Month: August 2025

Peru

Peru’s bond issuance between January and August 2025 reached PEN 52.8 bln (USD 14.5 bln), equal to 4.6% of GDP, according to the finance ministry.

Colombia

Colombia’s 2061 bonds rallied more than 3 cents to nearly 60 cents on the dollar, the highest since September 2024, after a group of major

Brazil

Brazil’s President Lula saw his approval slip to 48% in August, down two points from July, while polls showed him trailing Sao Paulo Governor Tarcisio

Zambia

Zambia’s inflation eased to 12.6% in August from 13% in July, the lowest in almost two years, helped by currency strength reducing import costs. Food

Tanzania

Tanzania’s electoral commission disqualified the presidential candidate of the second-largest opposition party from October elections, leaving President Samia Suluhu Hassan to face smaller rivals. Hassan

Mozambique

Mozambique signed a USD 20 bln strategic agreement with Qatari group Al Mansour Holding, to be invested across agriculture, energy, infrastructure, health, education, and tourism.

Egypt

Egypt cut rates by 200 bps, lowering the benchmark deposit rate to 22% and lending rate to 23%, its first reduction since May. The central

Russia

Kazakhstan confirmed that crude exports via the Baku-Tbilisi-Ceyhan pipeline were halted this month due to contamination in Azerbaijani oil, and said talks are underway to

Bosnia and Herzegovina

Bosnia’s electoral commission has scheduled a presidential election in Republika Srpska for November, to replaced banned RS leader Milorad Dodik, who was removed for defying

Ukraine

Russian strikes on Kyiv, Ukraine, killed at least 18 people and injured dozens more in one of the largest attacks this year, despite US and

Vietnam

Vietnam’s decision to liberalize its gold market could help slow dong depreciation, MUFG said. Analyst Michael Wan noted the local premium over global gold prices

Thailand

Thailand’s bond rally is expected to lose momentum as most rate cuts are already priced in, according to Aberdeen. The 10-year yield has dropped to

Sri Lanka

Sri Lanka’s central bank repaid USD 900 mln to the RBI and USD 209 mln to the IMF in the year to March 2025, official

Guatemala

Guatemala’s monetary authority cut its benchmark rate by 25 bps to 4.25%, citing inflation below the 3%-5% target band and subdued forecasts. Officials revised 2025

Brazil

Brazil’s real weakened past 5.44 per USD as inflation pressures and a stronger dollar hit EM currencies. Mid-August inflation came in at 4.95% YoY, above

Argentina

Argentina’s government is defending the peso ahead of a debt auction to refinance ARS 9 tln in maturities. Authorities are selling peso notes and dollar-linked

Nigeria

Nigeria’s national oil company NNPC reported that pipeline theft has been nearly eradicated, with receipts approaching 100% and oil output rising to 1.8 mbpd, the

Kenya

Kenya is negotiating new borrowing from the Trade and Development Bank to refinance a KES 51.6 bln (USD 400 mln) syndicated loan maturing next month.

Jordan

Jordan will receive EUR 500 mln (USD 581 mln) in macro-financial assistance from the EU over 2.5 years, part of a EUR 3 bln partnership

Ghana

Ghana’s central bank scaled back its dollar sales after IMF concerns over excessive FX intervention. The bank had injected more than USD 2 bln into

Angola

UAE and Angola signed a comprehensive economic partnership agreement (CEPA) aimed at raising non-oil trade above USD 10 bln annually by 2033, while adding USD

Serbia

The US Treasury has postponed sanctions on Serbia’s Gazprom Neft–owned oil company NIS for another month, marking the sixth extension, while Serbian officials stress stable

Moldova

Germany, France, and Poland used a visit to Moldova to back President Maia Sandu and warn against rising pro-Russian influence in next month’s elections, stressing

Pakistan

Pakistan’s central bank purchased USD 7.76 bln from the FX market between June 2024 and May 2025 to stabilize reserves and the exchange rate. Interventions

India

India’s rupee stabilized near 87.61 per USD on Thursday after five consecutive sessions of losses, supported by suspected RBI dollar sales and a softer greenback.

India

India’s refiners, among the largest buyers of Russian crude, are planning to reduce purchases to 1.4–1.6 mln bpd from October, down from 1.8 mln bpd

Bolivia

Bolivia’s natural gas production continued its multi-year decline, falling 17% YoY in H1 2025 to 5.1 bcm. Exports dropped sharply from 9 mln tons in

Uganda

Uganda recorded a July 2025 budget deficit of UGX 1.46 tln, below the UGX 1.66 tln projection, according to finance ministry data. Revenues and grants

South Africa

South Africa’s Airports Company (ACSA) announced plans to spend 21.7 bln rand on infrastructure in the next 12 months, funding half via capital reserves and

Nigeria

Nigeria is finalizing reforms to increase pension fund investment in infrastructure and private equity from the current 5%, according to the National Pension Commission. A