Colombia
Colombian Finance Minister Diego Guevara reiterated the government’s commitment to fiscal sustainability despite failing to pass a tax reform proposal. The government plans to cut
December 19, 2024
Colombian Finance Minister Diego Guevara reiterated the government’s commitment to fiscal sustainability despite failing to pass a tax reform proposal. The government plans to cut
Bolivia’s business sector holds conservative growth expectations for 2025, hindered by a shortage of USD and fuel, as well as political uncertainty ahead of the
Senegal is considering a liability management plan to extend debt maturities after a state audit revealed its public finances were worse than previously reported. Public
Nigeria’s inflation rate rose to 34.6% in November 2024, up from 33.88% in October, marking the highest level in 28 years. This increase, driven by
Mauritania’s government and the AfDB agreed on a USD 150 mln senior loan to Société Nationale Industrielle et Minière (SNIM), Mauritania’s state-owned iron-ore firm. The
Egypt and Japan signed three agreements worth USD 234 mln, reinforcing their 70-year development cooperation. The agreements include a USD 230 mln concessional development loan
Angola’s economy expanded 5.5% in Q3 2024, the fastest growth in nearly a decade, driven by oil, agriculture, and mining. This marked an acceleration from
The Iranian rial hit a new record low, trading at 777,000 per USD, a 10% drop since November 2020. The Central Bank of Iran injected
An op-ed in Al Jazeera urged the World Bank to reassess its support for Tajikistan’s Rogun dam project and conduct a new impact assessment, including
The Hungarian presidency of the EU Council announced that Serbia has been invited to prepare a negotiating position for the opening of Cluster 3 in
The IMF allocated a new tranche of USD 162.6mln to Moldova under two ongoing lending programs. The IMF highlighted successful economic recovery and implementation of
Kazakhstan’s PM Bektenov announced he directed the Energy Ministry to intensify efforts to increase oil and gas output to meet production targets for 2025. The
Georgia’s central bank held its policy rate at 8%, expressing confidence that the current stance will maintain inflation within the 3% target in the near
The EU Council reaffirmed its commitment to the enlargement process, describing it as a “geo-strategic investment in peace, security, stability, and prosperity.” Albanian PM Rama
The Indian rupee hit a new low, falling to 85.06 per USD, as hawkish comments from the Federal Reserve and a widening trade deficit exerted
The IMF has agreed to provide USD 645 mln to Bangladesh to help recover from political turmoil and rebuild foreign reserves. The new interim government,