Day: November 20, 2024

Russia

The Mexican peso weakened past 20.23 per USD, reverting from a near two-week high of 20.1 on November 19th, as elevated geopolitical risks and concerns

Honduras

Honduras’ economic activity index grew by 3.2% YoY in September, signaling moderated growth in Q3 2024 compared to stronger performance in 1H24. Manufacturing was a

Tunisia

Tunisia’s economy grew by 1% in the first nine months of 2024, supported by a rebound in agriculture. Q3 growth was 0.8% QoQ and 1.8%

South Africa

Traders are betting on deeper interest-rate cuts by South Africa’s central bank after October’s inflation slowed more than expected. Forward-rate agreements now price 71 bps

Namibia

Namibia’s state-owned electricity utility plans to raise USD 450 mln by issuing bonds and securing development bank loans to boost power generation. It already signed

Nigeria

Deloitte West Africa warns that persistently high inflation in Ghana and Nigeria will hinder growth, with businesses facing rising costs and consumers reducing spending. In

Cote d’Ivoire

Côte d’Ivoire plans to borrow 3.963 tln CFA francs (USD 6.4 bln) from regional and international markets for its 2025 budget. The country expects 15.3

Iran

Iran has agreed to halt the production of uranium enriched near weapons-grade levels, signaling a potential resolution in its nuclear standoff with the West. While

Tajikistan

Tajikistan aims to secure USD 6.3 bln in investments for its transport infrastructure, with USD 5 bln targeted for railway links, focusing on developing the

Mongolia

Mongolia’s foreign trade surplus widened 20% YoY to USD 445 mln. Exports in October rose 21% YoY to USD 1.43 bln, while imports also increased

Georgia

The Georgian police moved in to break up opposition protests in central Tbilisi, detaining several activists. Earlier, the authorities removed a protesters’ camp and blocked

Russia

Russia said it’s prepared to discuss a potential cease-fire in Ukraine with US President-elect Trump, even as the conflict intensifies on all fronts with the

Pakistan

A Pakistani court granted bail to former PM Imran Khan in a concealed income case, but he remains jailed due to other charges. That provides

Laos

Laos’ government is taking stronger measures to control inflation, including tighter monetary policies, improved exchange rate management, and better regulation of foreign currency flows into

Indonesia

Indonesia’s central bank signaled limited room for further rate cuts, citing global risks, including political developments in the US, which have led to fund flows