Paraguay
Paraguay’s central bank analysts expect the central bank to hold rates at 6% through 2025. The end-2026 rate forecast rose to 5.63%, with inflation seen
May 20, 2025
Paraguay’s central bank analysts expect the central bank to hold rates at 6% through 2025. The end-2026 rate forecast rose to 5.63%, with inflation seen
Bloomberg analysts noted that LATAM equities are outperforming globally YTD amid political stability, continued remittance inflows, rate cuts, and strong trade fundamentals. Analysts highlighted Brazil’s
Tanzania delayed its first oil and gas licensing round in a decade to 2026. The round was planned for the Africa Energies Summit last week.
Sub-Saharan central banks are expected to begin easing policy in the coming weeks as inflation eases, per IMF projections. Egypt, South Africa, Kenya, Mozambique, Eswatini,
South Africa’s government bonds outperformed EM peers, returning 3.7% MoM in USD terms, buoyed by high yields and optimism over fiscal credibility and SARB’s policy
Kenya received USD 422.9 mln in remittances in April, up 6.4% YoY. Inflows over the past 12 months reached USD 4.99 bln (+12.1% YoY), supporting
Israel plans a full takeover of Gaza, according to PM Netanyahu, as the military prepares for an “unprecedented” offensive against Hamas. Aid deliveries will resume
Egypt will likely receive USD 1.3 bln from the IMF in June upon completing its fifth review. Deputy Managing Director Nigel Clarke praised Egypt’s FX
The Islamic Development Bank is in talks to provide Algeria USD 3 bln over three years to fund railway projects, including a north–south link. A
In Serbia, FDI during the first quarter of 2025 fell 55% compared to a year earlier, as political unrest and slowing growth compressed investor sentiment.
Mongolia’s GDP grew 2.4% in annual terms during the first quarter of 2025, according to the national statistics office. Growth had been slowing in recent
North Macedonia is set to receive up to USD 6.6 bln funding from the UK to support investment in infrastructure and other sectors, Prime Minister
Kazakhstan plans to roll over its Eurobonds maturing in July, with the new issuance being of at least USD 2.5 bln. The maturing bonds are
Thailand lowered its 2025 GDP forecast to 1.3–2.3% due to the global trade war. Exports are now expected to grow just 1.8%, while private investment
Philippines posted a USD 2.6 bln balance of payments (BoP) deficit in April, up from USD 639 mln a year earlier, as the government drew
India is negotiating a phased trade deal with the US and aims to finalize an interim agreement before Trump’s reciprocal tariffs begin in July, per
China’s 10Y government bond yield slipped to 1.67%, near three-month lows, after the PBoC cut key lending rates for the first time in seven months.