Day: September 26, 2024

Paraguay

Paraguay’s central bank Chief Economist Yunis stated that the monetary policy rate is now within the “neutral range.” While markets had expected an additional cumulative

Jamaica

S&P affirmed Jamaica’s BB- rating while revising the outlook from stable to positive. The positive outlook reflects the potential for a rating upgrade within the

Zambia

Zambia’s annual inflation rate reached a nearly four-year high of 15.6% in September, driven by rising food prices due to an El Niño-induced drought, with

Uganda

Uganda’s economy expanded by 6.6% YoY in Q2 2024, following a slightly higher 6.7% growth in Q1. That marks one of the strongest growth rates

Nigeria

Nigeria’s central bank announced plans to sell dollars to Bureau de change (BDC) operators to help meet the demand for invisible transactions. Each BDC will

Lebanon

Israeli PM Netanyahu vowed that Israel’s military will continue bombarding Hezbollah targets in Lebanon indefinitely, complicating efforts by the US, European states, and Arab powers

Uzbekistan

The ADB upgraded its GDP growth forecasts for Uzbekistan to 6% in 2024 and 6.2% in 2025, attributing the expansion to the industrial and construction

Uzbekistan

Uzbekistan’s deputy Transport Minister announced that construction of the Uzbek section of the China-Kyrgyzstan-Uzbekistan railway will commence in October 2024. The railway corridor, spanning over

Tajikistan

Moody’s upgraded Tajikistan’s credit outlook from stable to positive, reflecting improved economic and fiscal conditions alongside enhanced cooperation with international partners. The improved outlook could

Moldova

The EBRD lowered its 2024 growth forecast for Moldova from 3.5% to 3.2%, citing risks stemming from the expiration of a gas transit agreement with

Ukraine

US President Biden has authorized up to USD 375 mln in aid for Ukraine, focusing on defense articles, services, and military education through the Department

Pakistan

Pakistan acknowledged that it will experience “transitional pain” following the approval of a USD 7 bln relief package from the IMF. Although the country’s economy