Peru
Peru’s central bank cut its 2025 hydrocarbon sector growth forecast to 4% from 5.5%, citing Q1 output declines and infrastructure damage from heavy rains that led
June 25, 2025
Peru’s central bank cut its 2025 hydrocarbon sector growth forecast to 4% from 5.5%, citing Q1 output declines and infrastructure damage from heavy rains that led
Paraguay’s central bank held its policy rate at 6% for the 15th straight month, citing stable inflation, which slowed to 3.6% in May. Analysts expected no
Brazil’s central bank signaled a pause in its rate hikes, keeping Selic at 15%. Officials said rate cuts may begin in December, but warned that higher
Argentina’s intervention in the futures market was permitted under the IMF program, aimed at correcting pricing distortions. Officials reaffirmed they do not intervene in the spot
South Africa said limited fiscal space constrained stimulus, with measures like frozen tax brackets and spending cuts dragging on growth. Authorities argued monetary easing could
Nigeria’s public debt was projected to exceed 60% of GDP by 2030, driven by high domestic borrowing and foreign exposure. Fiscal reforms were expected to
Morocco held its key rate at 2.25%, citing global uncertainty tied to the Israel-Iran conflict and US policy changes. Despite caution, the central bank noted
Kenya launched a reopening of its 20- and 25-year bonds, aiming to raise KES 50 bln between June 24 and July 9. The next fiscal
Angola received USD 500 mln in DFC funding for the Lobito corridor and a USD 3.4 mln grant for rare-earths extraction. The DR Congo sought
Israel and Iran appeared to honor a ceasefire after early breaches, following mediation by US President Trump. The truce shifted focus back to nuclear diplomacy,
Uzbek President Mirziyoyev has appointed his eldest daughter, Saida Mirziyoyeva, to a new role as Head of the Uzbek Presidential Administration. Mirziyoyeva has been a presidential
The Eurasian Development Bank has maintained its growth forecasts for Tajikistan, at 8.4% in 2025, 8.0% in 2026, and 7.1% in 2027, supported by strong domestic
In Georgia, Prime Minister Kobakhidze has announced a cabinet reshuffle, appointing Mariam Kvrivishvili as the new Minister of Economy and Sustainable Development, replacing Levan Davitashvili, who
Ukraine’s state-run energy company Naftogaz has won a USD 1.37 bln arbitration claim against Russia’s Gazprom in Zurich, after accusing Gazprom of not paying for gas
Ukrainian Deputy Prime Minister Chernyshov has been named in a corruption probe, the highest-level official to be implicated in such an investigation under President Zelensky’s government.
Vietnam’s central bank resumed treasury bill sales to mop up excess liquidity and support the dong, selling VND 3.1 trln in 7-day bills at a
Bangladesh’s LPG imports were delayed due to the Israel-Iran war, with vessels stuck at ports in Iraq, UAE, Qatar, and Oman, according to the LPG
Gold fell the most in more than five weeks as Israel and Iran appeared to be honoring a ceasefire agreement, reducing demand for the metal