Day: January 14, 2025

Argentina

Paraguay’s economy is projected to grow by 3.8% in 2025, slightly slowing to 3.7% in 2026, according to the UN’s “World Economic Situation and Prospects

Canada

Mexican President Claudia Sheinbaum announced a plan to reduce imports from China to boost local industries and align Mexico more closely with the US and

Bolivia

Thousands of supporters of former Bolivian President Evo Morales marched to La Paz to protest against economic hardships, driven by high inflation (9.9% in 2024),

Nigeria

Nigeria’s central bank approved the opening of ordinary and investment accounts for non-residents. This move allows the diaspora to remit foreign earnings and invest in

Congo Republic

President Paul Kagame of Rwanda urged Congolese authorities to engage in direct talks with the M23 rebel group, which has recently expanded its control over

Ethiopia

Ethiopia reopened its stock exchange, the Ethiopian Securities Exchange, after a 50-year hiatus. The government’s move to establish a domestic stock market began with the

Jordan

Jordan signed a preliminary agreement with a French-led consortium to desalinate and transport water from Aqaba to the capital, Amman, to address the country’s ongoing

Tajikistan

The AIIB approved USD 500 mln of financing for Tajikistan’s USD 6.4 bln Rogun hydropower project. The first phase of the loan will be USD

Moldova

Moldova announced a 200 bps interest rate hike during an unscheduled meeting on Friday, to 5.6%, which is the highest level since 2023. This was

Azerbaijan

In Azerbaijan, one of the two main platforms at the largest natural gas field, Shah Deniz, has been closed since Friday due to a technical

Pakistan

Pakistan is preparing to debut yuan-denominated bonds, aiming to raise USD 200 mln to USD 250 mln from Chinese investors. The issuance of Panda bonds

India

India’s inflation eased to 5.22% YoY in December, but the rupee hit a new record low against the USD, reaching over 86 per USD. This

Bangladesh

Bangladesh’s trade deficit for the first five months of the 2024-25 fiscal year narrowed to nearly USD 8 bln, down from USD 9.86 bln in

Bangladesh

The ADB has approved a USD 600 mln loan to support Bangladesh’s structural reforms. The loan will aid in mobilizing domestic resources, improving public investment

Russia

Oil prices rose to their highest level in five months following new US sanctions targeting Russia’s energy sector. Brent crude advanced near $81 per barrel.