Dominican Republic
Dominican Republic’s reserves rose to USD 15.1 bln in April, up 2.1% MoM and USD 1.6 bln YTD. The increase, driven by a USD 3
May 8, 2025
Dominican Republic’s reserves rose to USD 15.1 bln in April, up 2.1% MoM and USD 1.6 bln YTD. The increase, driven by a USD 3
Costa Rica’s BCCR revised growth forecasts downward to 3.6% for 2025 and 3.8% for 2026, from 4.1% and 4.0%, citing weaker agricultural exports and the
Colombia committed to publishing a mid-year fiscal plan in June, aiming to rebuild investor trust and reduce the premium on sovereign debt. The plan was
Brazil raised the Selic rate 50 bps to 14.75%, the highest since 2006, as inflation expectations remained above target through 2028. The move followed recent
Tanzania banned foreign currency use in local transactions to support the shilling, which had depreciated over 10% YTD amid rising import bills and infrastructure-related debt.
South Africa launched second-phase economic reforms, announced by President Ramaphosa to boost long-term growth. Measures aimed to strengthen municipal governance, expand digital access, and scale
Nigeria announced plans to sell USD 186 mln in green bonds across two naira tranches in 2025—NGN 50 bln in two weeks and NGN 250
Kenya’s FX market equilibrium appeared likely to persist, according to Citibank, which projected the KES to remain around 129–130/USD into 2026. The shilling had stabilized
A presidential decree in Uzbekistan has dismantled several energy monopolies in the country, as part of reforms designed to help liberalize the economy and meet
The IMF completed its Article IV assessment of North Macedonia, in which it commended the central bank’s efforts to contain inflation, while calling for fiscal
In Ukraine, a three-day ceasefire is planned to start, a spokesperson for the Kremlin announced. Russia added that is would respond militarily in case of
Vietnam urged firms to buy more US goods to help narrow the USD 124 bln trade gap, according to Trade Minister Nguyen Hong Dien. Vietnam
Sri Lanka’s policy rate likely peaked, according to Bloomberg analysts, as the Central Bank kept rates on hold at 8% in January and March. With
India–Pakistan tensions escalated after India launched “precise and restrained” strikes in response to a deadly attack in Kashmir. Pakistan condemned the strikes as an “act