Bangladesh
Nobel Prize-winning economist Muhammad Yunus has called for calm in Bangladesh amid plans to lead an interim government after Hasina’s ouster. His return follows the
August 9, 2024
Nobel Prize-winning economist Muhammad Yunus has called for calm in Bangladesh amid plans to lead an interim government after Hasina’s ouster. His return follows the
India’s central bank held its policy repo rate at 6.5%. This decision aims to manage inflation within the 2-6% target range while stimulating economic growth.
India’s central bank has contacted several large banks, directing them not to increase their positions against the rupee, aiming to stabilize the currency as it
Pakistan plans to secure approximately USD 4.5 bln in funding from multilateral lenders this fiscal year to bolster its FX reserves, targeting coverage for at
The Philippines is negotiating with JPMorgan to include its government bonds in the bank’s emerging-market debt index, which could attract significant foreign capital. That follows
Russia continued to reduce its oil production in July, approaching its OPEC+ commitment. The nation produced 9.045 mln bpd, a decrease of 33k barrels from
Moldova’s central bank held its monetary policy rate at 3.60% for a second time since June after cutting it from 3.75% in May. Moldova’s annual
In response to a deadly attack in Moscow by Tajik nationals in March 2024, Russia has deported over 17,000 Tajik citizens in H1 2024. The
Cameroon’s economic growth prospects hinge on improved tax collection and better-quality public spending, according to the World Bank. The IMF forecasts Cameroon’s economy to grow
Ethiopia’s central bank sold USD to commercial banks at an average rate of 107.9 birr, aiming to narrow the gap between the official and parallel
South Africa’s formation of a unity government, which includes a coalition between the ANC and the Democratic Alliance, has boosted investor sentiment. The Banking Association
Malnutrition rates have spiked in Nigeria, with Doctors Without Borders reporting a 120% increase in admissions in Bauchi state during H1 2024, compared to the
Tunisia’s inflation rate slightly decreased to 7% in July, with consumer prices rising 0.4% MoM. Separately, the EBRD and Proparco are financing solar power projects
Uganda’s central bank lowered its benchmark interest rate to 10.25%, marking its first cut in a year, driven by revised lower inflation forecasts and the
Argentina will pay the IMF USD 840 mln in interest and surcharges, a payment delayed from its original schedule last Thursday due to issues with
In Bolivia, the USD exceeded 100% of the official rate in informal markets, with prices reaching up to Bs 14 on the streets and online.
The IMF’s 2024 Article IV Consultation Staff Report on Guatemala highlighted the country’s economic stability and prudent policies. The IMF noted Guatemala’s inflation rate remains