Paraguay
Paraguay’s central bank held its policy rate at 6.0%, citing mixed global and domestic developments. Economic activity grew 5.1% in October, driven by services, manufacturing,
December 20, 2024
Paraguay’s central bank held its policy rate at 6.0%, citing mixed global and domestic developments. Economic activity grew 5.1% in October, driven by services, manufacturing,
Colombia’s economy is projected to grow 2.6% in 2025, following a revision of the 2024 growth forecast from 1.8% to 2.2%. However, weak public revenue
Brazil’s Congress made progress on a weakened spending cut package, aiming to reduce 70 bln reais (USD 11.4 bln) in spending. The Finance Ministry has
Bolivia’s foreign trade fell by nearly USD 3 bln y/y from January to September 2024, with exports dropping by USD 1.64 bln and imports reducing
The World Bank approved USD 100 mln in financing for Zambia, including USD 25 mln for climate and economic resilience reforms and USD 75 mln
IMF spokeswoman Julie Kozack highlighted Mozambique’s resilience to shocks but noted challenges such as debt vulnerabilities, fragile social conditions, and governance weaknesses. The country is
Nigeria’s external reserves increased to USD 42.01 bln as of December 12, 2024, up from USD 38.35 bln on September 30, 2024. Governor Olayemi Cardoso
Ivory Coast’s mining industry is thriving, fueled by foreign investment and new resource discoveries, including oil, gas, and gold. Since 2021, three new oil and
Libya’s Prime Minister stated it would be unacceptable for Russia to move weapons from Syria to Libya, where rival powers in the east have relied
Iranian oil stored on tankers has reached its highest level since July, as US sanctions disrupt crude flows to China. Nearly two-thirds of the oil
The EU imposed sanctions on two Serbian companies for supporting the Russian defense industry, as part of a broader package targeting 32 companies from Russia,
Azerbaijan’s President Aliyev outlined preconditions for a peace treaty with Armenia, including constitutional amendments to remove territorial claims against Azerbaijan and the disbandment of the
Russian President Putin expressed willingness to hold talks with US President-elect Donald Trump, though they have not spoken in over four years. Additionally, both Putin
Russia stated it is ready to sign peace documents but only with legitimate Ukrainian authorities. Putin noted that Russia is open to talks with anyone
Taiwan faces renewed political wrangling, including protests and clashes between ruling and opposition parties, raising concerns about President Lai Ching-te’s ability to govern. The tensions
Pakistan secured a USD 300 mln commercial loan from China to meet IMF program financing needs. The loan includes USD 250 mln at an interest
Malaysia’s consumer price index rose 1.8% year-over-year in November, slightly down from the 1.9% increase in October and below the 2.1% forecast. The rise was
IMF Mission Chief Chris Papageorgiou stated that inflation in Bangladesh is unlikely to subside soon due to supply-side factors (persistent food price increases) and demand-side