Bangladesh
Following the political upheaval and the removal of Sheikh Hasina’s government, Bangladesh Bank Governor Abdur Talukder and Chief Justice Hassan have resigned. Bangladesh faces economic
August 13, 2024
Following the political upheaval and the removal of Sheikh Hasina’s government, Bangladesh Bank Governor Abdur Talukder and Chief Justice Hassan have resigned. Bangladesh faces economic
Moody’s Analytics reduced Bangladesh’s GDP growth forecast for 2024 to 5.1% from 5.4%, citing social unrest and a currency crisis that threaten economic stability. The
Ukraine’s unexpected counter-invasion into Russia’s Kursk region persisted over the weekend, seen by analysts and Western officials as a potential protracted maneuver to distract Russian
Russian inflation reached 9.1% YoY in July and is likely the peak for annualized inflation due to the impact of utility price increases. Core inflation
Ukraine’s July inflation increased by 0.6 pp to 5.4% YoY, exceeding the central bank’s target midpoint for the first time this year. The rise, driven
The Japan Bank for International Cooperation (JBIC) and the Development Bank of Kazakhstan (DBK) intend to sign a USD 200 mln agreement to finance joint
Kyrgyzstan’s GDP grew 8.7% YoY in the first seven months of 2024, reaching around USD 8 bln. Industrial output during this period rose by 0.8%
Mongolia’s inflation rose to 5.5% YoY from 5.1% in June, which was the slowest rate since 2021. Prices of food and non-alcoholic beverages rose 5.6%
Tajikistan significantly reduced its debt to China by over 40%, according to Deputy Finance Minister Yusuf Majidi. Initially totaling USD 1.5 bln, Tajikistan has repaid
Jordan’s King Abdullah II called for a de-escalation of tensions in the Middle East to avoid a regional war. He affirmed that Jordan will not
Fitch maintained Mozambique’s CCC+ rating, indicating high credit risk due to substantial government debt, weak financial management, and challenging security concerns. However, growth prospects fueled
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture expressed concerns that the central bank’s non-fulfillment of USD 2.4 bln in foreign FX
Rwanda’s inflation rate fell slightly to 4.9% YoY in July, down from 5% in June. The annual average inflation from July 2023 to July 2024
Tanzania’s economic growth accelerated to 5.6% YoY in Q1 2024, up from 5.0% in the previous quarter, driven by a 3.1% YoY increase in agriculture
Zambia temporarily closed its borders with the DR Congo amid escalating tensions following a Congolese ban on certain Zambian beverage imports. This closure could disrupt
Bolivia recorded a monthly inflation rate of 0.47% in July, down from 0.54% in June, with annual inflation increasing slightly to 3.95% from 3.84%. The
Brazil’s annual inflation hit the top of the central bank’s target range, rising to 4.5% YoY in July. The persistent rise in service costs, a
Colombia’s inflation rate declined to 6.86% YoY in July, the lowest since 2021, down from 7.16% in June and a monthly rise of 0.20%. The
Paraguay asked the US ambassador to depart swiftly, heightening tensions after the US sanctioned a tobacco firm linked to Paraguay’s influential ex-president. This move marks