Day: March 20, 2025

Guatemala

Guatemala’s government has vowed not to back down from its new law requiring vehicle owners to purchase insurance covering harm caused to others in the

Brazil

Brazil’s central bank raised its key interest rate by 1 pp to 14.25%, the highest level since October 2016. This move is in response to

Argentina

Argentina’s economy contracted by 1.7% in 2024, driven by austerity measures that reduced consumption and investment. Investment dropped sharply by 17.4%, while private consumption fell

Tanzania

The Tanzanian shilling has weakened by 8.9% this year, making it the world’s worst-performing currency. This depreciation is due to rising imports and increased public

Rwanda

Rwanda’s economy grew by 8.9% in 2024, driven by strong performances in the services, industry, and agriculture sectors. The country’s GDP expanded in each quarter,

Nigeria

African leaders have acknowledged US President Trump’s decision to cut aid as a wake-up call for self-reliance, but many countries, including South Africa, Nigeria, and

Israel

Israel has launched a limited ground operation in Gaza, retaking control of part of the Netzarim Corridor. This operation follows the lapse of a six-week

Azerbaijan

Azerbaijan’s central bank expects the current account surplus to remain above 5% of GDP in 2025, at USD 5.5 bln. The current account surplus in

Russia

On Wednesday, US President Trump had a call with Ukrainian President Zelensky, and commented that efforts to end the war in Ukraine were “on track”

Vietnam

Vietnam’s government has allowed up to 49% foreign ownership of select banks that have taken over struggling financial institutions. This move aims to accelerate the

India

US President Donald Trump announced that India will face like-for-like tariffs starting April 2, accusing India of being one of the highest tariffing nations in