Day: October 29, 2024

Honduras

Honduras’ central bank raised its monetary policy rate by 175 bps to 5.75%, effective October 28, marking the second sharp hike in under three months

Bolivia

Bolivia’s government claimed former president Evo Morales orchestrated the assassination attempt he reported, alleging he attempted to evade a police checkpoint, leading to an exchange

South Africa

South Africa’s new coalition government will outline its first budget, testing its resolve to tackle debt and accelerate economic reforms. This economic stance has recently

Morocco

French President Macron’s recent visit to Morocco marked a warming of relations, with deals valued up to EUR 10 bln potentially secured. Addressing Moroccan lawmakers,

Kenya

Kenya’s Supreme Court upheld parts of the Finance Act 2023, sustaining revenue-raising measures, including increased VAT on fuel to 16% and a higher top tax

Egypt

Egypt is conducting a comprehensive survey on its economic reforms’ social impact and collaborating with the IMF to support vulnerable populations. This assessment is set

Angola

Angola’s Cabinet approved a 36.8% budget increase to 33.8 tln kwanza for 2025, up from 24.7 tln this year, as per a Presidential statement. Wages

Uzbekistan

Uzbekistan’s GDP totaled UZS 1,015 tln between January and September 2024, a 6.6% YoY increase. Officials forecast GDP growth at 6% in 2025. The government

Moldova

European leaders are increasingly alarmed as elections in Moldova, Georgia, and EU-member Bulgaria reflect Russia’s influence on the region’s shift toward Western alignment. Moldova’s pro-EU

Russia

Ukraine and Russia have reportedly resumed preliminary discussions about halting attacks on each other’s energy infrastructure, the FT reported. Earlier talks mediated by Qatar in

Thailand

Thailand’s authorities tentatively agreed to retain the 1%-3% inflation target for next year. The finance ministry is urging the central bank to adopt policies to

Pakistan

The ADB approved a USD 500 mln loan to Pakistan for enhancing climate resilience. The program aims to bolster the country’s disaster response capabilities and

Malaysia

Malaysia’s central bank extended its rate hold at 3.00% on Sept. 5, signaling comfort with its current policy amid contained spillovers from subsidy cuts. With