Day: April 9, 2025

Colombia

Colombia’s inflation slowed to 5.09% in March, marking the first slowdown in four months. However, inflation remains far from the target of 3%. The central

Argentina

The IMF reached a staff-level agreement for a new USD 20 bln loan for Argentina, pending approval from the IMF’s executive board. The deal, which

Tunisia

Tunisia’s central bank forecasts inflation will decline from 7% in 2024 to 5.3% in 2025-2026. Lower consumer prices for olive oil, a staple in Tunisia,

South Africa

South Africa’s ruling coalition remains intact for now, despite disagreements over the national budget. The Democratic Alliance (DA) voted against a key budget law, angering

Morocco

The IMF completed its Article IV on Morocco, noting that GDP growth slowed to 3.2% in 2024 due to a drought affecting agricultural production. While

Kenya

The World Bank will unlock further financing for Kenya contingent on the implementation of economic reforms agreed upon last year. The lender has confirmed that

Egypt

Egypt has entered into a cooperation agreement to develop, build, finance, and operate an integrated plant for green hydrogen production and its derivatives. The agreement

Iran

Iran will begin high-level talks with the US in Oman this weekend to resolve a standoff over Tehran’s nuclear program. The talks will be led

Uzbekistan

Uzbekistan’s gold and foreign exchange reserves rose to USD 47.9 bln in March, up USD 2.9 bln in one month. The majority of the increase

Kazakhstan

Kazakhstan’s central bank said it is willing to intervene in the currency market to support the tenge, if needed. Over the past month the currency

Azerbaijan

Azerbaijan had a budget surplus of USD 953 mln in Q1 2025, or 16.6% of budget revenue. The finance ministry said that revenue during this

Russia

Armenia’s foreign trade turnover during the first two months of 2025 fell by a half, to USD 2.8 bln, compared with the same period last

Iceland

Ukrainian officials have claimed the capture of two Chinese citizens fighting as part of the Russian army, and questioned Beijing’s desire for resolving the conflict

Vietnam

The Vietnamese dong weakened to an all-time low, with USD/VND rising 0.9% to 26,016, as trade tensions between the US and China escalated. The central

Pakistan

Pakistan held the Pakistan Minerals Investment Forum, pitching investments in its mines and minerals sector, which includes reserves of copper, gold, and lithium. The forum

Bangladesh

Bangladesh’s consumer prices increased by 9.35% year-on-year in March, slightly higher than the 9.32% increase in February. Food inflation moderated to 8.93%, down from 9.24%

India

The Reserve Bank of India (RBI) cut its key repo rate by 25 bps to 6% at its April meeting, marking consecutive rate cuts. The