Peru
Peru plans to issue up to three sovereign bonds this year to finance its fiscal deficit. Finance Minister Jose Arista stated that fiscal spending would
January 30, 2025
Peru plans to issue up to three sovereign bonds this year to finance its fiscal deficit. Finance Minister Jose Arista stated that fiscal spending would
President Trump suddenly imposed 25% tariffs and travel restrictions on Colombia via social media, citing deportation disputes. Colombia quickly complied with US demands, but the
The US Supreme Court rejected Argentina’s appeal in its dispute with “vulture funds,” requiring the country to pay USD 310 mln in Federal Reserve accounts.
Morgan Stanley expects Argentina to return to the bond markets by mid-year, seeking USD 3 bln to address debt payments. Analysts suggest Argentina may issue
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
The AfDB will fund a 300 km transmission line to export power from Uganda’s Karuma plant to South Sudan. The AfDB has committed USD 189
Nigerian banks face higher risks due to inflation, interest rates, and currency devaluation, leading to a rise in non-performing loans (NPLs). S&P forecasts NPL ratios
Kenya is building a 300 MW geothermal plant to settle a EUR 60 mln loan from Germany. The agreement includes a debt write-off in exchange
Ghana is negotiating with 60 international banks to restructure USD 2.7 bln in loans, as part of a broader USD 3 bln IMF-backed debt restructuring.
Egypt’s President El-Sisi rejected US President Trump’s suggestion to relocate Palestinians from Gaza to Egypt and Jordan, citing strong regional opposition from Saudi Arabia, the
Kazakhstan aims to finance three coal-fired thermal power plants through loans from the Russian government, according to Energy Minister Almassadam Satkaliyev. Negotiations continue on financing
Kazakhstan will ban fuel exports to the Russian-led Eurasian Economic Union (EEU), it has announced, to try and prevent fuel smuggling. President Tokayev had commented
The Georgian central bank has maintained interest rates at 8.0%, for the fifth consecutive meeting. Inflation has remained below the central bank target of 3.0%
In Azerbaijan, State Oil fund (SOFAZ) assets rose to USD 60 bln by the end of 2024, up USD 3 bln, or 7.1%, from a
Pakistan’s central bank governor stated that cooling inflation allows room for easing monetary policy. With inflation trending downward, the bank targets a 5%-7% rate. Inflation,
India’s cabinet approved a program to secure supplies of 24 vital minerals critical for battery production, electronics, defense, and agriculture. The initiative aims to reduce