Day: May 21, 2025

Bolivia

Bolivia’s election board closed candidate registration for the August vote, confirming Evo Morales is ineligible under constitutional term limits. His backup party lacked legal status.

Argentina

Argentina’s trade surplus fell to USD 204 mln in April, down USD 1.6 bln YoY, as imports surged 37.2% YoY due to capital and consumer

Tanzania

Tanzania postponed its first oil and gas licensing round since 2014 to 2026, citing the need for regulatory approvals. The round was initially planned for

South Africa

South Africa’s government is offering Elon Musk a workaround to Black-ownership rules to launch Starlink, proposing infrastructure and rural access initiatives instead of equity. The

South Africa

South Africa reaffirmed its commitment to macroeconomic stability following S&P’s BB-/BB rating affirmation with a positive outlook. The Treasury emphasized investment in infrastructure, fiscal stabilization,

Syria

Saudi Arabia and Qatar jointly helped Syria clear arrears to regain access to IDA loans, facilitating World Bank engagement amid ongoing reconstruction and financial normalization

Nigeria

Nigeria’s central bank held its key rate at 27.5% pending clearer inflation data and stabilization post-US tariffs. Inflation remains elevated amid naira depreciation and recent

Kenya

Kenya plans to raise KES 45 bln (USD 348 mln) via a 15-year, 15.04% asset-backed security to finance the Talanta Sports City stadium. The bond

Ghana

Ghana is in a dispute with Afreximbank over USD 768.4 mln in liabilities. Ghana wants the debt included in restructuring, while the bank claims preferred

Ghana

Ghana’s Ministry of Finance announced that foreign reserves hit a record in April, boosting the cedi’s strength. GoldBod, Ghana’s new gold reserve authority, has begun

Saudi Arabia

Egypt-based Morpho Investments raised USD 55 mln in initial financing and launched agriculture and healthcare projects in Saudi Arabia, Oman, and along the Nile. The

Kyrgyz Republic

In Kyrgyzstan, the government plans to implement investment projects worth USD 1.7 bln this year, across 128 different projects. The terms of funding will be favorable

Georgia

Economic growth in Georgia is expected to decelerate over the coming years, but still remain at a high pace of 5-6% in 2025 and 2026,

Albania

Albania is expected to maintain strong growth over the coming years, supported by domestic demand and recovering exports, according to the European Commission. Following growth

Russia

President Trump spoke with President Putin on Monday, discussing de-escalation in Ukraine and the normalization of diplomatic relations. Trump commented that “Russia and Ukraine will

Pakistan

Pakistan’s economy grew 2.4% YoY in Q3 FY2024–25, supported by services (+3.99%) and agriculture gains, offsetting industrial contraction. Strongest service sub-sectors included ICT (+18.4%), finance

Malaysia

Malaysia’s trade surged 18.2% YoY in April to MYR 261.9 bln, the highest since August 2022, driven by strong demand for commodities, electronics, and US