Honduras
Last week, IMF staff and Honduras reached a staff-level agreement on the third review of the EFF/ECF programs. Board approval, expected in June, would release
April 15, 2025
Last week, IMF staff and Honduras reached a staff-level agreement on the third review of the EFF/ECF programs. Board approval, expected in June, would release
US Treasury Secretary Scott Bessent expressed confidence that Argentina will repay its USD 18 bln China currency swap if reforms continue. His visit signals US
Argentina’s peso depreciated 11% to 1,195 per USD after the government lifted most FX restrictions under its new USD 20 bln IMF program. Sovereign bonds
South African President Cyril Ramaphosa appointed Mcebisi Jonas as special envoy to the US to repair strained bilateral ties. Jonas will lead diplomatic engagement and
Egypt’s real GDP growth is projected to accelerate to 4% in FY2025 and 4.7% in FY2026, helped by recovering confidence and real income gains, Fitch
Botswana plans to open talks with the US to address the 37% tariffs imposed by President Trump on exports such as beef and diamonds. Trade
The US and Iran are expected to hold a second round of nuclear talks in Rome on Saturday after last weekend’s meeting in Oman. Diplomatic
Foreign Ministers of Armenia and Azerbaijan met in Turkey over the weekend, and it was reported that both parties expressed “readiness to continue the dialogue”.
Armenia’s economic growth slowed during the first two months of this year, with activity expanding 4.1%, compared to GDP growth of 5.9% in 2024. The
Chinese President Xi Jinping urged Vietnam to jointly resist “unilateral bullying” and support global trade stability. The two sides signed 45 deals covering connectivity, AI,
Pakistan’s remittances surged 37% YoY to a record USD 4.1 bln in March, according to the State Bank. This beats the previous USD 3.16 bln
Laos’ economy is projected to grow by 3.9% in 2025 and 4.0% in 2026, supported by logistics and tourism, according to the ADB. The central
Crude oil prices dropped to USD 61/barrel on Monday, fluctuating as news of potential looser restrictions on Iranian crude clashed with a temporary US tariff