Mexico
Mexico’s central bank cut its benchmark rate by 50 bps to 8%, citing economic headwinds and uncertainty over trade policies such as Trump’s proposed tariffs. The
June 27, 2025
Mexico’s central bank cut its benchmark rate by 50 bps to 8%, citing economic headwinds and uncertainty over trade policies such as Trump’s proposed tariffs. The
Bolivia was downgraded by S&P to CCC- from CCC+ amid rising concerns over debt repayment capacity and external liquidity risks. Political gridlock is hampering macroeconomic stabilization.
Argentina’s farmers are rushing soy and corn export registrations ahead of President Milei’s tariff relief expiry. Over 2.5 mln metric tons were licensed in a single
Zambia plans to borrow an additional ZMW 14.8 bln (USD 624 mln) from domestic markets and raise ZMW 4.9 bln in new taxes to offset a
Zambia’s inflation slowed to a 14-month low of 14.1% YoY in June, helped by a rallying kwacha and lower import costs. Copper output rose nearly 30%
UK scrapped a mega-project to import solar and wind power from Morocco via undersea cables, citing strategic misalignment and high risks. Xlinks, the British company behind the
South African President Ramaphosa dismissed Deputy Trade Minister Andrew Whitfield (Democratic Alliance) without explanation, prompting backlash from the DA, which demanded equal accountability for ANC ministers
Nigerian President Tinubu signed four tax reform laws aimed at boosting government revenue to 18% of GDP by 2030. The changes reduce taxes for low-income groups
Nigeria’s pre-tax profit growth for banks is expected to slow to 5.7% in 2025 from 18.6% in 2024 due to stricter provisioning rules for non-performing loans.
Ghana’s parliament approved a USD 2.8 bln debt restructuring deal with 25 creditor nations, including China and France, aiming to reduce debt-to-GDP to 55% by 2026
Israel estimated the cost of its 12-day war with Iran at ILS 10 bln (USD ~2.7 bln) for reconstruction, though total damages may reach USD 12
The Development Bank of Kazakhstan will issue an additional USD 500 mln in five-year Eurobonds at a 5.625% coupon, maturing April 7, 2030. The senior unsecured bonds,
Ukraine’s state railway Ukrzaliznytsia hired Rothschild & Co to manage its mounting debt, including USD 703 mln in bonds maturing July 2026, as cash reserves plunged
Russian banking officials warned of a credible risk of a systemic banking crisis within 12 months, as bad debt mounts across corporate and retail clients, likely
According to Bloomberg analysts, Sri Lanka’s rupee is expected to depreciate ~4% over the next six months, driven by a narrowing inflation-adjusted interest-rate differential with the US
Pakistan’s Prime Minister Shehbaz Sharif and US Secretary of State Marco Rubio held a “warm and cordial” discussion, agreeing to deepen trade ties and cooperation on
China purchased a rare 30,000-ton shipment of soybean meal from Argentina at USD 360 per ton, including freight, to reduce reliance on US crops amid the