Day: February 25, 2025

Peru

Peru’s finance ministry forecasts a 4% growth in 2025, supported by new investment projects, deregulation, improved business confidence, low inflation, and favorable financing conditions. Growth

Tanzania

Tanzania has secured a 7-year syndicated loan of USD 300 mln to finance development projects for the 2024-25 fiscal year. Rand Merchant Bank (RMB) acted

Tunisia

Tunisia’s inflation rate fell to 6% in January 2025, continuing a downward trend from 6.2% in December 2024. The Central Bank of Tunisia maintained the

South Africa

South African Reserve Bank Governor Lesetja Kganyago warned that Trump’s policy onslaught, including tariffs and other measures, could fragment the global economy. The policies create

Senegal

Senegal’s dollar bonds dropped after Moody’s downgraded its sovereign credit rating to B3, citing weaker public finances and a rising debt-to-GDP ratio, which reached 99.7%

Malawi

Malawi reached an agreement with the UAE to import fuel on flexible terms to address chronic fuel shortages. This deal is expected to ease the

Kenya

Kenya plans to sell new dollar bonds to repurchase USD 900 mln of Eurobonds due in 2027, as part of proactive debt management to smooth

Guinea

Guinea’s government has initiated discussions with the IMF for a financial support program through an Extended Credit Facility, focusing on evaluating 2024-25 budget revenues, allocation,

Cameroon

Cameroon will borrow EUR 330.4 mln from the AfDB to fund the Douala-Ndjamena transnational road and USD 25 mln from the OPEC Fund for International

Angola

The IMF warned that Angola’s high external debt service and reliance on oil put pressure on sustainable growth. While the economy recovered in 2024, Angola

Moldova

The European Union plans to fully integrate Ukraine and Moldova’s energy systems into the EU energy market by 2027, according to the European Commission. The

Kyrgyz Republic

Officials from Tajikistan and Kyrgyzstan have signed a historic agreement on border demarcation, Bloomberg reported. The two countries never previously had a formal border, other

Kyrgyz Republic

Kyrgyzstan’s central bank kept its benchmark interest rate at 9% for the seventh consecutive meeting, supported by stable inflation and economic recovery. Inflation remains moderate

Kazakhstan

S&P Ratings affirmed Kazakhstan’s credit rating at BBB- with a stable outlook. The agency said the risk of protracted fiscal weakness and higher interest expenses

Ukraine

Ukraine is close to agreeing a deal with the US, for Ukraine to provide natural resources in exchange for US security guarantee. Further, President Zelensky

Thailand

Thailand’s exports rose 13.6% YoY in January, surpassing estimates, as companies frontloaded orders due to concerns over potential US tariffs. Exports are expected to maintain

China

China’s central bank (PBoC) injected CNY 300 bln into financial institutions through a one-year medium-term lending facility (MLF) on February 25, maintaining the rate at

China

The US is intensifying efforts to limit China’s technological progress, including stricter semiconductor curbs and pressuring allies to tighten restrictions. Ongoing discussions focus on preventing

Canada

The USD index (DXY) strengthened to 106.7 after President Trump confirmed tariffs on Canada and Mexico will proceed following a delay. Markets adjusted expectations as