Peru
UBS sees Peru missing its 2025 deficit target for a third straight year but believes risks to fiscal stability are limited. Debt remains low, and
June 4, 2025
UBS sees Peru missing its 2025 deficit target for a third straight year but believes risks to fiscal stability are limited. Debt remains low, and
Paraguay’s The government is pursuing MoUs with Argentina and Brazil to explore a tri-country natural gas pipeline. Paraguay’s hydro surplus is under threat, so natural
Ugandan Umeme’s claim against the government rose to USD 292 mln, up from USD 234 mln, over its terminated power distribution concession. Talks failed to
South Africa’s central bank is considering moving to a single-point 3% inflation target. This could reduce interest rates and save ZAR 870 bln in debt
This is expected to ease inflation and create space for monetary easing later this year. Kenya and the UAE signed two MoUs to boost use
Ghana’s central bank plans to cap NPL ratios at 10% by 2026, requiring banks to write off fully provisioned unrecoverable loans. Fitch revised its end-2025
The Eastern and Southern African Trade and Development Bank warned that restructuring losses in Ghana and Zambia could damage regional lenders’ capital bases and raise
The World Bank is committing USD 1 bln to support DR Congo’s Grand Inga hydro project. The Inga III stage could generate 11,000 MW at
Serbian President Vucic said inflation likely slowed to 3.8% in May—below 4% for the first time in a year. He also expects 2025 GDP growth
Mongolia’s PM Oyun-Erdene was ousted after losing a confidence vote. The Mongolian People’s Party will likely form a new government alone but faces internal instability
Kyrgyzstan’s government banned transit of Russian timber through its territory, citing misuse of quotas under a 2022 Russian decree on wood exports.
Kazakhstan’s daily oil output dropped 4% in May, mostly due to lower Tengiz production (813,200 bpd, down from 885,000). Output remained above the 1.486 mln
Russia’s Rosselkhoznadzor may ban flower imports via Armenia starting June 16 due to repeated phytosanitary violations in shipments from third countries.
A free trade agreement between Iran and the EAEU (Russia, Armenia, Kazakhstan, Belarus) has taken effect. Tariffs will be removed on 87% of traded goods.
Istanbul hosted a new round of direct peace talks, lasting just over an hour. Russia and Ukraine exchanged documents and prepared for another prisoner swap.
Vietnam signed USD 2 bln worth of MoUs for US agricultural imports during a ministerial visit. Separately, the central bank set the daily dong reference
Pakistan’s May inflation jumped to 3.5% YoY from 0.3% in April, beating both government and market expectations. However, MoM inflation fell 0.2%. Average inflation for
Bangladesh’s taka weakened 0.1% to 122.0509/USD following the interim government’s budget, which warned of slowing growth. The budget aims to narrow the deficit and cut