Guatemala
Guatemala’s overseas remittances fell to USD 1.985 bln in April from USD 2.004 bln in March, though still up 7.4% YoY. This marks a notable
May 6, 2025
Guatemala’s overseas remittances fell to USD 1.985 bln in April from USD 2.004 bln in March, though still up 7.4% YoY. This marks a notable
Colombia’s President Gustavo Petro announced plans to sign a letter of intent to join China’s Belt and Road Initiative during his upcoming meeting with President
Argentina’s Economy Ministry paid USD 12 bln in cash to the central bank for a series of non-transferable notes maturing in June 2025, April 2026,
Mozambique and the IMF agreed to terminate their USD 456 mln ECF program (USD 273 mln disbursed) to better align with the new government’s priorities.
Kenya’s economy grew 5.1% YoY in Q4 2024 (vs 6.1% YoY in Q4 2023), bringing full-year growth to 4.7%. Ruto’s government abandoned tax hikes and
Standard Bank Group plans to expand its asset management business in East Africa, targeting Kenya and Uganda. The bank aims to become a top-six asset
Uzbekistan’s annual GDP growth was 6.8% in the first quarter of 2025, up from 6.5% in the previous quarter. This was driven by strong growth
Kyrgyzstan’s central bank has sold USD 159 mln in a second currency intervention this year, bringing the total interventions this year to USD 237 mln.
Kazakhstan’s Energy Ministry has said it remains committed to the OPEC+ oil production agreement, despite continuing to exceed its quota in recent months. Revenues for
The IMF has commented that Azerbaijan and Kazakhstan’s public debt levels remain relatively low, but the Caucasus and Central Asia region faces risks from global
Armenia’s central bank held its policy rate at 6.75%, the second pause in the easing cycle that began in June 2023. Further, annual inflation was
President Trump has said that low oil prices can help to increase pressure on Russian state finances, supporting a higher chance of peace in Ukraine.
Vietnam’s trade surplus narrowed sharply to USD 577 mln in April from USD 1.64 bln in March, below expectations. Exports rose 19.8% YoY to USD
Nepal’s economy is projected to grow 4.4% in FY2025, up from 3.9% in FY2024, according to ADB’s April 2025 Outlook. Growth will be driven by
China’s offshore yuan fell to around 7.21 per USD after the PBoC announced 10 bps cuts to key lending rates and a 50 bps reduction