Day: October 17, 2024

Peru

Peru’s Congress voted on Wednesday against a motion that proposed firing Finance Minister Jose Arista. Arista has been in the role since Feb. and is

Colombia

Colombia’s central bank (BanRep) released its October Monthly Economic Expectations Survey, revealing a reduction in inflation expectations. Analysts predict inflation at 5.5% by the end

Zambia

The IMF reduced Zambia’s 2024 economic growth forecast to 1.2% from the previous 2.3% due to the significant financial impact of drought, which has led

Tanzania

Tanzania’s external sector showed significant improvement, driven by strong export growth and reduced import costs. The country’s current account deficit narrowed to USD 2.56 bln

South Africa

South African Reserve Bank (SARB) Governor Lesetja Kganyago argued for lowering the SARB’s inflation target range of 3% to 6%, which has been in place

Senegal

The IMF is reassessing Senegal’s budget after revised data revealed higher public debt and fiscal deficits than previously reported. The IMF noted that Senegal’s fiscal

Nigeria

Nigeria’s central bank Governor, Cardoso, stated that raising interest rates was essential to tackle the high inflation, currently at 32.7% YoY in September. The World

Mali

Niger’s military authorities have banned the export of rice, cereals, and other food products to all countries except Burkina Faso and Mali, both fellow junta-led

Iran

Israeli soldiers have killed Hamas leader Yahya Sinwar, who was the architect behind the deadly October 7 attack on Israel. His death leaves a significant

Tajikistan

The Tajikistan opposition movement called on the international community to help peacefully settle the “political, legal, and humanitarian crisis” in Tajikistan. The movement called on

Serbia

The IMF reached a staff-level agreement with Serbian authorities on the fourth review and final of the existing SBA and on a 36-month PCI. Economic

Azerbaijan

Azerbaijan’s President Aliyev instructed the country’s sovereign wealth fund SOFAZ to allocate an additional AZN 1.74 bln (~USD 1.02 bln) to the national budget next

Ukraine

The NATO chief urged member states to produce more weapons and ammunition as he affirmed the alliance is on track to meet a EUR 40

Russia

Foreign companies seeking to leave Russia will be forced to pay a heftier exit tax and voluntary contribution to the state treasury, confirming earlier reports.

Vietnam

Vietnam’s central bank, SBV, signaled openness to adjusting key interest rates to boost economic growth. Deputy Governor Dao Minh Tu mentioned that the central bank

China

China pledged to nearly double its loan quota for unfinished residential projects to 4 tln yuan, but the market found this measure insufficient. Property shares