Day: March 10, 2025

Mexico

Mexican President Claudia Sheinbaum expressed confidence that President Donald Trump would not impose tariffs on Mexican exports next month, despite previous threats. Sheinbaum noted that

Costa Rica

Costa Rica’s inflation rose 1.24% YoY in February, the fastest in 20 months, driven by higher food and beverage prices. Monthly inflation was nearly flat,

Costa Rica

The IMF advised Costa Rica to adopt a more flexible approach to its foreign exchange policy, criticizing the Central Bank’s frequent interventions. This comes amid

Colombia

Colombian inflation accelerated to 5.28% in February, surprising economists who had expected a downward trend. This makes it less likely the central bank will agree

Senegal

Senegal’s USD 1.8 bln IMF program is on hold after an audit revealed that the previous government overstated public finances, leading to a downgrade in

Nigeria

Booming cocoa prices are driving interest in boosting Nigeria’s role in the global cocoa market, with the country aiming to reach 500,000 tonnes of production

Egypt

Egypt’s foreign currency reserves rose to USD 47.39 bln by February, driven by a $128.6 million increase and growth in gold reserves. PM Mostafa Madbouly

Jordan

S&P affirmed Jordan’s BB- long-term foreign currency debt rating with a stable outlook. The agency noted that Jordan is managing the impact of the US’

Mongolia

Mongolia’s central bank has raised interest rates from 10.0% to 12.0%, in an effort to combat inflationary and geopolitical risks. Inflation is expected to rise

Russia

Kazakhstan’s central bank hiked interest rates by 125 bps to 16.5%, higher than analysts had expected, in a bid to combat rising inflation. It noted

Russia

The US is linking the resumption of military assistance and the proposed mineral deal to Ukraine committing to a quick truce with Russia, according to

Sri Lanka

IMF chief Georgieva praised Sri Lanka’s economic recovery, noting the nation’s “remarkable turnaround” during talks with President Anura Kumara Dissanayake. Despite Dissanayake’s leftist stance and

Pakistan

China extended the repayment period of Pakistan’s USD 2 bln loan by one year, easing pressure on Pakistan’s foreign exchange reserves. The loan, originally due

China

China’s consumer inflation fell 0.7% YoY in February, the first drop below zero in 13 months, driven by a decline in services prices and negative

Iran

US President Trump urged Iran to negotiate a new nuclear deal, offering diplomacy over military action but warning of potential conflict. Iran’s leadership, including Foreign