Peru
Peru’s business leaders remained short-term optimistic, but 12-month expectations weakened ahead of 2026 elections. BCRP projects 4.1% private investment growth in 2025, down from 8.8%
June 11, 2025
Peru’s business leaders remained short-term optimistic, but 12-month expectations weakened ahead of 2026 elections. BCRP projects 4.1% private investment growth in 2025, down from 8.8%
Costa Rica’s inflation fell -0.4% MoM in May, the fourth straight decline, driven by a 1.6% drop in food prices. Annual inflation dropped to -0.1%,
Colombia’s bonds and peso fell on fears the government may suspend its fiscal anchor amid rising deficits and oil revenue concerns, raising downgrade risks flagged
Colombia’s finance minister said there’s room for up to 400 bps in rate cuts to stimulate growth and lower debt servicing costs. He criticized the
Bolivia’s inflation spiked to 3.9% MoM in May (18.5% YoY), driven by food, clothing, and maintenance costs, with inflation pressures worsened by FX depreciation, import
Zambia’s USD 45 mln Afreximbank loan will be restructured despite the lender claiming multilateral status. Treasury Secretary Nkulukusa emphasized its commercial nature, distinguishing it from
South Africa’s rand continued its recovery, with USD/ZAR trading below 17.80. While a short-term rebound is possible, medium-term ZAR outlook remains constructive due to expected
South Africa’s gross reserves rose 0.8% MoM to USD 68.12 bln in May, driven by stronger FX reserves and gold prices. FX reserves rose to
Mauritius announced temporary tax hikes and spending cuts, introducing a “fair-share contribution” on high earners and levies on profitable sectors to stabilize finances and cut
Ghana’s central bank posted a GHS 9.49 bln (USD 930 mln) loss in 2024 due to rising expenses and FX-related costs but reported improved equity.
Egypt revamped the Pyramids of Giza with a USD 30 mln investment, launching a car-free plateau, new gate, cafes, and modern facilities on July 3
Botswana’s Debswana Diamond Company paused production at Jwaneng Cut 9 and Orapa mines due to weak global demand, slashing output by 27% in 2024 and
The Trump administration is pressuring Serbia and other Balkan countries to accept deported US migrants as part of a broader strategy, with Serbia a key
Kazakhstan’s central bank held its policy rate at 16.5% and signaled it will likely stay at that level through end-2025 as inflation surged to 11.3%
Germany’s SEFE is finalizing a 10-year deal with Azerbaijan’s Socar to purchase up to 15 TWh of gas annually, with deliveries expected via the Trans
Russia and Ukraine launched their largest prisoner exchange to date, beginning with detainees under 25 after prior delays; the move was confirmed by Ukraine’s president
United States President Trump’s openness to letting the Russia–Ukraine war continue has stalled Senate plans for new sanctions. Europe is proceeding with tighter Russian restrictions,
Vietnam’s exports rose USD 22 bln YoY in the first five months of 2025, driven by electronics and garments, with U.S.–Vietnam trade talks accelerating as
The World Bank forecasts Sri Lanka’s economy to grow 3.5% in 2025 after a 5% rebound in 2024, driven by IMF program traction and some
Nepal’s 2025-26 budget has drawn mixed reviews for lacking structural reforms, though it prioritizes agriculture, education, and infrastructure; GDP growth is estimated at 4.6% for
Myanmar’s economy remains in freefall post-coup, with FY24-25 GDP down ~1% after an 18% drop in 2021; inflation remains high, poverty affects 77% of households,
Laos’ economy grew 4.5% YoY in Q1 2025, led by agriculture (+3.1%) and services (+4.7%), while customs revenue rose 4.3%; ADB forecasts 3.9% growth for
India’s central bank cut the repo rate by 50 bps to 5.5% on June 6 and lowered the CRR by 1 percentage point to stimulate
Bangladesh’s government continues to advance major infrastructure projects including the Padma Bridge, Matarbari Port, and Dhaka Metro, with the Padma Bridge alone expected to add
Afghanistan and China’s CAPEIC signed a resource deal worth USD 150 mln in 2023, expected to scale to USD 540 mln by 2026, targeting oil