Day: February 19, 2025

Mexico

Banco Santander plans to invest over USD 2 bln in Mexico by 2027 to expand its presence, including digital lender Openbank. The investment aims to

Dominican Republic

The Dominican Republic is selling USD 5 bln worth of bonds, a three-part transaction, testing investor appetite it offers to buy back some of its

South Africa

South Africa’s finance minister, Enoch Godongwana, is under pressure to address economic challenges in the upcoming budget. The country faces risks from US trade policies,

DR Congo

Rwanda has suspended development cooperation with Belgium amid tensions over Rwanda’s role in the DRC conflict. Belgium accuses Rwanda of supporting rebels in eastern Congo,

Nigeria

Nigeria’s annual inflation rate dropped to 24.5% in January after a revision of the household expenditure data. The National Bureau of Statistics overhauled the consumer

Morocco

Morocco’s central bank will launch an interbank derivatives market for forex swaps and MONIA overnight index swaps on Feb. 19. This move is part of

Uzbekistan

Uzbekistan’s economy grew 6.5% in 2024, according to the Presidential Statistical Agency, which added that the shadow and informal economy still accounts for more than

Russia

Kazakhstan’s oil exports via the Caspian Pipeline could be cut by as much as 30%, for up to two months, according to Russian state pipeline operator Transneft,

Azerbaijan

S&P Ratings raised its 2026 growth forecast for Azerbaijan from 1.5% to 2.0%, while keeping its 2025 expectation at 2.0%. The agency commented that the

Ukraine

On Monday, American and Russian officials met in Riyadh for talks on the Ukraine war, without any Ukrainian officials present at the meeting. The meeting

Vietnam

Vietnam’s parliament has raised the 2025 growth target to at least 8%, aiming for double-digit growth from 2026 to 2030. Despite tariff threats from the

Pakistan

Saudi Arabia has renewed its deal with Pakistan to supply oil on delayed payments for another year, worth USD 100 mln per month. This comes

Mexico

US President Trump plans to impose 25% tariffs on automobile, semiconductor, and pharmaceutical imports, with an announcement expected by April 2. The new tariffs will