Day: October 14, 2024

Brazil

Following a recent inflation spike and comments from Brazilian President Lula da Silva suggesting potentially looser fiscal policy, analysts have increased their forecasts for Brazil’s

Argentina

The IMF implemented reforms to reduce interest charges, including surcharges, for its members. This change is particularly beneficial for Argentina, which will see approximately USD

Argentina

The IDB announced funding of more than USD 3.8 bln for Argentina this year, highlighting support for President Javier Milei’s reforms. The IDB will provide

Uganda

Turkish construction firm Yapi Merkezi Holdings AS has signed a EUR 2.7 bln contract to construct a 272-kilometer railway line in Uganda. This line will

Senegal

Senegal plans to invest approximately 12.8 tln CFA francs (USD 21 bln) in development projects over the next five years, with an additional target of

Mozambique

Preliminary results from Mozambique’s October 9 election show the ruling Liberation Front of Mozambique, represented by candidate Daniel Chapo, with a strong lead, holding 70%

Mali

Mali’s junta has set aside 80.7 bln CFA francs (USD 135 mln) in the 2025 budget for electoral expenses, indicating plans for an eventual vote

Tajikistan

The OPEC Fund signed an agreement with Tajikistan to provide the first USD 25 mln to build the Rogun hydropower plant from the Fund’s overall

Russia

The US will support Serbia’s efforts to dial back its reliance on fossil-fuel imports from Russia and accelerate its transition to renewable energy resources, a

Kazakhstan

Kazakhstan’s Deputy National Economy Minister Arman Kasenov said that there are no reasons to expect the devaluation of the KZT.

Armenia

Armenia is “approaching the end” of peace discussions with Azerbaijan, its president Khachaturyan told the Financial Times in an interview. The President stated that the

Ukraine

The World Bank has approved the creation of a financial intermediary fund (FIF) to support Ukraine. The Fund will be instrumental in mobilizing the USD

Pakistan

Pakistan’s central bank reported that the country faces foreign debt repayments of USD 30.35 bln from August 2024 to July 2025, which includes USD 26.48

India

India’s consumer price index rose 5.49% YoY in September, exceeding forecasts and reflecting faster-than-anticipated inflation. This increase follows a 3.65% rate in August, prompting caution

China

China’s domestic loan growth lagged expectations in September, underscoring subdued demand despite stronger government bond sales boosting overall credit figures. Financial institutions issued 1.6 tln