China
China’s 10-year government bond yield dropped to a record low of 2.17%, reflecting growing pessimism about the economy and anticipation of further rate cuts. This
July 30, 2024
China’s 10-year government bond yield dropped to a record low of 2.17%, reflecting growing pessimism about the economy and anticipation of further rate cuts. This
Laos, burdened with debt exceeding its economic output, primarily due to infrastructure spending under China’s BRI, is considering debt-for-equity swaps with China to avert default.
Pakistan is negotiating with China, Saudi Arabia, and the UAE to extend debt maturities and secure the three-year financial backing needed for a USD 7
Thailand has revised its GDP growth forecast for this year to 2.7%, driven by a rebound in exports and nearly record-high tourist numbers, anticipated to
Russia’s central bank (CBR) raised interest rates by 2% to 18% due to accelerating inflation over the past six months, deviating from earlier plans to
The World Bank’s recent report on Tajikistan gives it a passing grade for its current economic performance but cautions that excessive state role could jeopardize
Uzbekistan will conduct parliamentary and local council elections on October 27, 2024, under a new mixed electoral system, with the campaign starting on July 26.
Twelve children were killed and over 20 injured in a rocket attack in the Golan Heights, escalating tensions between Israel and Hezbollah. The IDF responded
Egypt’s oil ministry has announced new investments of about USD 340 mln with Shell, Petronas, and Cheiron Energy to enhance oil and gas outputs in
Ethiopia plans to float its currency, the birr, transitioning from a managed floating exchange rate that has caused USD shortages impacting imports and profit repatriation
Ghana’s central bank held the benchmark interest rate at 29%, citing inflation concerns and currency pressures. The decision reflects uncertainties around the inflation trajectory due
Kenya’s shilling saw its most significant gain in eight weeks as the central bank began selling two infrastructure bonds, boosting dollar inflows. The shilling strengthened
Despite tensions over South Africa’s stance on Israel, the country will likely maintain its preferential trade access to the US market. This optimism comes amid
Standard Chartered Bank expressed interest in funding up to USD 4 bln in Ugandan projects, including a standard-gauge railway and the acquisition of power distributor
Zambia aims to restructure most of its remaining commercial external debt by year-end. Approximately 75% of its targeted debts have been restructured, with the final
Moody’s raised Paraguay’s credit rating to investment grade (Baa3 from Ba1), recognizing its economic resilience and growth. Paraguay, praised for its stable policies and low
Peru’s President Boluarte expressed optimism about exceeding economic growth forecasts and announced plans to advance the 2026 elections to next April. She anticipates growth above