Day: February 12, 2025

Peru

Despite strong economic growth projections for 2025, Peru’s upcoming April 2026 election is raising investor concerns. A record number of political parties are participating, which

Colombia

Colombia’s Finance Minister Diego Guevara reported 2024 growth of 1.8%, slightly above the previous forecast of 1.7%. However, 2025 growth projections were revised down to

Somalia

Somalia’s government reached an agreement with the Abu Dhabi Fund for Development to settle 944.8 mln dirham (USD 257 mln) of debt. The deal, signed

DR Congo

Rwanda faces economic consequences due to its support for rebels in the DRC, with warnings from the IMF and S&P Global Ratings about financial costs,

Kenya

Kenya’s Central Bank (CBK) expects its foreign currency reserves to increase by USD 1.45 bln this year, bolstered by IMF inflows. As of February 4,

Ghana

Ghana’s cedi strengthened on February 10, after a slight decline against the US dollar the previous week. Analysts expect increased intervention from the central bank

Iraq

Iraq forgave USD 256 mln of Mozambique’s long-standing oil debt, leaving a balance of USD 64 mln to be paid over 15 years starting in

Iraq

Iraq’s Central Bank (CBI) sold over USD 5 bln through its foreign currency auction in January, with a daily average of USD 291.25 mln. This

Tajikistan

The National Bank of Tajikistan lowered its key refinancing rate by 25bp to 8.75%, following three rate cuts made in 2024. Policymakers said that stable

Ukraine

Ukraine is looking to take action with the US government to secure relief from planned US steel tariffs of 25%, before they come into effect

Vietnam

Vietnam’s parliamentary economic committee has recommended adjusting the inflation goal to 4.5-5% for 2025 due to rising inflationary pressures from January data. The government seeks

Sri Lanka

Sri Lanka’s consumer prices fell by 4% in January, driven by weak demand, lower energy prices, and a high base from the previous year. Deflation