Colombia
Colombia’s central bank unexpectedly cut its benchmark rate by 25 bps to 9.25%, bowing to political pressure from President Petro. Inflation has eased to 5.1%,
May 1, 2025
Colombia’s central bank unexpectedly cut its benchmark rate by 25 bps to 9.25%, bowing to political pressure from President Petro. Inflation has eased to 5.1%,
Argentina will scrap export taxes on 88% of industrial goods, Economy Minister Luis Caputo announced. Over 4,000 products will be exempt from 3%–4.5% duties. The
Zambia plans to release new regulations by end-Q2 requiring mining companies to prioritize local suppliers, under the new Geological and Minerals Development Act. The government
Tanzania aims to finalize terms with Shell, Equinor, and Exxon Mobil by October for a USD 42 bln LNG facility. Deputy Prime Minister Doto Biteko
Sudan arms trafficking was disrupted by UAE authorities, who seized weapons and military equipment intended for Sudan’s army on a private jet. The UAE, which
South African Finance Minister Enoch Godongwana will present a revised budget to parliament on May 21 due to a ZAR 75 bln revenue shortfall over
Kenya aims to cut its budget deficit to 4.5% of GDP by FY2025/26 as it seeks a new IMF deal after abandoning its USD 3.6
Kenya’s annual inflation rose to 4.1% in April, up from 3.4% in March, driven by a tight supply of key food items. Food and drink
Botswana must cut spending to offset revenue shortfalls driven by a prolonged diamond market slump, Finance Minister Ndaba Gaolathe said. The government is considering reducing
Economic growth in Serbia slowed substantially in Q1 2025, to a 2.0% annual pace, below economist forecasts of 3.5%, and the lowest rate since 2022.
Trade talks between Kazakhstan and the US have begun, on the 27% tariffs that were imposed by the US in early April. Kazakhstan has chosen
Georgia’s annual economic growth moved up to 9.0% in March from 7.7% in February, leading to an average growth rate for the first quarter of
In Armenia, the Eurasian Development Bank expects economic growth to increase in the second half of the year, supported by industrial production. In the first
Ukraine and the US are negotiating the final details of the minerals deal, to give the US access to new natural resource projects in Ukraine.
India and Pakistan tensions remain high after last week’s Kashmir militant attack. The US has urged both countries to de-escalate, amid Indian accusations that Pakistan
Bangladesh kicked off three days of mass rallies in Dhaka on Thursday, led by rival political groups ahead of elections promised by interim leader Muhammad
US 10Y treasury yields held steady near 4.18% on Thursday, as optimism about potential trade deals with China, India, Japan, and South Korea eased demand