India
India’s 10-year government bond yield remains below 6.86%, supported by expectations of Fed rate cuts and a sound fiscal environment in India, which has increased
August 30, 2024
India’s 10-year government bond yield remains below 6.86%, supported by expectations of Fed rate cuts and a sound fiscal environment in India, which has increased
Moody’s raised Pakistan’s economic outlook to positive from stable and upgraded its ratings to Caa2 from Caa3. This adjustment reflects improved macroeconomic stability and better
The Russian ruble weakened, exceeding 91 per USD, amid ongoing geopolitical tensions and economic instability from Ukraine’s activities in the Kursk region. The Central Bank
Kazakhstan plans corrective measures for its oil production in 2024 to comply with OPEC+ obligations. The country needs to offset an overproduction of 699,000 bpd
Kazakhstan’s Bank RBK has made further progress in repaying its debt to the government, returning an additional KZT 16.6 bln (USD 34.5 mln) from the
Fitch warned that the rising mpox cases in sub-Saharan Africa could negatively impact economic performance and fiscal health. The outbreak, claiming over 575 lives this
Gambia’s central bank held its key interest rate at 17%, with the 2024 growth forecast revised to 5.7% from 5.5%. Annual inflation slowed to 9.7%
Guinea saw a slight decrease in inflation to 7.9% from 8% in June, with annual consumer prices up by 4.8%. Food prices continue to rise,
The IMF emphasized that Nigeria’s economic growth forecast of 3.1% for 2024 hinges on stronger reforms, particularly in governance and business regulations. Although progress has
Argentina’s central bank sold USD 75 mln in the FX market, adjusting its month-to-date purchases to USD 464 mln. This move likely supported the Province
Brazil’s President Lula has nominated Gabriel Galipolo as the new central bank chief, a change poised to influence the bank’s future direction, especially on interest
Paraguay’s 2025 draft budget projects economic growth at 3.8% and inflation at 4%. Officials outlined a narrowing fiscal deficit, targeting 1.9% of GDP next year
S&P projects Armenia’s economy to grow at about 5% annually until 2027, with 2024’s growth forecast at 6.2%. This growth is fueled by robust tourism,
Kazakhstan’s central bank maintained its benchmark rate at 14.25%, citing increased pro-inflationary risks. July’s inflation slightly rose to 8.6%, staying within the central bank’s target
Meanwhile, Kazakhstan’s central bank maintained its 2024 GDP growth forecast at 3.5%-4.5%, with an improved outlook for 2025 at 5%-6%. It projects Brent crude to
France and Serbia have inked a EUR 2.7 bln deal for the sale of French fighter planes to Serbia. Serbian President Vucic, while condemning the
Germany’s KfW Ipex-Bank is leading a EUR 157 mln export credit facility for redeveloping a road in Cuando Cubango, Angola. This forms part of Angola’s
Egypt started supplying arms to Somalia and will provide military training, increasing tensions in the Horn of Africa. That follows Ethiopia’s agreement recognizing Somaliland’s sovereignty
The IMF Executive Board completed the sixth review under Guinea-Bissau’s ECF, approving a disbursement of approximately USD 7.3 mln. Economic growth is projected at 5%
South Africa’s central bank forecasts a 1.1% growth in 2024, accelerating to 1.5% in 2025, with inflation potentially dropping below 4.5%. forward rate agreements are
Zambia’s annual inflation rate increased to a 32-month high of 15.5% in August, fueled by an ongoing El Nino-induced drought impacting food prices and hydroelectric
Brazil’s central bank plans to auction up to USD 1.5 bln to stabilize the real after it suffered significant losses, marking its worst performance among
The Dominican Republic’s central bank lowered its benchmark interest rate by 25 bps to 6.75%, marking its first rate change after eight consecutive holds. Inflation