Peru
Peru’s Q1 GDP grew 3.9% YoY, slower than 4.9% in Q4 but marking the fifth straight expansion. Growth was driven by domestic demand (+4.4%) and
May 26, 2025
Peru’s Q1 GDP grew 3.9% YoY, slower than 4.9% in Q4 but marking the fifth straight expansion. Growth was driven by domestic demand (+4.4%) and
Paraguay held its key rate at 6% for the 14th consecutive month, citing stable inflation expectations within its 3.5% ±2% target. Inflation eased to 4%
Costa Rica’s trade deficit narrowed to USD 160 mln in April from USD 532 mln YoY. Exports rose 18% YoY and imports fell 5%. Jan–Apr
Costa Rica launched diplomatic talks with the US to secure exemption from the 10% blanket tariff imposed in April. A delegation led by Trade Minister
Zambia held its policy rate at 14.5%, citing falling inflation (16.5% in April vs. 16.8% in March). The central bank said the stance remains appropriate
Uganda signed an USD 800 mln IsDB financing deal for health, transport, and energy projects, including a rail link to Kenya’s SGR and Mombasa port.
South Africa’s budget revisions suggest higher infrastructure spending and rising fiscal risks. Fitch says fiscal forecasts have weakened slightly and warned of spending pressure from
Sierra Leone has recorded 3,011 mpox cases and 14 deaths YTD, a 47% surge in 10 days. The virus has spread across all regions. WHO
Nigeria’s bond strategy saw Barclays recommend switching from 2049 to 2033 dollar bonds to capitalize on better curve rolldown and relatively high mid-curve spreads. Nigeria’s
Namibia’s LT FC rating was affirmed at ‘BB-’ with stable outlook by Fitch, citing strong governance and a robust non-bank financial sector. GDP growth is
Morocco attracted USD 1 bln in FDI in Q1 2025—a 63% YoY surge, sustaining strong growth momentum.
Islamic Development Bank pledged to expand 2025 support to SSA countries as US/EU aid declines. It has already approved USD 5.5 bln for projects in
Ghana held its policy rate at 28%, with inflation easing to 21.2% in April and expected to return to the 6-10% target band by Q1
Egypt is negotiating LNG supply contracts through 2028, having received 14 offers for 18-month to 3-year deals. Imports could rise to USD 3 bln/month in
Angola’s central bank held its policy rate at 19.5% for a sixth straight meeting, citing falling inflation and Kwanza stability. The central bank may revise
Algeria secured USD 3 bln from the Islamic Development Bank to expand railway infrastructure and improve competitiveness, signed during the IsDB annual meetings.
Uzbekistan’s foreign trade turnover rose 16.0% in annual terms during January-April, to USD 24.6 bln. Exports rose more than a third, while imports only rose
Kazakh Energy Minister Akkenzhenov has said his country will likely exceed its original oil output plans for 2025 of 96.2 mln tons, due to expansion
Georgia has suspended the re-exports of cars by Russian and Belarusian citizens, addressing a loophole which had allowed goods to be sent to third countries,
The EU is drafting measures to financially and politically isolate leaders in Bosnia’s Republika Srpska, including sanctions and a travel ban against officials. This includes
US-China relations remain engaged as Deputy Secretary of State Landau and Chinese Vice Foreign Minister Ma Zhaoxu held a call. They reaffirmed ongoing communication post-trade
Thailand’s trade deficit widened to USD 3.3 bln in April from USD 1.64 bln a year earlier, sharply exceeding forecasts. Exports rose 10.2% YoY, while
Nepal’s foreign trade rose 18.4% in the first 10 months of FY2024/25 to Rs 1,692 bln. Imports made up 87.1% of the total while exports
China’s Premier Li Qiang told Chinese firms in Indonesia that Beijing is ready to absorb external shocks and sustain recovery via macro policy adjustments. He