Costa Rica
Costa Rica’s economy continued to grow, with a 4.2% YoY increase in July’s Monthly Index of Economic Activity and an annual average growth rate of
September 25, 2024
Costa Rica’s economy continued to grow, with a 4.2% YoY increase in July’s Monthly Index of Economic Activity and an annual average growth rate of
Brazil’s inflation rate slowed more than expected in early September, with prices rising 4.12% YoY, despite an increase in utility bills. The unexpected deceleration eased
Argentina is reportedly streamlining its talks with the IMF on its USD 44 bln program, with Economy Minister Luis Caputo proposing merging the final two
The World Bank is collaborating with Uganda to lift the lending freeze imposed after the country passed anti-LGBTQ legislation. Civil rights groups raised concerns about
Tunisia’s central bank maintained its benchmark interest rate at 8%, citing inflationary risks due to potential rises in global commodity prices, water scarcity, and strained
South Africa’s state-owned power utility, Eskom, requested a 36% price increase for its 2026 fiscal year, well above inflation. Eskom stated that while the government’s
Senegal’s government will present a review of its financial situation six months after coming to power with promises of change. Following an IMF staff visit,
Lesotho’s central bank, which pegs its currency to South Africa’s rand, held its key interest rate at 7.75%, diverging from South Africa’s monetary policy for
Kenya is negotiating a USD 1.5 bln loan from Abu Dhabi to help cover its budget-financing gap. The loan, with an interest rate of about
Israel escalated its heaviest airstrikes on Hezbollah positions in Lebanon since 2006 following the interception of the first missile fired by Hezbollah at Tel Aviv.
The ADB increased its 2024 GDP growth forecast for Mongolia to 5.5%, up from the 4.1% projected in April, citing robust external demand for coal
Georgia’s President, Salome Zourabichvili, voiced her concerns about the ruling Georgian Dream party, suggesting it is resorting to provocation to remain in power ahead of
Ukraine’s GDP grew 3.7% YoY in Q2 2024, slowing from 6.4% in the previous quarter but marking the fifth consecutive quarter of growth. This continues
Ukrainian President Volodymyr Zelensky addressed the UN, urging the international community to “force Russia into peace” to end the ongoing invasion. Zelensky is expected to
The ADB maintained its GDP growth forecast for Vietnam at 6% in 2024 and 6.2% in 2025. Meanwhile, President Biden celebrated “a new era of
Fitch affirmed Sri Lanka’s rating (IDR) at Restricted Default and Long-Term Local-Currency IDR at CCC-. The agency expects Sri Lanka’s economic growth to recover to
Malaysia’s ringgit surged to a three-year high, supported by the nation’s positive economic outlook and reforms. The central bank is optimistic about the currency’s performance,
Crude oil prices stabilized around USD 69.7/barrel after a 3% drop the previous day, as a larger-than-expected drawdown in US crude inventories (down 4.5 mln