Colombia
Colombia’s economy grew 1.7% in 2024, better than 2023’s 0.7% but below estimates. The oil, gas, and coal sectors contracted, while agriculture and entertainment services
February 18, 2025
Colombia’s economy grew 1.7% in 2024, better than 2023’s 0.7% but below estimates. The oil, gas, and coal sectors contracted, while agriculture and entertainment services
Brazil’s inflation forecast for 2025 rose to 5.60%, above the 4.5% target ceiling. GDP growth expectations were slightly reduced to 2.01%. Inflation projections for 2026
Argentina’s Economy Minister Luis Caputo stated that negotiations for a new IMF program are in the final stages. The remaining issue is determining the program’s
Nigeria’s economic reforms have led to a favorable investment outlook, boosting stock prices and lowering bond yields. The country’s sovereign risk spread is the lowest
Ethiopia’s sovereign wealth fund and UK private equity firm Asset Green have signed an agreement for a USD 600 mln dairy farming and processing project.
TotalEnergies and Eni signed a host government agreement with Egypt and Cyprus to develop gas resources for export to Europe. The deal includes processing gas
The Trump administration’s foreign-aid freeze is delaying the Lobito corridor railway expansion, which is critical for transporting minerals from Africa to the West. The freeze,
Hamas has expressed willingness to step down from governing Gaza, provided it serves the people’s interests. This concession could meet one of Israel’s demands for
The Central Bank of Uzbekistan conducted USD 7.6 bln of foreign exchange market intervention in 2024, the bank has reported. Volumes fluctuated throughout the year,
Mongolia’s economy grew 4.9% in 2024, according to the national statistics office. Activity in the mining sector grew 10.8% YoY, and household consumption grew 12.9%.
Kyrgyzstan’s trade deficit stood at USD 8.2 bln in 2024; imports grew by 2.4% to USD 12 bln, though while exports grew substantially by 13.1%,
A major Kazakh oil pipeline, in the south of Russia, has been struck by a Ukrainian drone, forcing supplies to slow. The incident highlighted how
On Tuesday, US and Russian officials are set to meet in Saudi Arabia to start talks on ending the Russia-Ukraine war, and prepare a potential
Vietnam’s parliament approved a major government overhaul aimed at reducing its workforce by 20%, affecting 100,000 civil servants. The restructuring involves abolishing five ministries, merging
Sri Lanka’s President Dissanayake raised income tax limits and imposed new levies to balance IMF requirements for a USD 3 bln loan program. The budget
Indonesia is requiring natural resource exporters to keep all foreign exchange earnings onshore for one year to boost central bank reserves by USD 80 bln.
India plans to continue reducing import taxes as part of tariff regime reforms. Economists warn of risks from potential US reciprocal tariffs, which could lower