Day: October 1, 2024

Bolivia

Bolivia recorded a USD 379 mln commercial deficit from January to August, with exports totaling USD 6 bln, down 20% YoY. Imports amounted to USD

Zambia

Zambia’s dollar bonds rose after Morgan Stanley praised Finance Minister Situmbeko Musokotwane’s 2025 budget plan. The yield on USD 1.7 bln in notes due in

Tunisia

Ayachi Zammel, head of Tunisia’s opposition Azimoun party and one of President Kais Saied’s two electoral challengers, was sentenced to three more years in prison

South Africa

The South African government plans to intervene after Eskom requested a 36% tariff increase from the National Energy Regulator of South Africa. The government previously

Rwanda

Rwanda’s central bank shifted from a long period of monetary policy tightening, which saw policy rates increase by 300 bps over two years to curb

Cote d’Ivoire

Ivory Coast’s draft budget for 2025 aims to narrow the fiscal deficit to 3% of GDP, helping to control inflation. The government expects inflation to

Egypt

The IMF will conduct its fourth review of Egypt’s economic reform program in November, preparing for a USD 1.3 bln loan tranche. Egypt received USD

Israel

On Tuesday, Iran launched dozens of missiles at Israel, claiming it was a retaliation for the killing of Hezbollah leader Hassan Nasrallah, shortly after Israel

Uzbekistan

Uzbekistan’s inflation rate remained stable at 10.5% YoY in September, driven by a strong seasonal base effect. Headline inflation remains supported by robust services tariff

Tajikistan

Tajikistan’s government provided USD 480 mln to construct the Roghun Hydropower Plant in 2023, and another USD 263 mln is expected to be provided from

Serbia

Serbia’s National Assembly approved government-proposed amendments to the 2024 budget to boost infrastructure, defense, and social spending. After the amendments, the planned budget deficit is

Kazakhstan

Kazakhstan’s central bank stated that in October it plans to sell some USD 1.3-1.4 bln worth of FX from the Oil Fund to finance budget

Albania

Albania’s central bank hiked up FX interventions on the domestic market, trying to stem ALL appreciation. According to the report, the annual EUR 250-330 mln

Pakistan

Pakistan’s inflation eased to 6.93% YoY in September, the lowest in almost four years, driven by lower fuel prices and easing food costs. The central

Indonesia

Indonesia’s inflation slowed to 1.84% YoY in September, the lowest in nearly three years, as food and fuel costs eased. The slowdown may prompt the