Day: October 22, 2024

Paraguay

Paraguay’s central bank kept its monetary policy rate unchanged at 6% for the seventh consecutive month, citing positive domestic activity indicators and a reduction in

Honduras

Honduras’ international reserves fell by USD 190 mln to USD 6.767 bln in September. The decline follows a USD 23.8 mln rise in August. Meanwhile,

Honduras

Immigration is a key issue in the November US presidential election. Bloomberg Economics predicts that closing the US border could significantly reduce remittance flows, particularly

Zambia

Zambia is considering implementing a debt-for-nature swap to help further reduce its overseas debt. This follows the successful restructuring of USD 3 bln in Eurobonds.

Rwanda

The IMF is nearing approval of USD 184.9 mln in funding for Rwanda after completing its review of the country’s programs. The package includes USD

Ghana

Ghana completed its first debt service payments on the new bonds issued as part of its restructuring. Additionally, the World Bank reported that fiscal balances

Cote d’Ivoire

Cocoa futures dropped to a two-week low following an increase in deliveries of cocoa beans to ports in Ivory Coast, the world’s top cocoa producer.

Israel

US Secretary of State Antony Blinken arrived in Israel on Tuesday as President Joe Biden pushed for cease-fires in both Lebanon and Gaza ahead of

Ukraine

The European Parliament approved a loan of up to EUR 35 bln for Ukraine’s defense and construction. The loan will be repaid using future revenues

Russia

Russian President Putin is hosting Russia’s biggest gathering of world leaders since the invasion of Ukraine and using the BRICS summit to show the US

Thailand

Thailand’s recent interest rate cut, according to Central Bank Governor Suthiwartnarueput, was a “recalibration” rather than the start of an easing cycle. The baht gained

China

A government-linked think tank in China has proposed the issuance of 2 tln yuan in special government bonds to create a market stabilization fund. This

Bangladesh

Bangladesh’s central bank increased its policy repo rate by 50 bps to 10% on Tuesday in an effort to bring inflation under control. Despite a