Day: February 24, 2025

Paraguay

Paraguay’s central bank held its monetary policy rate at 6.0% in February 2025, amid modest economic growth and inflation reaching 1.0%, mainly driven by food

Jamaica

Fitch affirmed Jamaica’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-‘, with a positive outlook. The rating reflects improved governance, debt reduction, and a strong

Jamaica

Jamaica’s central bank held its key interest rate at 6.0%. The MPC confirmed that inflation will remain within the target range of 4.0-6.0% over the

Tunisia

Tunisian President Kais Saied called for amending the law governing the central bank, raising concerns about potential loss of independence and direct government intervention in

South Africa

South Africa’s Eskom reduced power outages after recovering several failed plants. Eskom is implementing Stage 4 power cuts, removing 4,000 MW from the grid, until

Mozambique

Mozambique’s economy contracted by 4.9% in Q4, the largest decline in seven years, due to post-election protests. These protests disrupted business, worsened government revenue, and

United Arab Emirates

Kenya reached a USD 1.5 bln loan agreement with the UAE at an 8.2% interest rate to ease fiscal pressures. The loan is expected to

Ghana

Ghana’s central bank initiated an audit of remittance transactions for Q4 2024 to enhance regulatory compliance and transparency. The audit is part of broader efforts

Uzbekistan

Uzbekistan’s government has issued a further UZS 6 tln (USD 460 mln) in Uzbek som-denominated Eurobonds, following USD 500 mln and EUR 500 mln Eurobond

Kazakhstan

Oil exports from the Tengiz field in Kazakhstan are running without interruptions, it has been reported. Previously, reports stated that damage to the Caspian pipeline

Russia

President Trump’s envoy to Ukraine said on Friday he held “extensive and positive discussions” with Ukrainian President Zelensky, about resolving the conflict in Ukraine. However,

Vietnam

Vietnam’s central bank may revise its 16% credit growth target for the year, closely monitoring inflation and domestic market conditions. The new inflation goal of

Malaysia

Malaysia will engage with the US on President Donald Trump’s proposed tariffs on semiconductor imports, which could impact Malaysian firms. Investment Minister Zafrul Aziz will

Indonesia

Indonesia launched a new sovereign wealth fund aimed at managing over USD 900 bln in state assets. President Prabowo Subianto intends to boost annual economic

China

Indian External Affairs Minister Subrahmanyam Jaishankar met with China’s Foreign Minister Wang Yi, highlighting progress in bilateral relations. The meeting addressed border peace management, pilgrimage

Israel

Crude oil prices dropped to USD 70.1/barrel, continuing last week’s decline. This was driven by expectations of resumed exports from Kurdistan’s oilfields and potential easing

Ukraine

The EUR rose 0.5% to above USD 1.05 after Germany’s conservative Christian Democrats secured an election win. Investors are focused on coalition formation and the