Peru
Peru’s President Dina Boluarte committed to supporting agriculture by allocating 3.36 bln sol (about USD 912 mln) to the Ministry of Agrarian Development and Irrigation
February 20, 2025
Peru’s President Dina Boluarte committed to supporting agriculture by allocating 3.36 bln sol (about USD 912 mln) to the Ministry of Agrarian Development and Irrigation
Despite uncertainty from the US’s proposed tariffs on Mexico’s exports, Mexico’s central bank plans to continue easing monetary policy. Policymakers may consider another 50 bps
In its first session of the year, Guatemala’s Monetary Board decided to maintain the Monetary Policy Leader Interest Rate at 4.50% for February, following a
Argentine President Javier Milei is embroiled in a cryptocurrency scandal after promoting a memecoin that surged and collapsed. The scandal has put his popularity at
South African President Cyril Ramaphosa aims to resolve tensions with the US after a snub by Secretary of State Marco Rubio, who protested South Africa’s
Nigeria’s central bank paused its monetary tightening, holding the policy rate at 27.5% after recalculating inflation data showed a significant slowdown. Annual inflation dropped to
Egypt’s central bank kept interest rates unchanged at a record high, maintaining the deposit rate at 27.25% and the lending rate at 28.25%. The decision
Botswana’s central bank maintained its key interest rate at 1.90%. Inflation in the country rose to 2.5% in January, but is expected to remain within
GCC leaders, along with Jordan’s King Abdullah II and Egypt’s President Abdel-Fattah El-Sisi, will meet in Riyadh for unofficial talks initiated by Saudi Crown Prince
Kyrgyzstan’s inflation rose to 6.7% YoY in January, the highest level since December 2023, and up from 6.3% previously. At the end of January, the
Armenian PM Pashinyan said his country needs a referendum on a new constitution, as the existing document lacks legitimacy. Earlier, Azerbaijani President Aliyev commented that amending
Analysts from Fitch Ratings said that banks in Armenia, Azerbaijan, and Georgia, are continuing to benefit from rapid economic growth, and higher business volumes, supported
US Special Envoy to Ukraine Kellogg arrived in Kiev on Thursday, for meetings with several officials, including President Zelensky. Additionally, the IMF has started policy
An IMF mission will visit Pakistan from February 24-28 to discuss around USD 1 bln in climate financing, according to Khurram Schehzad, an adviser to
The People’s Bank of China (PBOC) plans to expand the use of renminbi (RMB) in international trade, investment, and financing. The PBOC aims to enhance
The Reserve Bank of India rejected bids for 91 and 182-day treasury bills due to a cash squeeze in the banking system. It sold 364-day
The Taliban announced Afghanistan’s withdrawal from the International Criminal Court (ICC) on February 19, rejecting the legitimacy of its 2003 accession to the Rome Statute.
Paraguay launched a tender to buy back its 5% bonds due 2026 and 4.7% bonds due 2027, with a combined total of USD 832 mln.
A leaked portion of Argentine President Milei’s TV interview backfired, damaging his defense against involvement in a crypto scandal. The leak showed Milei’s advisor interrupting
South Africa’s Democratic Alliance blocked a surprise plan to raise VAT by 2%, delaying the annual budget presentation. The opposition argued that the tax hike
Nigeria’s central bank is expected to keep interest rates steady at 27.5%, following a decline in inflation in January. Since 2022, the bank has raised
S&P downgraded Mozambique’s long-term local currency debt rating to CCC- from CCC, while affirming its foreign currency rating at CCC+. The outlook has been changed
Morocco plans its first bond sale since 2023 to fund reforms and projects ahead of co-hosting the 2030 World Cup. The bonds will likely be
Kenya anticipates a 24% increase in tourism earnings to 560 bln shillings (USD 4.33 bln) in 2025. The number of visitors is expected to reach
Ghana faces a USD 156 mln funding shortfall due to the gutting of US foreign aid, affecting healthcare and agriculture sectors. USAID’s freeze has led
Moody’s affirmed Egypt’s Caa1 long-term foreign and local currency issuer ratings with a positive outlook. Progress in external and fiscal rebalancing has improved Egypt’s debt
Serbia’s inflation rose to 4.6% YoY in January from 4.3% in December, and above market expectations. Further, the central bank has said it forecasts growth
Mongolia’s USD bond issuance of USD 500 mln has received investor demand of over USD 2.8 bln, and was priced 5 bps lower than the
Armenia’s central bank has cut interest rates by 25 bps to 6.75%, the fourteenth consecutive rate cut since June 2023, as the bank seeks to
US President Trump and Ukrainian President Zelensky have traded insults, with Zelensky saying Trump had fallen victim to Russian “disinformation”, while Trump responded saying Zelensky