Day: February 28, 2025

Colombia

Colombia’s inflation likely fell to 4.9% in February from 5.2% in January, the lowest since October 2021 but still above the central bank’s target. Food

Brazil

Brazil’s current account deficit nearly tripled in January, reaching USD 8.7 bln. This deficit may soon exceed foreign direct investment coverage, signaling a less favorable

Ghana

Ghana’s public debt has reached 721 bln cedis, and the country faces surging inflation, poor job prospects, and a crushing debt burden. The new administration,

Ethiopia

Ethiopia urged BRICS nations to prioritize development, focusing on better market access, stronger financing, and investment in infrastructure. It also emphasized the need for global

Egypt

Egypt introduced a new social package worth EGP 200 bln (USD 4 bln) to support groups affected by rising prices. This package includes raising the

Benin

Moody’s affirmed Benin’s B1 credit ratings, changing the outlook from stable to positive. The positive outlook reflects the country’s economic and fiscal improvements, including strong

Angola

Angola’s finance minister has received approval to raise up to USD 3 bln in Eurobonds and up to USD 1 bln in yen-denominated bonds to

South Africa

The US has permanently stopped funding thousands of health-care programs in Africa, severely disrupting HIV/AIDS services, particularly in South Africa. The cuts will lead to

Israel

Israel and Hamas completed the last of nine agreed-upon hostage exchanges under a six-week Gaza ceasefire. Israel received four coffins and freed about 640 Palestinian

Russia

Serbian President Vucic said his country’s national oil company NIS has been given a one-month-reprieve from US sanctions. NIS is majority owned by Russia’s Gazpromneft,

Moldova

Moldova’s growth forecast for this year has been cut by the EBRD, from 3.5% to 2.0%. The country’s economic performance has been hampered recently by

Kazakhstan

Kazakhstan’s economy ministry expects inflation to accelerate to 12.0% YoY next year, from 8.9% currently, because of the implementation of VAT reform. Economic growth is

Russia

In Bosnia-Herzegovina, President of Srpska Republika Milorad Dodik has been sentenced in absentia to one year imprisonment, and barred from holding public office for six

Indonesia

Indonesia’s benchmark stock index is nearing a technical bear market, dropping 20% from its September high. Foreign fund outflows, a weak rupiah, and concerns over

India

The World Bank noted that India needs a 7.8% average annual growth to become a high-income country by 2047, requiring nearly an 8-fold increase in

China

China has threatened to retaliate against the US after President Trump announced new tariffs on Chinese imports. The 10% tariff, set to take effect on