Day: January 28, 2025

Honduras

Honduras warned that US immigration policies could push it closer to China, with officials suggesting the country may increasingly turn to China for support, despite

Dominican Republic

The US is the Dominican Republic’s most significant economic partner, accounting for 85% of remittances, 50% of incoming tourists, and 22% of FDI, based on

DR Congo

Rwanda’s USD bonds fell after a rebel group seized a key trading hub in the DRC. The bond price dropped to 84.3 cents, with the

Ghana

Ghana’s central bank kept its key interest rate at 27% to address inflation, which rose to 23.8% in December. The cedi weakened by 3.5% against

Ethiopia

Ethiopia’s debt-to-GDP ratio dropped from 30% to 13.7% after repaying USD 10 bln over five years through economic reforms. The country overcame challenges, including COVID-19,

Egypt

Egypt secured a USD 2 bln syndicated loan to address its budget deficit and external debt. The deal, oversubscribed 2.5 times, was arranged by Emirates

Angola

Angola plans to borrow USD 1.47 bln in international debt and raise USD 1.2 bln from the World Bank and commercial lenders in 2025, accounting

Egypt

Egypt, Jordan, and the Palestinian Authority rejected U.S. President Trump’s proposal to resettle Gaza residents in Egypt or Jordan. Jordan’s Foreign Minister reaffirmed that the

Kazakhstan

Kazakhstan’s government said that the vendor for the construction of a nuclear power plant will be chosen by June. The potential candidates (France, China, Russia,

Albania

Albania’s economy is projected to grow 3.5% in 2025 according to the IMF, and will continue to grow on average by this level in the

Pakistan

Pakistan reduced its benchmark interest rate by 100 bps to 12%, the lowest in nearly three years. While inflation has slowed, core inflation remains elevated.

China

China’s offshore yuan weakened to 7.26 per dollar after disappointing January PMI data. Factory activity contracted, and services slowed. Industrial profits dropped for the third

Bangladesh

Bangladesh’s interest payments accounted for over half of government revenue in the first four months of FY 2024-25. With external debt exceeding USD 100 bln,

Colombia

Crude oil prices dropped over 2% to USD 73 per barrel amid sell-offs in tech and energy stocks. Weak economic data from China and concerns