Paraguay
Fitch affirmed Paraguay’s BB+ sovereign rating, citing prudent macroeconomic policies, low debt, and robust external liquidity. The rating is constrained by weak governance, low revenue,
October 23, 2024
Fitch affirmed Paraguay’s BB+ sovereign rating, citing prudent macroeconomic policies, low debt, and robust external liquidity. The rating is constrained by weak governance, low revenue,
S&P affirmed Costa Rica’s sovereign rating at BB-, with a positive outlook based on potential improvements in its external profile and economic growth driven by
According to Tunisia’s central bank, GDP growth is expected to remain stable at 1.6% in both 2024 and 2025, following nearly zero growth last year.
Tunisia’s President Kais Saied was inaugurated for a second term following a crackdown on political opponents. After winning reelection with 90.7% of the vote, Saied
South Africa will soon ease visa rules for travelers from India and China, two of the world’s most populous nations, in an effort to boost
Fitch Solutions noted in a report that Sub-Saharan Africa’s budget deficits will persist despite fiscal consolidation efforts. Uganda, Nigeria, and Ghana are highlighted as countries
The IMF downgraded Nigeria’s 2024 growth forecast to 2.9% from 3.1%, citing insecurity in oil regions, flood damage, and weaker-than-expected activity in H1 2024. Poor
Kenyan Central Bank Governor Thugge said the shilling is at appropriate levels after gaining 21% against the USD this year, the best global performance. He
Ethiopia’s central bank plans to maintain high interest rates for the remainder of 2024 to curb inflation driven by an FX policy overhaul. The key
Lebanon’s Hezbollah stated there would be no negotiations while fighting continued with Israel, and claimed responsibility for a drone attack on Israeli PM Netanyahu’s holiday
Belarusian lawmakers have set a presidential election for January 26. The first presidential vote since balloting in 2020 triggered mass unrest after ruler Lukashenko was
US President Biden has sent letters to leaders of Azerbaijan and Armenia pushing both sides to sign a peace agreement by the end of the
Ukraine has received a tranche of nearly USD 1.1bln from the IMF after completing the fifth program revision. The IMF has reached a preliminary agreement
Pakistan is seeing a positive response from China regarding its request to extend BRI loan maturities, according to Finance Minister Aurangzeb. The goal is to
Indonesia expects the rupiah to withstand rising global market volatility, with the central bank confident that the currency will stabilize in the medium term. In