Day: April 4, 2025

Argentina

US Special Envoy for Latin America, Mauricio Claver-Carone, stated that the US is committed to supporting Argentina at the IMF Board, but wants Argentina to

South Africa

South Africa’s Trade Minister, Parks Tau, will visit the US to discuss tariffs imposed by the Trump administration. The visit comes after the announcement of

Mozambique

Mozambique’s central bank has raised the required revenue conversion for exporters to 50% from 30% to ease the dollar shortage. This move is expected to

Kenya

The IMF and Kenya will discuss the framework for a new loan program during the IMF annual meetings later this month. Kenya opted not to

Ghana

Ghana’s annual inflation rate decreased to 22.4% in March, from 23.1% in February, marking a five-month low. Food inflation slowed to 26.5% from 28.1%, driven

Iraq

Iraq’s FX reserves remain at historic levels, covering more than 100% of currency in circulation, despite a slight decrease. As of November 2024, reserves were

Kyrgyz Republic

The UN World Food Programme is concerned about rising poverty in Kyrgyzstan leading to a rapid increase of people vulnerable to hunger. The agency said

Georgia

Georgia’s annual inflation rose to 3.5% in March, the highest level in two years and up from 2.4% in February. The central bank target inflation

Azerbaijan

Azerbaijan’s central bank foreign exchange reserves rose 0.6% in the first quarter of 2025 to USD 11.0 bln, from USD 10.7 bln at the end

Armenia

Armenia’s inflation rose to 3.3% in March, up from 2.5% the previous month. This is the highest reading in almost two years. The central bank

Russia

President Zelensky has said a ceasefire in Ukraine is possible within weeks if the West exerts enough pressure on Russia to comply. The President also

Pakistan

Pakistan’s inflation eased to 0.69% in March, the lowest in over seven years, mainly due to declining food and housing costs. While inflation has slowed,

Pakistan

US President Trump’s tariffs on Sri Lanka, Pakistan, and Bangladesh will likely have a limited direct impact on growth, as their exports to the US

Malaysia

Indonesia is planning to ease trade regulations in response to a potential 32% tariff on its exports to the US. President Prabowo Subianto has instructed