Indonesia
S&P affirmed Indonesia’s rating at BBB, with a stable outlook. The agency projects nearly 3% annual general government deficits relative to GDP for the next
August 1, 2024
S&P affirmed Indonesia’s rating at BBB, with a stable outlook. The agency projects nearly 3% annual general government deficits relative to GDP for the next
S&P affirmed Pakistan’s long-term foreign currency debt rating at CCC+ with a stable outlook. The outlook reflects a balance between risks to Pakistan’s external liquidity
Sri Lanka significantly reduced its budget deficit by 63.8% in the first five months of this year compared to last year. The government also decreased
Armenia’s central bank lowered its key interest rate by 25 bps to 7.75%, aligning with its medium-term inflation target of 4%. This decision reflects robust
Turkish and Armenian diplomatic officials plan to meet at their border to discuss normalizing relations and potentially reopening border crossings, closed since the early ’90s.
Kyrgyzstan’s central bank held its interest rate at 9%, citing global price volatility in food and raw materials and upcoming state tariff policy revisions. The
Israel launched an airstrike targeting a senior Hezbollah commander in Beirut, in retaliation for a deadly rocket attack on a football field in the Golan
Egypt successfully completed a critical review under its expanded IMF loan program, securing a USD 820 mln disbursement. That is part of a broader USD
Ethiopia’s international bond value surged following the IMF’s approval of a USD 3.4 bln loan, spread over four years, to support economic reforms. The agreement,
Guinea’s military leadership proposed a draft constitution to shorten presidential terms from six to five years and impose restrictions. That comes amid growing protests against
France has officially recognized Morocco’s sovereignty over Western Sahara, prompting a significant shift that could boost investment in the region but has escalated tensions with
Mozambique will allocate funds from a London High Court ruling against Privinvest to repay USD 900 mln in Eurobonds linked to a past financial scandal.
Nigeria proposed selling oil to the Dangote Petroleum Refinery in local currency, aiming to alleviate pressure on its FX reserves and support the naira. However,
The Development Bank of Southern Africa has granted a USD 70 mln facility to Senegal for the construction of 45 open digital spaces, supporting the
South Africa’s central bank emphasized the need for further measures to remove the country from the FATF’s grey list to prevent long-term economic impacts. South
Honduras’ Finance Secretary stated that despite differing views with the IMF on economic imbalances, the Central Bank of Honduras is addressing these issues. He noted
Peru’s top prosecutor’s office has filed a constitutional complaint against President Dina Boluarte, accusing her of homicide related to the deaths of 44 people during