Peru
Moody’s affirmed Peru’s investment-grade rating at Baa1 and improved its outlook to stable from negative. The agency highlighted that political reforms in Peru mitigate medium-term
September 20, 2024
Moody’s affirmed Peru’s investment-grade rating at Baa1 and improved its outlook to stable from negative. The agency highlighted that political reforms in Peru mitigate medium-term
Paraguay’s central bank held its policy rate steady at 6%. The decision reflects a mixed economic environment with falling international oil prices and rising agricultural
S&P affirmed Honduras’ credit rating at B- but revised its outlook to negative from stable. The negative outlook reflects concerns about the country’s exchange rate
Moody’s maintained Tanzania’s B1 rating, balancing the country’s moderate debt and historical GDP growth against challenges like its weak institutional framework and low per capita
Coca-Cola Co. has announced a USD 1 bln investment over the next five years in Nigeria, buoyed by the new reforms under President Tinubu’s administration.
Nigeria experienced another delay in coupon payments for its two- and three-year savings bonds, attributing the issue to system and processing errors. This marks the
Namibia’s GDP increased by 3.5% YoY in Q2 2024, slightly decelerating from the 4.3% growth in Q1. The financial services sector was a significant contributor,
Mauritius’ central bank reduced its benchmark interest rate by 50 bps to 4%. That marks the first rate cut under the new monetary policy framework
Egypt is preparing to issue USD-denominated Eurobonds for the first time since 2021, aiming to raise about USD 3 bln in various tranches during this
The Angolan kwanza dropped to its lowest value against the USD in 25 years, now trading at 947.3. The central bank has decided against market
Uzbekistan’s foreign trade turnover increased by 6.6% YoY to USD 42.7 bln, with significant trading partnerships with China, Russia, Kazakhstan, Turkey, and South Korea. The
Moldova’s central bank maintained its policy rate at 3.60% for the third consecutive session to support economic growth amid stable inflation rates. Annual inflation slightly
The EU is reportedly considering revoking visa-free travel for Georgians due to democratic backsliding under the current government. This measure, highlighted in a Politico report,
Armenian PM Pashinyan emphasized the potential for EU membership, stating Armenia would pursue transparent negotiations while balancing democratic values with regional diplomacy. He stressed the
Russia intensified its military actions against Ukraine, deploying over 900 glide bombs, 400 Shahed drones, and nearly 30 missiles this week, according to Ukrainian President
Sri Lanka held a presidential election crucial for navigating its economic crisis and securing a USD 3 bln IMF bailout. The election is pivotal for