China
China’s central bank held its key lending rates, maintaining them at record lows after unexpected cuts in July. This decision aligns with the PBoC governor’s
August 21, 2024
China’s central bank held its key lending rates, maintaining them at record lows after unexpected cuts in July. This decision aligns with the PBoC governor’s
Indian PM Narendra Modi plans to visit Ukraine, marking his first trip there since the onset of Russia’s invasion. This visit follows a recent trip
Russian President Putin signed numerous agreements with Vietnamese counterpart To Lam, including potential fossil fuel supplies, during a state visit to strengthen ties amid Moscow’s
Russian President Putin, during his visit to Baku on Monday, reaffirmed Russia’s commitment to mediating peace between Azerbaijan and Armenia, notwithstanding the ongoing conflict in
Tajikistan aims to generate 100% of its energy from renewable sources by 2023. Currently, hydropower plants generate 98% of the electricity in Tajikistan, which makes
Uzbekistan plans to attract USD 37.5 bln in foreign investments in 2024, around 25% more than in 2023. Of the USD 37.5 bln, USD 22
Egypt extended Hassan Abdalla’s tenure as head of the central bank for another year, signaling to investors a continued commitment to orthodox monetary policies. Investors
The World Bank will disburse USD 1 bln to Ghana over the next 12 months, enhancing economic stabilization, supporting private sector growth, and financing essential
Kenya’s government aims to raise around USD 1.2 bln by reintroducing some unpopular taxes. President Ruto revisited these taxes following significant financial pressures, exacerbated by
Morocco’s annual inflation decreased to 1.3% in July from 1.8% the previous month. The rise in food prices slowed to 0.5% YoY, while non-food inflation
Sudan and Russia are discussing the use of their local currencies for bilateral trade transactions to lessen reliance on foreign currencies. The discussions include potential
Zambia’s energy regulator is reviewing a request from the state-owned power utility to increase electricity tariffs by up to 156% to compensate for losses caused
Dominican Republic President Abinader was inaugurated for his second term on August 16. Abinader highlighted significant growth and investment during his first term and committed
Jamaica’s inflation rate slowed to 0.8% MoM in July, down from 1.1% in June. YoY, inflation eased to 5.1% from 5.4%, keeping annual inflation within