Day: February 11, 2025

Dominican Republic

The Dominican Republic launched a tender offer to repurchase all its USD and DOP debt maturing in 2026, contingent on the successful issuance of new

Argentina

Argentine President Milei stated that the Peso’s appreciation is a result of fiscal and monetary tightening, not government intervention. He confirmed that the IMF agreement

Morocco

Morocco is urged by the IMF to broaden the tax base and cut spending to finance structural reforms. Economic growth is projected to accelerate to

Egypt

Egypt’s core CPI inflation dropped to 22.6% YoY in January, from 23.2% in December. This allows room for potential interest rate cuts in the upcoming

Botswana

Botswana’s budget deficit for 2025-26 is forecast at 7.6% of GDP, with proposals for a 1.5% tax hike on corporate income and top earners. The

Israel

President Trump suggested Israel should end its ceasefire with Hamas if hostages aren’t returned by this weekend. He also threatened to cut off US aid

Mongolia

Mongolia is planning its first dollar bond since having a credit rating upgrade last year, to make use of investor demand for frontier debt. It

Moldova

Moldova’s government has agreed a solution to continue supply gas to the breakaway region of Transnistria, after Russia halted supplies to the region in January.

Kazakhstan

Kazakhstan’s President, Tokayev, ordered a review of the government’s VAT reform proposal, saying that the suggested rate of 20% was “too high”, after opposition from the

Russia

State media in Azerbaijan warn the country implement economic sanctions against Russia, over the Azerbaijan Airlines plane crash in December, which Baku says was accidentally

Vietnam

Vietnam’s central bank sold about USD 9 bln in 2024 to stabilize the currency, raising the price of dollars sold to banks for the first

Philippines

FDI in the Philippines registered net inflows of USD 901 mln in November 2024, down 19.8% from the previous year. However, cumulative FDI from January

Papua New Guinea

The Bank of Papua New Guinea explored the feasibility of launching a CBDC, unveiling its findings from the digital kina initiative. The project, developed with

India

Economists identify India and Thailand as most vulnerable to risks from President Trump’s proposed reciprocal tariffs, which could raise tariffs by 4-6 percentage points. These

Bangladesh

Bangladesh’s central bank kept its policy rates unchanged to support economic growth amid easing inflation. The central bank expects inflation to fall to 7%-8% by

Mexico

President Trump plans to impose 25% tariffs on all US imports of steel and aluminum, affecting suppliers like Mexico and Canada. The tariffs, expected under