Colombia
Colombia reportedly moved to suspend its fiscal rule for three years, according to Blu Radio. The finance ministry declined comment, but Finance Minister Avila had
June 12, 2025
Colombia reportedly moved to suspend its fiscal rule for three years, according to Blu Radio. The finance ministry declined comment, but Finance Minister Avila had
Brazil’s annual inflation eased to 5.32% in May, in line with expectations. Monthly inflation was 0.26%, reducing rate hike bets, though officials still flagged risks.
Argentina’s bonds rallied after the central bank introduced measures to boost USD reserves and clean up its balance sheet, including allowing USD bond purchases, scrapping
Zambia’s finance minister projected 6% GDP growth in 2025, citing good rainfall and rising metal production. This would mark the fastest growth since 2021 as
Zambia secured a staff-level deal with the IMF, unlocking USD 194 mln once approved. Growth is expected at 5.8% in 2025, driven by strong agriculture,
Namibia planned to raise USD 122 mln domestically to partially refinance its USD 750 mln Eurobond maturing in October, using a sinking fund for the
Mozambique’s GDP shrank 3.9% YoY in Q1 2025, down from -5.7% in Q4 2024, due to political tensions and weather shocks. May inflation rose marginally
Kenya’s central bank cut rates by 25 bps to 9.75% for a sixth straight time, citing subdued inflation (3.8% in May) and the need to
Iraq’s economy faced FX risks due to foreign control over banking transfers, with Jordanian and Gulf-linked banks handling a major share of USD flows. Expert
Ghana urged the US to renew AGOA beyond its 2025 expiry, citing trade and investment benefits, especially in textiles. Ghana voiced concern over Trump’s new
Ethiopia planned to boost 2025–26 spending by 34% to 1.928 tln birr, with a budget deficit of 2.2% of GDP. Revenues are expected to rise
Mongolia’s CPI rose 8.3% YoY in May, led by higher food and import prices. Meat prices increased 8.3%, housing and utilities jumped 21.5%, and imported
Kazakhstan’s crude oil exports were projected to remain near record highs in July, with CPC Blend shipments from Russia’s Black Sea port estimated at 1.65–1.75
The European Union proposed a new sanctions package against Russia, including banning Nord Stream pipelines, cutting 22 banks from SWIFT, slashing the oil price cap
Russia launched deadly drone attacks on Kyiv and Odesa, hitting residential areas, a maternity ward, and first aid stations. President Zelenskiy demanded stronger action from
Pakistan’s climate minister accused India of manipulating Indus River flows, claiming water from the Chenab River was reduced by 90% to harm Pakistani agriculture. Both
Pakistan unveiled a budget targeting a 2.4% primary surplus of GDP, above the IMF-agreed 1.6%, by slashing spending and raising taxes. Asset prices remained strong,