Guatemala
Guatemala’s overseas remittances grew by 1.4% YoY in September, slowing from a 13.9% increase in August, with total remittances falling to USD 1.724 bln from
October 8, 2024
Guatemala’s overseas remittances grew by 1.4% YoY in September, slowing from a 13.9% increase in August, with total remittances falling to USD 1.724 bln from
Colombia’s annual inflation rate fell to 5.81% in September, the lowest level in almost three years, with core inflation slowing to 6.55%. Last month, the
Tunisian President Kais Saied won a second term with 90.7% of the votes in an election marked by low turnout, with only 28.8% of eligible
Construction on a new port in Hobyo, Somalia, is set to begin in December, with an expected completion time of three years. The project, led
Fitch affirmed Morocco’s rating (IDR) at BB+ with a stable outlook, supported by sound macroeconomic policies, favorable debt structure, and strong liquidity buffers. However, challenges
Mauritius’ annual inflation rose to 3.1% in September, the highest since April, up from 2.7% in the previous two months. Food prices drove the increase,
Kenya’s central bank cut its benchmark interest rate by 75 bps to 12%, marking a second consecutive reduction and reflecting a response to inflation reaching
Egypt’s central bank withdrew EGP 831.85 bln (USD 17.15 bln) from 26 local banks through an open market operation at a 27.75% interest rate last
Burkina Faso opened a national postal bank with a capital base of 15 bln CFA francs (USD 25 mln), owned 51% by the national post
A recent poll in Moldova indicated that 36% of respondents support pro-Western President Maia Sandu in the upcoming presidential election, with Socialist Party-backed Alexandr Stoianoglo
Kazakhstan’s President Tokayev announced that the country’s first nuclear power plant will be built by an international consortium rather than a single contractor. Potential bidders
Georgia’s FX reserves dropped to USD 4.71 bln in September, marking the first decline in three months, attributed to the central bank’s FX market activities.
Armenian PM Pashinyan met with Russian President Putin in Moscow, where it was announced that trade between Armenia and Russia could hit an all-time high
Armenian President Khachaturyan expressed hopes of signing provisions of a peace agreement with Azerbaijan within the next four weeks. Armenia suggested finalizing a provisional agreement
Pakistan’s USD 7 bln bailout deal with the IMF, secured amid record inflation and depleted reserves, imposes significant challenges. The program includes a record 40%
India’s central bank held its benchmark repo rate at 6.5% for the tenth consecutive meeting, as it aims to bring inflation down to its medium-term
China’s National Development and Reform Commission stated confidence in meeting its economic targets for the year, pledging to speed up spending and enhance support for