Day: April 3, 2025

Costa Rica

Costa Rican business confidence declined in Q2 2025, with the Index of Business Expectations dropping 6.2 points to 53.7. Although still above neutral, this decline

Argentina

Brazil has commenced importing natural gas from Argentina through Bolivia, an unprecedented arrangement in Latin America. This operation, which followed extensive negotiations and a signed

Nigeria

The World Bank has approved a concessional loan of USD 1.08 bln to support Nigeria’s development programs, aimed at underserved groups. The loan will fund

Morocco

The IMF approved a two-year arrangement for Morocco under the Flexible Credit Line (FCL), amounting to USD 4.5 bln. This precautionary arrangement aims to bolster

Kenya

Kenya has retracted a statement on X regarding planned debt restructuring talks with China, its largest bilateral lender. The initial post claimed that China was

Ghana

The IMF has started its fourth review of Ghana’s USD 3 bln program, assessing the country’s economic performance and progress on structural reforms. The review

Bosnia and Herzegovina

Separatist Bosnian Serbian leader Dodik has met President Putin in Moscow, following recent speculation about his whereabouts. In March, Bosnian authorities issued an arrest warrant

Kazakhstan

Kazakhstan’s government has announced a new rare-earth deposit discovery, which it commented could bring the country to a leading position in global rare-earth reserves. Further,

Armenia

German President Steinmeier has urged Armenia and Azerbaijan to sign a peace agreement promptly. Significant progress has been made towards an agreement, though on Wednesday

Albania

Albania’s public debt servicing costs are forecast to hit a record high this year, of USD 1.7bln. This amount is 77% higher than in 2024,

Philippines

Vietnam’s main stock index dropped 6.2%, marking its largest one-day decline in over four years, while stocks in Thailand, the Philippines, Malaysia, and Singapore also

India

India’s government reacted cautiously to President Trump’s new 26% tariff on exports, acknowledging that it could have been worse. Indian stocks fell with the benchmark

China

China’s central bank, PBoC, set the yuan’s reference exchange rate at 7.1889 per USD, stronger than expected, in an effort to prevent rapid depreciation. Despite