Day: November 6, 2024

Peru

Fitch reaffirmed Peru’s BBB investment-grade rating, which improved the country’s outlook to stable from negative. This follows Moody’s similar outlook adjustment in September, reflecting optimism

Jamaica

Hurricane Rafael is intensifying as it heads toward the Gulf of Mexico, posing risks of severe winds and heavy rain for areas from the Cayman

Honduras

Honduras has reported its lowest homicide rate in a decade, with general and gender-based homicides decreasing. The rate is now 26.7 per 100,000 inhabitants, a

Tunisia

Tunisia’s inflation rate remained high at 6.7% in October, with core inflation rising to 6.3% YoY. Price increases were seen across food, beverages, clothing, and

Kenya

Kenya’s economy is stabilizing, and according to President William Ruto’s economic council, further IMF assistance may be unnecessary. Kenya’s current USD 3.6 bln IMF program,

Ghana

Ghana’s annual inflation increased to 22.1% in October from 21.5% in September, reducing the likelihood of a rate cut this month. The central bank, which

Ethiopia

Ethiopia is negotiating a USD 738.3 mln loan to South Sudan to fund road construction, with repayment options in crude oil or cash. The loan,

Israel

Israel’s PM Netanyahu dismissed Defense Minister Yoav Gallant, a critic of his war strategy, and appointed former Foreign Minister Israel Katz as his replacement. The

Russia

Ukraine’s USD bonds surged following Donald Trump’s re-election and his promises to expedite an end to the Russia-Ukraine war. The country’s GDP-linked warrants rose to

Russia

Russia has expressed readiness to extend gas transit through Ukraine to Europe beyond 2024, but the decision hinges on future agreements between Kyiv and the

Thailand

Thailand plans to introduce new incentives to attract global companies to mitigate the impacts of the escalating US-China trade tensions under President Donald Trump’s re-election.

Pakistan

Uzbekistan and Pakistan signed an MoU on e-commerce collaboration during the 9th Intergovernmental Commission on Economic Cooperation. Pakistan has become a significant trading partner for