Day: January 27, 2025

Colombia

President Trump threatened tariffs on Colombia over deported migrants but later withdrew the threat after a deal was reached. The deal allows for the return

Bolivia

Bolivia is offering between BOB 100 mln and BOB 700 mln (USD 14 mln–100 mln) in treasury securities weekly to cover expenses. These are primarily

Argentina

Moody’s upgraded Argentina’s credit rating to Caa3 from Ca, citing the country’s improving economy and efforts to stabilize finances. The outlook was raised to positive,

South Africa

South Africa is considering a 1 bln-rand bailout to prevent the closure of ArcelorMittal’s steel mills. The proposal involves funding from the Public Investment Corp.,

DR Congo

M23 rebels, reportedly supported by Rwanda’s army, are advancing towards a key city in the mineral-rich region of the Democratic Republic of Congo. The conflict

Nigeria

Nigeria is projected to grow in 2025 with inflation expected to drop below 30%, improving investment prospects. The reduction in inflation could create a favorable

Kenya

Moody’s revised Kenya’s outlook to positive, affirming its Caa1 ratings. This improvement is due to reduced liquidity risks, easing debt affordability, and declining domestic financing

Ghana

Ghana’s trade surplus hit USD 5 bln in 2024, driven by a 50% rise in gold exports to USD 11.6 bln. Total exports rose to

Egypt

Egypt’s Finance Ministry signed a USD 2 bln syndicated loan agreement, up from an initial USD 1.5 bln, to meet budgetary needs. Emirates NBD Capital

Iraq

Iraq’s central bank Governor, Ali Mohsen Al-Alaq, met with US Chamber of Commerce VP Steve Lutes to discuss American investment in Iraq, focusing on energy,

Lebanon

Israel and Lebanon extended their ceasefire until February 18 to allow more time for Israeli troop withdrawals. Concurrently, Israel agreed to release more hostages, including

Mongolia

The World Bank forecasts Mongolia’s economic growth at 6.5% this year, compared to 5.3% in 2024. The Mongolian economy has been supported by record coal

Kazakhstan

Kazakhstan’s oil major Chevron has competed expansion works at the Tengiz oil field, costing around USD 48 bln. By mid-2025, production at the field is

Armenia

Armenia’s credit rating was affirmed at BB- by Fitch, with a stable outlook. The agency said that support from stable growth and a robust macroeconomic

Azerbaijan

Ukrainian President Zelensky said his country is ready to transport gas from Azerbaijan to Europe, though details were not shared. Zelensky met Azerbaijani President Aliyev

Thailand

Thailand transferred 30 bln baht to over 3 mln senior citizens as part of a program to combat high living costs and stimulate the economy.

Sri Lanka

Bloomberg economists expect Sri Lanka’s central bank to hold the policy rate at 8% on January 29. This decision is based on temporary declines in

India

Indian bond yields fell to their lowest in nearly three years after the Reserve Bank of India purchased 101.75 bln rupees (USD 1.2 bln) in

China

China’s factory activity slowed unexpectedly ahead of the Lunar New Year, with the manufacturing PMI dropping to 49.1, the lowest since August. The services sector