Day: January 29, 2025

Costa Rica

Costa Rica is planning to deepen its economic relationship with the US during an upcoming visit by US Secretary of State Marco Rubio. As of

Colombia

Colombia’s fiscal deficit exceeded its target by ca. 21 tln pesos last year. The government’s planned spending cuts for 2025 are considered inadequate, with the

South Africa

The south African rand weakened for a second consecutive day amid concerns over US trade policy. President Trump’s tariff uncertainty has heightened volatility in emerging-market

Mozambique

Mozambique’s central bank reduced its benchmark interest rate for the seventh consecutive time, lowering it from 12.75% to 12.25%. The bank also cut reserve requirements

Malawi

Malawi’s inflation rose to 28.1% YoY December, up from 27.0% in November. Food inflation reached 35.6%, significantly higher than the previous month’s 33.7%. The average

Kenya

Kenya is constructing a 300 MW geothermal plant as part of a deal to settle a EUR 60 mln loan from Germany. The agreement includes

Ghana

Ghana’s proposed anti-LGBTQ law lapsed under the new government, but the Speaker of Parliament plans to revive it. The law, which criminalizes LGBTQ individuals and

Egypt

Egypt plans to issue up to USD 2 bln in its first USD bond offering in nearly two years. The deal will include 5-year and

Israel

Israeli PM Benjamin Netanyahu plans to visit Washington to discuss the Gaza ceasefire with President Trump. The visit is contingent on Netanyahu’s recovery from surgery.

Serbia

In Serbia, the PM has resigned, as President Vucic continues to face challenges including large protests, initially about a deadly accident at a railway station, though fueled

Kazakhstan

Kazakhstan’s President, Tokayev, has told the central bank to work closely with the government in order to control inflation, potentially undermining the independence of the

Sri Lanka

Sri Lanka’s central bank held its benchmark interest rate at 8% to help inflation reach its target while supporting economic revival. The bank forecasts price

Philippines

The Philippines’ Maharlika Investment Corp. will acquire a 20% stake in Synergy Grid & Development Phils. Inc. for 19.7 bln pesos. This move aims to

Pakistan

Pakistan’s central bank governor announced that cooling inflation allows for easing monetary policy. Inflation, which peaked at 38% in May 2023, has dropped to single

Russia

Russia continues to ship oil to India using vessels designated by the U.S. Treasury, testing sanctions enforcement. Crude shipments increased 11% to 3.07 mln barrels

Mexico

US President Trump aims to impose higher tariffs to reshape U.S. supply chains, targeting sectors such as semiconductors, pharmaceuticals, steel, copper, aluminum, and potentially automobiles