Day: May 28, 2025

Honduras

Honduras faces a USD 300 mln (0.8% of GDP) lawsuit from EMCO Group for alleged sabotage of Palmerola Airport operations. EMCO claims the government violated

Costa Rica

Costa Rica’s Q1 2025 GDP rose just 0.2% q/q sa, the weakest print since the pandemic, as investment plunged 5.4%. Annual growth slowed to 3.8%

Brazil

Brazil’s 10Y bond yield fell toward 14% after peaking at 4.3% (note: likely a typo, 14% intended throughout), driven by below-consensus IPCA-15 inflation and global

Nigeria

Nigeria’s President Tinubu requested approval to borrow USD 21.5 bln (8% of GDP) from global markets, including EUR 2 bln and JPY 15 bln loans.

Kenya

Kenya’s growth is expected to slow to 4.5% in 2025 from 4.7% in 2024, according to the World Bank, citing tight finances and high debt.

DR Congo

DRC’s 2025 wartime budget was revised to USD 17.2 bln due to rising military costs and falling tax revenues amid the M23 rebel offensive. Revenue

Angola

Angola proposed income tax reforms that would classify anyone residing in the country for more than 90 days in a year (consecutively or not) as

Kazakhstan

Azerbaijan imported 419,500 metric tonnes of oil worth USD 213 mln in Q1 2025, up 1.8x YoY in volume and 1.6x in value. Russia accounted

Russia

Russia was accused by President Trump of “killing a lot of people” and being “absolutely crazy” amid a surge in attacks on Ukraine. Trump is

Philippines

Philippines posted a PHP 67.3 bln budget surplus in April 2025, up from PHP 42.7 bln a year earlier. Revenues dropped 2.8% YoY due to

India

Bangladesh’s economy is estimated to grow just 3.97% in FY25, the slowest pace in five years, dragged by agriculture (1.79% vs 3.3% a year earlier)

Russia

Crude oil prices climbed to USD 61.2/bbl on Wednesday after Trump warned of new sanctions on Russia and blocked Chevron from exporting Venezuelan crude. However,