Day: May 2, 2025

Venezuela

Venezuela’s Vice President Delcy Rodríguez asked Chinese officials to increase oil purchases during a visit to Beijing last week, amid rising US pressure. China, already

Peru

Peru’s central bank is expected to cut its benchmark rate to 4.5% from 4.75% on May 8, according to Bloomberg analysts. The move is supported

Haiti

IMF management approved the first review of Haiti’s Staff-Monitored Program (SMP), designed to help establish a policy track record toward potential Upper Credit Tranche financing.

Zambia

Zambia extended emergency electricity tariffs until July 31 to cover rising costs of power imports, as low water levels at key dams persist despite improved

Egypt

Egypt should be cautious in easing rates further amid global uncertainty from US tariffs, the IMF warned. Egypt made its first rate cut in nearly

Uzbekistan

Franklin Templeton has taken over as manager of the Uzbekistan National Investment Fund (UzNIF), and is aiming to list USD 1.7 bln of Uzbek state

Tajikistan

Tajikistan’s central bank has cut interest rates by a further 50bp, to 8.25%, the second cut of 2025. Inflation remains at the lower end of

Kazakhstan

Kazakhstan’s current account balance moved to a USD 670 mln surplus in Q1 2025, from USD 1.78 bln deficit in the previous quarter. The improvement

Ukraine

Officials from Ukraine and the US have signed an agreement to create a Reconstruction Investment Fund in Ukraine, following extended negotiations. This agreement will give

Nepal

Nepal’s economy is projected to grow 3.99% at basic prices and 4.61% at purchasers’ prices in FY2024/25, missing the government’s 6% target, according to the

Indonesia

Indonesia’s inflation rose to 1.95% YoY in April, from 1.03% in March, according to Statistics Indonesia. Core inflation reached 2.50%, signaling a modest pickup in

India

India’s rupee surged to a seven-month high, with USD/INR dropping as much as 0.9% to 83.7538 on Friday, driven by optimism over US-China trade talks

China

China’s Commerce Ministry said it is assessing the possibility of trade talks with the US, after Washington signaled openness to dialogue. Beijing called on the