Day: November 25, 2024

Honduras

Honduras returned to global debt markets after a four-year absence, raising USD 700 mln through the sale of sustainable bonds maturing in 2034 at a

Dominican Republic

Fitch affirmed the Dominican Republic’s BB- foreign-currency debt rating with a positive outlook, citing improving governance, strong growth prospects, and potential fiscal reforms. However, Fitch

Argentina

The junk-bond rally in emerging markets, which has seen a 15% surge this year, risks being short-lived if President-elect Donald Trump follows through on his

Zambia

Zambia is considering a proposal from a Chinese-owned company to build a USD 900 mln coal-fired power plant to address severe electricity shortages caused by

South Africa

South Africa’s central bank lowered its policy rate by 25 bps to 7.75%, which is in line with expectations. Inflation eased to 2.8% in October

Senegal

Senegal’s President Bassirou Diomaye Faye’s party won a strong majority in parliamentary elections, enabling Faye to push for reforms aimed at stabilizing state finances and

Nigeria

Nigerian lawmakers approved President Bola Tinubu’s proposal to borrow USD 2.21 bln internationally to cover a budget deficit of NGN 9.18 tln (USD 5.48 bln)

Russia

Serbia will seek to sign new gas supply deals with Russia in spring according to the Serbian minister. He also elaborated that the country hopes

Georgia

Georgian opposition leader Gakharia called on Western diplomats to boycott the first session of the newly elected Georgian Parliament, citing the opposition’s refusal to accept

Russia

The US sanctioned Gazprombank, the last major Russian financial institution exempt from penalties, closing a loophole that the US kept open over the course of

Sri Lanka

Sri Lanka secured initial approval for the next tranche of its USD 3 bln IMF bailout. The third review’s completion will unlock USD 333 mln,

Malaysia

Malaysia’s annual inflation rate stood at 1.9% in October 2024, slightly above market expectations and September’s 1.8%, primarily due to rising food prices. Core inflation

China

China’s central bank kept its one-year medium-term lending facility rate unchanged at 2% after a September cut, signaling patience in increasing monetary stimulus. Economic data