall economic
The IMF’s recent review noted that the Dominican Republic’s economy slowed to 2.4% growth in 2023, influenced by global financial tightening and subdued exports. Inflation