Peru
Peru’s President Boluarte promoted Justice Minister Eduardo Arana to Prime Minister after a failed cabinet reshuffle. Finance Minister Raul Perez-Reyes was reappointed.
May 15, 2025
Peru’s President Boluarte promoted Justice Minister Eduardo Arana to Prime Minister after a failed cabinet reshuffle. Finance Minister Raul Perez-Reyes was reappointed.
Costa Rica concluded the 2025 Article IV consultation with the IMF. The country requested a USD 1.5 bln two-year Flexible Credit Line (FCL), which it
Argentina’s inflation slowed to 2.8% MoM in April, below expectations. The peso strengthened within bands introduced in April. Annual inflation is seen at 31.8% in
Zimbabwe’s first USD-denominated real estate investment trust (REIT), Eagle REIT, will list on the Victoria Falls Exchange seeking USD 62 mln. Property stocks attract demand
Nigeria launched a digital banking gateway for non-resident citizens (NRBVN), targeting USD 1 bln/month in remittances. Governor Cardoso announced the initiative via the central bank’s
IMF will assess Kenya’s debt sustainability to determine eligibility for a new program. Kenya needs USD 26 bln over 10 years for maturing external debt
Botswana’s inflation slowed to 2.3% YoY in April from 2.8% in March. MoM inflation accelerated to 0.8% from 0.2% in March.
Serbia lowered its 2025 growth forecast to 3.5% from 4.5%, citing Q1 weakness, disruptions in EU auto sectors, and broader uncertainty. Inflation remains within target,
Kyrgyzstan’s GDP growth forecast was kept at 7% for 2025 by the EBRD. Growth remained strong in early 2025, supported by industry and public capital
Azerbaijan’s GDP reached AZN 39.31 bln in Jan–Apr 2025, up 0.9% YoY. The non-oil sector grew 3.3%, while oil and gas fell 3.5%. Industry led
President Trump downplayed his attendance at Turkey peace talks, citing scheduling. Ukrainian President Zelenskyy confirmed he will attend to push for negotiations with Putin. Turkish
India proposed retaliatory tariffs on selected US products in response to ongoing US tariffs on Indian steel and aluminum. The move, filed at the WTO,
The IMF disbursed a USD 1.023 bln second tranche to Pakistan under the EFF program. The transfer will be reflected in FX reserves for the
China suspended export curbs on rare earths and military-use goods for 28 US entities as part of a trade truce. Meanwhile, Trump reaffirmed that any
Bangladesh will move to a market-based exchange rate regime, central bank Governor Ahsan H. Mansur said. The exchange rate reflects stronger exports, fiscal restraint, and
The EUR rose above USD 1.12, buoyed by a weaker dollar after a surprise decline in US inflation and heightened investor caution surrounding US-China trade