Paraguay
Paraguay’s inflation eased to 0.4% MoM in April, down from 1.2% in March, due to falling fuel prices. Annual CPI slowed to 4.0% YoY, slightly
May 5, 2025
Paraguay’s inflation eased to 0.4% MoM in April, down from 1.2% in March, due to falling fuel prices. Annual CPI slowed to 4.0% YoY, slightly
Brazil’s economists cut the 2025 year-end Selic forecast to 14.75% from 15% and lowered the inflation forecast to 5.53%, marking the third consecutive downgrade. A
Namibia will diversify its FX reserves by adding gold, aiming for 3% of total holdings. The move comes amid US tariff risks and declining reserves,
Egypt should be cautious with rate cuts amid global uncertainty, the IMF warned. Following its first rate cut in five years last month, markets expect
Botswana secured a USD 200 mln investment from Austrian investor Cevdet Caner’s NIU Invest to revive the Phoenix Mine, aiming to create over 3,000 jobs
Angola is in talks with the IMF for a new loan, as falling oil prices weigh on revenues. An IMF team will visit this week.
In Kyrgyzstan, company figures for the Kumtor gold mine show nationalizing the mine has not produced revenues for the state in line with expectations. The
Kazakhstan’s annual inflation rose to 10.7% in April, from 10.0% in March, primarily driven by food and services prices. The next central bank policy meeting
Georgia’s inflation moved down slightly in April, with the annual rate at 3.4% compared to 3.5% in March. The central bank will next meet on
Azerbaijan’s non-oil exports rose 14.7% in annual terms during the first quarter of 2025, to USD 772 mln. Food product exports accelerated quite sizably, along
The European Commission will propose a ban on new Russian gas contracts and spot purchases by year-end, with a full ban on pipeline and LNG
Pakistan’s IMF loan program remains on track, according to central bank governor Jameed Ahmad. FX operations are stable, reserves are projected to rise to USD
Nepal’s economy is forecast to grow 3.99% at basic prices and 4.61% at purchasers’ prices in FY2024/25, below the government’s 6% target. The World Bank
Indonesia’s inflation rose to 1.95% YoY in April from 1.03% in March, with the CPI at 108.47. Core inflation stood at 2.5% YoY, according to
India and Pakistan are nearing military conflict after an attack on Indian tourists in Kashmir, delaying India’s trade talks with the US and threatening Pakistan’s
Fiji entered deflation in April, with consumer prices falling 0.9% YoY after rising 1.5% in March, the first decline since July 2021 and steepest since
Bangladesh’s consumer prices rose 9.17% YoY in April, down from 9.35% in March. Food inflation eased to 8.63%, while non-food prices climbed 9.61%. Meanwhile, foreign
Gold climbed to around USD3,260/oz on a weaker USD and hopes for renewed US-China trade talks. Trump signaled Beijing wants a deal, while China demanded