Day: March 28, 2025

Peru

Peru’s annual inflation likely cooled to 1.2% in March, down from 1.5% in February, which is below the central bank’s forecasts. The decline is attributed

Colombia

Colombia’s incoming finance minister, German Avila, called for more aggressive monetary easing, criticizing the current interest rate reductions as too moderate. Colombia’s fiscal deficit widened

Argentina

Argentina has requested a USD 20 bln loan from the IMF to bolster foreign reserves and stabilize its currency, amid a run on the peso.

South Africa

South Africa’s central bank chief, Lesetja Kganyago, advocates for lowering the country’s inflation target, arguing it would enhance competitiveness and reduce long-term interest rates. However,

Cote d’Ivoire

Ivory Coast raised UDSD 1.75 bln through a dollar bond sale, aimed at smoothing its debt profile. The country’s three-year CFA-franc bond sale marked Africa’s

Ethiopia

Ethiopia’s Minister of Industry, Melaku Alebel, met with Iranian Ambassador Ali Akbar Razel to discuss potential collaboration in the manufacturing sector. Both sides highlighted the

Egypt

The IMF forecasts Egypt’s GDP growth to reach 4.1% in FY25/26, up from 3.6% in the previous fiscal year. Inflation is expected to continue declining,

Russia

Russia warned Armenia that pursuing EU membership could lead to its exit from the Eurasian Economic Union (EEU), which could have economic consequences. Russia’s Deputy

Albania

Albania’s economy grew 3.6% YoY in the last quarter of 2024, down slightly from an upwardly revised 4.2% in the previous quarter, the national statistics

Russia

European leaders gathered in Paris on Thursday for a summit on Ukraine, where they ruled out easing sanctions on Russia, one of President Putin’s demands

Vietnam

Vietnam is facing an estimated USD 90 bln in cryptocurrency transactions, with experts calling for a regulatory framework to prevent criminal exploitation. According to a

Pakistan

Pakistan plans to reduce electricity costs for manufacturers to boost exports and lower overall economic burdens. The government is also working on reducing financing costs

Myanmar

Myanmar’s junta chief Min Aung Hlaing will visit Thailand next week for a regional leaders’ summit, where he is also expected to meet bilaterally with

Indonesia

Indonesia’s central bank is expected to resume cutting interest rates after holding the benchmark rate steady last week. Economists predict a quarter-point reduction to 5.5%