Peru
Peru’s central bank is expected to keep the monetary policy rate at 5% instead of the previously predicted 4.5% for 2024. Annual inflation increased from
December 4, 2024
Peru’s central bank is expected to keep the monetary policy rate at 5% instead of the previously predicted 4.5% for 2024. Annual inflation increased from
Colombian President Gustavo Petro appointed Deputy Finance Minister Diego Guevara to address the country’s serious fiscal issues. Guevara replaces outgoing Minister Ricardo Bonilla, who resigned
Namibia’s central bank cut its interest rate by 25 bps to 7%, marking its third consecutive rate cut. Inflation eased to 3% in October from
Malawi’s budget for the year ending in March has been increased to 6.04 tln kwacha from 5.99 tln due to more international grants. The budget
Kenyan lawmakers reinstated some tax measures, including a hike in the import tax for the railway development fund to 2% from 1.5%, and a minimum
Ghana’s annual inflation rose to 23% in November, reaching a six-month high. This uptick was driven by power cuts and a 20% depreciation of the
Botswana’s budget deficit for the current fiscal year is expected to more than double to 18.6 bln pula (USD 1.4 bln), or 6.7% of GDP,
Moldova is in discussions with the US for financial support to address a regional energy crisis if Russian gas transit through Ukraine halts, threatening energy
Kyrgyzstan and Tajikistan announced a border demarcation deal on Wednesday, potentially resolving decades-long territorial disputes. The dispute dates back to Soviet-era administrative borders.
The Kazakhstan Energy Ministry announced that repairs at the Tengiz oil field have not been completed by the planned date, with work still ongoing. Originally
Protests continued in central Tbilisi, Georgia, for several days, including yesterday. Police intensified their crackdown, using water cannons and tear gas and detaining around 300
Armenia’s inflation grew by 1.4% YoY in November, the highest in four months and the largest increase since July. PM Pashinyan also stated that Armenia
The Philippines’ inflation rose to 2.5% in November, up from 2.3% in October, surpassing the forecast of 2.4%. Food inflation increased to 3.5%, and core
Bangladesh’s food inflation rose to 13.8% in November, up from 12.66% in October. Non-food inflation increased slightly to 9.39% from 9.34%. Bangladesh’s overall inflation in
Afghanistan’s economy showed a modest recovery with a 2.7% GDP growth, driven by private consumption. The country saw a partial recovery, with falling food prices