Day: March 21, 2025

Costa Rica

International visitors to Costa Rica have declined for the sixth consecutive month, with February 2025 showing a 7% drop YoY. The Costa Rican Tourism Board

Colombia

Colombia’s trade deficit widened to USD 1.279 bln in January, up from USD 1.084 bln in the same month the previous year, mainly driven by

Zambia

Zambia’s FX reserves have reached a record high of USD 4.31 bln, but the kwacha has depreciated to a near-record low against the USD. The

South Africa

South Africa’s central bank has decided to keep its benchmark interest rate at 7.5%, awaiting the impact of US President Trump’s trade policies on inflation.

Morocco

Morocco has mandated banks for a potential euro-denominated bond sale, marking the kingdom’s first international debt market outing since 2023. The government plans to issue

Ethiopia

Ethiopia’s economy is projected to grow by more than 8.4% in the 2024/2025 fiscal year, with the PM suggesting that growth could surpass the anticipated

Ethiopia

Talks between Ethiopia and its creditors are near conclusion, with Prime Minister Abiy Ahmed reporting that USD 3.5 bln has been saved through these negotiations.

Egypt

Kuwait has decided to renew its USD 4 bln deposit at the Central Bank of Egypt (CBE), including a USD 1 bln deposit due in

Israel

Israel’s cabinet has approved PM Netanyahu’s decision to fire domestic intelligence chief Ronen Bar. This move has sparked widespread protests and criticism, with opponents accusing

Uzbekistan

Uzbekistan’s central bank has raised its policy rate by 50 bsp to 14.0%, citing sustained inflationary pressures, growing demand, and higher inflation expectations. Headline inflation

Pakistan

Pakistan’s PM held discussions with Saudi Arabia’s Minister of Investment and the head of the Joint Task Force for Economic Engagement, during an official visit

Malaysia

Malaysia’s CPI rose 1.5% in February 2025, reflecting a slowdown in housing and utilities price growth. Core inflation increased by 1.9% YoY in February. Inflation

Indonesia

Bank Indonesia (BI) has purchased IDR 70.74 tln (USD 4.3 bln) in government securities (SBN) to stabilize the rupiah’s exchange rate. The central bank’s purchases