Day: September 27, 2024

Paraguay

Paraguay’s GDP expanded by 4.8% YoY in Q2 2024, up from a 4.3% increase in Q1, largely driven by a rise in agricultural output. In

Dominican Republic

The Dominican economy expanded by 5.6% YoY in August, bringing average growth for January-August to 5.1%. The central bank emphasized that the Dominican Republic had

Costa Rica

Costa Rica’s economy grew by 4.2% YoY in Q2 2024, decelerating from a 4.6% expansion in the previous quarter. On a seasonally adjusted quarterly basis,

Morocco

Moody’s affirmed Morocco’s rating (IDR) at Ba1, one notch below investment grade while maintaining a stable outlook. The agency noted that the stable outlook reflects

Russia

Mali is interested in joining the BRICS bloc, viewing it as a better alternative to existing multilateral cooperation. This move aligns with Mali’s shift towards

United Arab Emirates

Kenya’s Treasury called for stricter discipline in public spending due to high domestic interest rates, with the government currently paying more than 15% for three-month

Ghana

Ghana’s central bank lowered its key interest rate to 27% from 29%, exceeding expectations, as inflation cooled. The MPC expects inflation to drop further, aiming

Ethiopia

The IMF reached a staff-level agreement with Ethiopia on the first review of its extended credit facility, paving the way for financing of around USD

Botswana

Botswana’s economy contracted by 0.5% YoY in Q2 2024, following a 5.3% decline in Q1, marking a technical recession. The mining and quarrying sectors, particularly

Angola

Angola anticipates President Joe Biden’s visit next month will attract foreign investment, helping to diversify its economy away from oil and reduce reliance on Chinese

Israel

Israel conducted a targeted airstrike on Hezbollah’s headquarters in Beirut, aiming at its leader, Hassan Nasrallah, in one of the heaviest attacks on the city

Serbia

Serbia is negotiating an extension of its gas contract with Gazprom on the same terms. Serbia currently receives gas at the best price in Europe,

Ukraine

Russian attacks hit a hospital in the city of Sumy, where several were killed and wounded. Sumy is in the northeastern part of Ukraine, and

Myanmar

Vietnam sustained USD 3.3 bln in economic losses from Typhoon Yagi, the deadliest storm to hit the country’s north in decades, killing 299 people and

Sri Lanka

Sri Lanka’s central bank maintained its benchmark interest rate at 9.25% in its first meeting since a new president was elected. The decision comes amid