Day: March 5, 2025

Dominican Republic

Moody’s affirmed the Dominican Republic’s credit profile, citing strong growth dynamics and contained liquidity risks despite weak fiscal and institutional strength. The economy grew 5.0%

South Africa

South Africa’s economy grew by 0.6% in Q4 2024, recovering from a revised 0.1% contraction in the previous quarter, avoiding recession. Growth was driven by

Namibia

Namibia’s trade deficit in January 2025 increased to 2.7 bln Namibian dollars (approx. USD 145.7 mln), up from a 129 mln Namibian dollar deficit in

Guinea-Bissau

Guinea-Bissau’s public debt rose to USD 1.8 bln in 2024, up from USD 1.6 bln in 2023. The debt-to-GDP ratio stood at 79.5%, exceeding the

Ghana

Ghana’s Eurobonds dropped after Finance Minister Cassiel Ato Forson warned that the country’s energy debt could double by 2027 unless “radical measures” were taken. The

Egypt

Arab leaders have endorsed Egypt’s Gaza reconstruction plan, which aims to counter US President Trump’s ideas and support Palestinian rebuilding. The plan, costing USD 53.2

Kazakhstan

Kazakhstan is set to increase oil exports to what is likely to be a record level this month, as expansion from the Tengiz Field continues.

Armenia

In Armenia, economic activity expanded 7.1% YoY in January, with trade and construction supporting the expansion. However, the industrial sector contracted by 10.4%.

Ukraine

President Trump has frozen supplies of military aid to Ukraine, saying this will continue until President Zelensky has made “a commitment to seeking peace talks”.

Vietnam

Vietnamese banks are expected to see fast loan growth, with credit increasing by 15%-16% over the next two years. This is driven by strong demand

China

China has set its 2025 economic growth target at 5%, with a fiscal deficit target of around 4% of GDP. The government plans to issue

Bangladesh

Bangladesh’s central bank reduced the minimum daily cash reserve ratio (CRR) for banks to 3% from 3.5%, effective immediately. The biweekly average CRR remains unchanged

Mexico

The USD index stabilized around 105.6 on Wednesday after falling nearly 2% over the past two days. Investors focused on President Trump’s joint address to