Day: April 29, 2025

United Arab Emirates

Peru is seeking to attract investment from UAE sovereign wealth funds to support infrastructure development and expand trade ties. During an official visit to the

Bolivia

Bolivia’s President Luis Arce announced a 10% hike in the minimum wage and a 5% increase in the base salary following negotiations with labor unions.

Argentina

Investors poured USD 305.2 mln into Latin America equity ETFs last week, as the region’s relative insulation from Trump’s trade war boosted sentiment. Brazil led

Namibia

Namibia’s economy is projected to grow 3.8% in 2025 and 4.0% in 2026, according to the Bank of Namibia. Growth will be led by agriculture,

Egypt

Egypt’s economy is forecast by the World Bank to grow 3.8% in FY 2024/25, up 0.3 pp from its October projection. Growth will be driven

China

President Trump called for US ships to have “free of charge” passage through the Panama and Suez canals, which passes through Egypt to the Red

Angola

Angola’s finance minister held talks with the IMF on potential financing packages amid trade wars and slumping energy prices. Angola is also considering World Bank

Iran

Iran is pitching its economy to the US as a trillion-dollar investment opportunity as it seeks a lasting nuclear accord. Tehran is offering potential cooperation

Uzbekistan

Uzbekistan’s gold exports rose to USD 3.6 bln in Q1 2025, up around a third from the same period last year, supported by record prices

Moldova

Moody’s has affirmed Moldova’s B3 credit rating with a stable outlook. The agency cited high exposure to regional geopolitical risk, given its proximity to Ukraine,

Russia

The US has announced a further delay to sanctions being imposed on Serbia’s national oil refiner NIS. The company is majority owned by Russia’s Gazpromneft,

Kyrgyz Republic

Kyrgyzstan will set new electricity tariffs on 1 May, roughly 24% higher than current levels, as the government endorses a new medium-term tariff policy for

Kyrgyz Republic

The National Bank of the Kyrgyz Republic kept its benchmark rate at 9.00% in April, maintaining the lowest level since January 2022. Inflation remains stable

Azerbaijan

Last week Azerbaijan and China signed a USD 300 mln investment agreement to expand renewable energy partnerships between the two countries. President Aliyev said the

Russia

Over the weekend, President Trump and President Zelensky met briefly in Rome, after which Trump made a rare criticism of President Putin on social media,

Vietnam

Japan and Vietnam reaffirmed their commitment to rules-based free trade during Prime Minister Shigeru Ishiba’s visit to Hanoi. Japan pledged support for 15 energy transition

Pakistan

India and Pakistan tensions are rising after militant attacks in Kashmir, with Pakistan’s Defense Minister Khawaja Muhammad Asif warning that war is possible but could

India

The Reserve Bank of India announced a USD 15 bln debt purchase for May to add liquidity and ease the bond supply-demand imbalance. The 10-year

India

The USD index (DXY) rose above 99.1 on Tuesday as investors tracked global trade developments. China reiterated no trade talks with the US are ongoing,