Costa Rica
Costa Rica’s central bank cut its reference rate by 25 bps to 4.0%, following a 50bps cut in September. This decision stemmed from ongoing difficulties
October 21, 2024
Costa Rica’s central bank cut its reference rate by 25 bps to 4.0%, following a 50bps cut in September. This decision stemmed from ongoing difficulties
Brazilian analysts have raised their 2025 year-end interest rate forecast to 11.25%, up from 11%, due to worsening inflation expectations. Inflation rose to 4.42% in
Tunisia is projecting to lower its fiscal deficit to 5.5% of GDP in 2025, down from 6.3% this year, aided by higher taxes on firms
JPMorgan expects a significant surge in IPOs and fund-raising activities in South Africa in 2024. The renewed positive sentiment stems from forming a business-friendly governing
Nigeria approved Exxon Mobil Corp.’s sale of its onshore oil and gas assets to Seplat Energy Plc, concluding a USD 1.3 bln deal after a
Mozambican police used teargas to disperse reporters interviewing opposition candidate Venâncio Mondlane, who called for protests after the murder of his lawyer and alleged election
Ivory Coast has become one of sub-Saharan Africa’s top-rated sovereigns, alongside Botswana and Mauritius, after S&P upgraded its credit rating to BB from BB-. The
Egypt’s government plans to borrow EGP 1.293 tln from the domestic market in November and December 2024 to repay previous debt and cover the general
Uzbekistan’s natural gas production declined by 4.8% YoY, while crude production dropped by 7.4% in September. In contrast, Uzbekistan’s gas exports to China doubled in
Serbian President Vucic spoke with Russian President Putin for the first time in 2.5 years, thanking him for the energy supplied to Serbia. Vucic reiterated
Moldova narrowly voted in favor of seeking EU membership, with about 50.3% support (not final at the time of writing). This outcome contrasts with polls
Moody’s upgraded Albania’s sovereign rating to Ba3 and changed the outlook to stable from positive. This rating aligns with S&P’s BB-. The upgrade reflects improvements
The IMF approved the 5th review of Ukraine’s EFF, facilitating a sixth tranche disbursement of USD 1.1 bln. The four-year EFF arrangement, totaling approximately USD
Vietnam PM Chinh projects up to 7% economic growth next year, aiming to exceed this target. He forecasted 6.5% to 7% growth in 2025 while
Malaysia’s GDP grew by 5.3% YoY in Q3 2024, a slight slowdown from the 5.8% growth recorded in Q2. However, QoQ, the economy expanded by