Day: March 12, 2025

Peru

Peru is sending a delegation to the US to address new copper tariffs announced by the Trump administration. Peru aims to minimize the impact of

Guatemala

Guatemala’s overseas remittances grew by 19.2% year-over-year in February, reaching USD 1.821 bln, slightly higher than January’s USD 1.818 bln. However, the growth rate slowed

Dominican Republic

JP Morgan reaffirmed its strong conviction that the Dominican Republic peso should stabilize soon, following a statement from BCRD Governor. The Governor emphasized that there

Uganda

Uganda’s central bank purchased USD 900 mln since the start of the fiscal year to boost foreign exchange reserves, expecting total purchases to reach USD

Tunisia

Tunisia has approved a USD 165 mln plan to expand its phosphate production, aiming to increase output by 1.5 mln tonnes annually by 2030. This

South Africa

Investor demand surged at South Africa’s government debt auction, with orders totaling 17.95 bln rand for the 3.75 bln rand offered. The bid-to-cover ratio of

South Africa

Absa Group aims to save 5 bln rand (USD 273 mln) over three years by reducing costs. The bank anticipates a 2% economic expansion in

Ghana

Ghana’s new government aims for a primary budget surplus of 1.5% of GDP in 2025, a significant shift from the previous year’s primary deficit of

Angola

Angola is preparing to return to the international bond market after holding meetings with investors in the US, the UK, and the Middle East. Despite

Jordan

The Israeli army has deployed additional troops and conducted extensive searches along the Jordanian border after reports of suspicious movements near the border fence, particularly

Iraq

Iraq’s Parliamentary Oil and Gas Committee revealed that the country is taking measures to cover its gas needs from Gulf States, as US sanctions end

Kyrgyz Republic

President Rahmon of Tajikistan will visit Kyrgyzstan over the coming days and is expected to sign a bilateral border delineation agreement between the two countries.

Russia

Ukraine said talks with the US in Saudi Arabia have started “constructively”, with a partial ceasefire being discussed. Western security officials have meanwhile commented that

Albania

Inflation in Albania was 1.9% YoY in February, unchanged from the previous month. Prices accelerated slightly for food and non-alcoholic beverages. The central bank will

Vietnam

Vietnam’s central bank injected VND 5.09 tln (USD 196 mln) into the banking system last week via open market operations and bills. The SBV lent

Russia

US sanctions on Russia’s tanker fleet are facing challenges, with blacklisted vessels loading and shipping Russian crude. Crude flows from Russian ports rose by 300,000

Russia

US bond yields rose after President Trump threatened to double tariffs on Canadian steel and aluminum imports to 50%, in response to Ontario’s electricity export