Day: August 27, 2024

Bangladesh

Bangladesh’s central bank governor announced the country is seeking an additional USD 3 bln from the IMF to help recover from political turmoil and to

Thailand

Thailand’s central bank maintained its key interest rate at 2.5% during its latest meeting, expressing readiness to adjust monetary policy, as needed, to stabilize the

Vietnam

Vietnam’s central bank conducted two interest rate cuts on its treasury bills this week, reflecting a downward adjustment in short-term borrowing costs. The latest auction

Ukraine

Ukrainian officials are concerned about delays in securing a USD 50 bln support package tied to the profits from frozen Russian central bank assets. The

Kazakhstan

Belarusian President Lukashenka emphasized the importance of maintaining ties with Russia in an interview with a Russian TV channel. This statement coincided with protests in

Kazakhstan

Kazakhstan plans to significantly reduce its oil production in October to comply with its OPEC+ obligations. After voluntarily agreeing in April 2023 to cut oil

Iran

Israel declared a 48-hour state of emergency after carrying out a pre-emptive attack on Hezbollah sites in southern Lebanon as the Iran-backed militant group began

Ghana

Ghana’s main opposition party plans to invest USD 10 bln in a program aimed at boosting economic growth if it wins the December 2024 elections.

Kenya

S&P downgraded Kenya’s rating (IDR) to B- from B and changed the outlook from Negative to Stable, citing an anticipated deterioration in the fiscal and

South Africa

South Africa secured a USD $158 mln loan from the World Bank’s IFC to enhance its infrastructure over the next three years, with an infrastructure

Zambia

Zambia’s energy regulator denied a request from the state power utility to raise electricity tariffs by up to 156%. The decision was based on concerns

Bolivia

Argentina plans to cease natural gas imports from Bolivia in the coming months with the completion of the Northern Gas Pipeline, which will transport domestically

Brazil

Brazil’s Central Bank Governor, Neto, indicated that a tight labor market complicates efforts to control inflation, which has decelerated slower than expected. Despite stable interest

Paraguay

Paraguay’s central bank held its benchmark interest rate at 6%, citing controlled inflation and economic growth. Officials noted that despite international market volatility, inflation risks