Day: November 15, 2024

Brazil

Brazil’s central bank warned that deteriorating inflation expectations could extend its monetary tightening cycle. The bank raised rates by 50 basis points to 11.25%, citing

Argentina

Fitch upgraded Argentina’s long-term rating from CC to CCC, eight notches below investment grade, citing expectations that the government will meet its hard-currency bond payments.

Tunisia

Tunisian President Kais Saied met Saudi Arabia’s Minister of Investment, Khalid Al-Falih, who highlighted Tunisia’s potential to attract global investment in renewable energy, hydrogen, logistics,

South Africa

South Africa’s outlook for a credit rating upgrade improved after S&P raised its debt outlook to positive, citing increased political stability and the potential for

Nigeria

Nigeria’s inflation rose to 33.9% YoY in October, up from 32.7% in September, prompting expectations for another interest-rate hike. The central bank raised rates at

Mauritius

Mauritius’ new central bank Governor Sithanen is focused on curbing the rupee’s decline and addressing foreign currency shortages, as the trade deficit is set to

Cameroon

Fitch affirmed Cameroon’s B rating with a Negative Outlook, citing political risks and structural weaknesses in public financial management, such as weak liquidity and rising

Kyrgyz Republic

Kyrgyzstan’s GDP growth came in around 9.6% for the first 10 months of the year. That follows a growth rate of 9% in 2022 and

Georgia

Protesters in Georgia’s breakaway region of Abkhazia surrounded the local parliament during demonstrations against a proposed investment agreement with Russia, which would allow its entities

Russia

Russian President Putin held a ‘frank and detailed’ expression of views on Ukraine during a call with German Chancellor Olaf Scholz on Friday. Putin told

Sri Lanka

Sri Lankan President Anura Kumara Dissanayake’s coalition won a historic parliamentary supermajority, bolstering support for his anti-corruption agenda and plans to renegotiate Sri Lanka’s IMF

Pakistan

The Pakistani rupee appreciated by 277.67 against the USD in the interbank market on Friday, reaching a three-week high due to a surge in dollar