Day: December 2, 2024

Peru

Peru’s economy grew 1.2% QoQ in 1H24, but growth slowed to 0.7% in Q3. Lower government spending and slower household consumption and exports were the

Argentina

Argentina’s government agreed to borrow USD 700 million from the IDB to finance a program to strengthen the sustainability of the electricity sector, according to

Tunisia

Tunisia’s government plans to borrow up to TND 7 bln (USD 2.2 bln) from the central bank in 2025 to help repay its external debt,

South Africa

South Africa’s government dismissed rumors of a BRICS currency after US President-elect Trump threatened 100% tariffs on BRICS countries supporting the creation of an alternative

Nigeria

Nigeria’s USD 2.2 bln Eurobond sale, the first in over two years, has attracted strong investor demand, allowing the government to tighten pricing. The 6.5-year

Mozambique

Mozambique’s main opposition leader called for another seven days of protests against what he deems fraudulent elections. The unrest, which has led to border closures

Ghana

Ghana unlocked a USD 360 mln disbursement from the IMF following a successful third review of its extended credit facility. The total amount received from

Cameroon

Cameroon’s economy is projected to grow by 4.1% in 2025, up from 3.8% in 2024. The 2025 draft budget is set at 7,317.7 bln CFA

Syria

Rebel forces in Syria are aiming to capture more territory from the government, raising doubts about President Bashar Al-Assad’s ability to maintain power. The outcome

Moldova

Moldova’s National Energy Regulatory Agency (ANRE) approved a 27% hike in natural gas tariffs for final consumers. The price hike will fuel criticism of the

Kyrgyz Republic

Kyrgyzstan is planning to raise USD 1 bln via USD bonds and up to Yuan 5 bln via dim sum bonds. The USD bond’s tenor

Kazakhstan

Kazakhstan’s currency tumbled to a record low on Monday after the central bank spent more than USD 1 bln on interventions over the past two

Georgia

Georgia’s re-appointed PM Kobakhidze has stated that the country will delay the start of EU accession talks for 4 years until 2028. The report points

Ukraine

Russian Konstantin Malofeev, a nationalist financier who is under Western sanctions and a Kremlin confidant said he believes Moscow will turn down any Ukraine ceasefire

Pakistan

According to Bloomberg analysts, Pakistan’s economic growth is expected to accelerate in the H2 FY25, driven by loans from the IMF bailout program. Analysts forecast

India

India targets 6.5%-7% GDP growth for the current fiscal year, despite a slowdown in Q2. The government remains optimistic for a recovery in the second

China

China’s central bank governor reaffirmed plans for supportive monetary policy to stimulate growth in the face of trade war risks with the US under President-elect