India
India’s annual inflation rate edged up to 3.65% in August from 3.6% in July, staying below the Reserve Bank of India’s target of 4%. The
September 16, 2024
India’s annual inflation rate edged up to 3.65% in August from 3.6% in July, staying below the Reserve Bank of India’s target of 4%. The
Pakistan’s central bank lowered its benchmark interest rate by 200 bps to 17.5%, marking the third consecutive rate cut. This decision was facilitated by cooling
The IMF will review a new USD 7 bln loan program for Pakistan on September 25. That comes after Pakistan secured over USD 2 bln
Thailand will distribute a one-time cash assistance of 10,000 baht (USD 296.4) to ca. 14.2 mln economically vulnerable citizens starting September 25. This move aims
US Secretary of State Antony Blinken and UK’s Foreign Secretary David Lammy made a joint visit to Ukraine to express allied solidarity amidst ongoing conflicts
Kazakhstan is planning to address its government budget deficit by exploring concessional loans from international financial organizations, considering the limited liquidity in the domestic market.
Serbia’s central bank cut its key interest rate to 5.75%, responding to inflation consistently within its target and a robust economic performance, including a GDP
Uzbekistan’s central bank maintained its key interest rate at 13.5%, aiming to curb inflation, which stood at 10.5% as of August 2024. Despite stable recent
An IMF team is in Kenya to assess the nation’s USD 3.6 bln funding program, which was delayed due to anti-tax protests that led to
A survey from the Bureau of Economic Research revealed a decline in inflation expectations across South Africa for 2024, dropping to 5.1% in Q3 2024
Zambia approached the World Bank to advance funds from an existing program and establish a new catastrophe financing line by the end of the year.
The IMF has reassigned its lead negotiator in talks with Argentina following criticisms from Argentine President Milei, who accused the official of past irresponsibility and
After rejection by the Senate’s economic committees, Colombia’s Finance Minister Bonilla announced the continuation of budget discussions based on the government’s original proposal of 523
Bloomberg analysts predict that Peru’s central bank will reduce its benchmark interest rate to 5.25% due to tightening monetary conditions and slowing inflation, which recently
Bangladesh’s inflation rate slowed to 10.49% YoY in August, from a near thirteen-month high of 11.66% in the prior month, driven by a slowdown in
Citigroup anticipates that the IMF Board might approve Pakistan’s USD 7 bln loan deal by the end of September, following the nation’s success in securing
Sri Lanka is in the third round of talks with its private creditors to restructure USD 12.6 bln in defaulted bonds. The proposal includes a
Russia’s central bank increased its key interest rate by 100 bps to 19%, signaling potential further hikes. This adjustment comes amidst ongoing high inflationary pressures
The Development Bank of Kazakhstan secured a 2 bln yuan (USD 282 mln) credit line from the China Development Bank. This deal is significant as
Mongolia’s central bank reduced its benchmark interest rate by 1 pp to 10% to support economic stability and manage inflation. The inflation rate in August
Serbian President Aleksandar Vucic has called for local elections in Kosovo’s Serb-populated north to ease ethnic tensions. He reiterated Serbia’s stance of not recognizing Kosovo’s
Societe Generale has suggested that the Ghanaian cedi is poised for recovery, supported by high interest rates, an improving government financial outlook, and revenues from
An IMF team is in Kenya to gauge the economic impact of a recent court ruling on tax measures and an expanded budget deficit that
Nigeria finalized a deal with the Dangote Refinery, allowing the state-owned NNPC to be the exclusive distributor of gasoline produced by the refinery. This arrangement
Senegalese President Bassirou Diomaye Fayed resolved parliament as part of efforts to consolidate power and push through his reform agenda. New elections are scheduled for
The IMF lowered Senegal’s 2024 economic growth forecast to 6% from an earlier 7.1%, citing weaker economic performance in the first half of the year.
Fitch maintained a stable outlook on South Africa’s credit rating, citing gradual improvements in economic reforms and controlled debt growth. The nation’s foreign currency long-term
The Bolivian Senate approved a USD 223 mln loan from the CAF for a road project in the Potosi department. Despite approvals for several loans
Bolivia partnered strategically with Russia’s Uranium One Group to develop a lithium carbonate production facility in the Salar de Uyuni. With an investment of USD