Day: November 12, 2024

Paraguay

Several analysts noted that with inflation stable at 3.6% in October, Paraguay’s favorable economic conditions have made it more appealing to foreign investors. The country’s

Costa Rica

Costa Rica’s fiscal deficit widened to 2.7% of GDP through September, compared to 2.2% last year. The primary surplus, excluding interest expenses, narrowed to 1.2%

Brazil

Brazil’s central bank warned that a further deterioration in inflation expectations could extend the tightening cycle, following a recent decision to double the pace of

Zambia

Zambia and the IMF staff agreed on the fourth ECF review, potentially unlocking USD 186 mln upon board approval. The IMF board is set to

Saudi Arabia

Nigeria is seeking a USD 5 bln trade facility from Saudi Arabia to support its economic reform program. That follows a May agreement between the

Kenya

Kenya reported a 5 pp drop in its debt-to-GDP ratio, now standing at 68%, attributed to improved revenue collection from tax reforms amid efforts to

Congo Republic

The Republic of Congo has received 85% acceptance for its debt-exchange offer. Holders of domestic securities totaling more than 1.96 tln CFA francs have agreed

Serbia

Serbia’s inflation rose by 4.5% YoY in October, accelerating from a 4.2% annual increase recorded in September. In annual terms, the prices of food and

Georgia

Thousands of opposition supporters rallied in Georgia’s capital to protest against the ruling party’s declared victory in the parliamentary election amid allegations that Russia helped

Ukraine

The IMF began its latest assessment of its loan program with Ukraine, the talks may open a path for another USD 1.1 bln tranche under

Russia

North Korea ratified a ‘comprehensive strategic partnership’ agreement with Russia, cementing a deal that has paved the way for its soldiers to fight on Russian

India

India’s inflation surged to a 14-month high, reaching 6.21% in October. This breached the upper end of the central bank’s target and prompted further delays