Peru
Peru’s central bank forecasted 4.5% YoY growth in March, citing more business days vs. 2024. Q1 growth is expected at 4%. The bank recently cut
May 12, 2025
Peru’s central bank forecasted 4.5% YoY growth in March, citing more business days vs. 2024. Q1 growth is expected at 4%. The bank recently cut
Colombia’s President Gustavo Petro’s China visit raised concerns among US-aligned business groups, as it overlaps with sensitive tariff talks. Petro, also representing CELAC, is expected
Argentina’s central bank halted Banco Supervielle’s USD 100 mln dollar bond sale, which would have pressured the peso via parallel markets. The central bank plans
Rwanda’s annual inflation accelerated to 6.6% in April, up from 4.9% in March, its highest since Nov 2023. Food and non-alcoholic beverages rose 8.2%, up
Rwanda projected slower growth of 7.1% in 2025 and 7.5% in 2026, down from 8.9% in 2024. The FY25/26 budget will rise over 20%, driven
Nigeria’s Borno state banned petrol sales in key areas to disrupt a resurgence in jihadist attacks. Governor Babagana Zulum called the move a strategic response
IMF’s Executive Board approved a USD 1 bln disbursement to Pakistan, part of its broader USD 7 bln program. The funds will bolster reserves and
Guinea cancelled Emirates Global Aluminum’s bauxite mining license after the company failed to construct a promised alumina refinery. The decision follows a 7-month export suspension,
Ghana’s long-term foreign-debt rating was upgraded to CCC from SD by S&P, citing progress on debt restructuring. Ghana targets a 3.1% fiscal deficit in 2025
Egypt’s urban inflation rate rose to 13.9% YoY in April, up from 13.6% in March, the highest since January. The CPI rose 1.3% MoM, slowing
Cameroon’s Long-Term Foreign-Currency IDR was affirmed at ‘B’ by Fitch, with a Negative Outlook. The rating reflects resilient growth and a manageable debt schedule, offset
Fitch affirmed Jordan’s rating at ‘BB-‘ with a Stable Outlook, citing macro stability, reform progress, and resilient financing from a liquid banking sector, pension fund,
In Uzbekistan, total FX reserves increased a further USD 1.4 bln to reach USD 49.3 bln at the start of May. This increase came mainly
The Serbian central bank has left interest rates unchanged at 5.75%, in line with expectations. The bank maintained a cautious monetary policy stance amid easing
Inflation in Mongolia slowed to 8.6% in annual terms in April, from 9.1% the previous month. This was mostly due to slower food and drink
EU Enlargement Commissioner Marta Kos has said to Moldovan Prime Minister Recean that she expects the country to join the EU in less than four
Ukraine’s central bank is considering moving its currency from being USD based to EUR based, on the back of In Ukraine, annual inflation in April
Vietnam’s trade ministry criticized the Trump administration’s reciprocal tariff as “unreasonable”, calling on domestic firms to document compliance and lobby US partners. The ministry urged
Sri Lanka secured a USD 1 bln World Bank loan to support agriculture, tourism, and energy over three years as the country recovers from its
India and Pakistan agreed to a full and immediate ceasefire, brokered by the US, following a series of escalating tit-for-tat attacks. While both sides committed