Dominican Republic
The Dominican Republic’s sovereign rating was upgraded by Moody’s to Ba2 from Ba3 with a stable outlook, citing high growth, policy improvements, and strong FDI,
August 4, 2025
The Dominican Republic’s sovereign rating was upgraded by Moody’s to Ba2 from Ba3 with a stable outlook, citing high growth, policy improvements, and strong FDI,
Costa Rica’s Daniel Oduber Airport runway project faced judicial investigations after structural damage emerged months post-completion, threatening a key tourism hub that saw a 19.4%
Colombia’s central bank held its policy rate at 9.25% in June, with a divided vote: 4 for a hold, 2 for a 50 bps cut,
Zambia’s inflation fell to 15.3% YoY in July, the lowest since 2023, driven by easing food prices and a 21% appreciation of the Kwacha YTD.
Mali, Niger, and Burkina Faso announced plans to jointly create a regional investment bank, contributing 5% of tax revenues to reduce reliance on external donors.
Lesotho’s trade minister said US tariffs have hurt the textile industry, but the government will continue AGOA negotiations and push for lower tariffs during the
The World Bank stated that Kenya has yet to complete key prior actions required for a second DPO loan, including implementing regulations for the Conflict
Egypt-based Breadfast raised USD 10 mln in Series B2 funding led by EBRD and Novastar Ventures, valuing the firm at nearly USD 400 mln, with
Egypt signed a new offshore gas exploration deal with Eni and BP in the Temsah block, aiming to raise domestic gas output and support its
In its monthly FX market update for July, the Kazakh central bank stated it sold USD 125.6 mln in direct FX interventions (on July 30),
Kazakhstan’s annual inflation was 11.8% in July, in line with the previous month. The next central bank meeting is set for August 29, and while
Fitch Solutions maintained their 2025 growth forecast for Azerbaijan at 2.6%, as diversification into non-oil sectors such as mining and construction helps offset declining oil
Sri Lanka’s DFCC Bank announced a 10-year GSS bond issue to raise LKR 10 bln (approx. USD 30 mln), with proceeds to fund sustainable projects;
Pakistan needed to arrange USD 10 bln in net financing for FY26, with USD 25.9 bln in total debt servicing needs; FX reserves were projected
Laos and Myanmar were hit with 40% US import tariffs under Trump’s revised trade policy, the second-highest globally after Syria, despite low trade volumes; concerns
India faced backlash from business leaders after President Trump’s surprise 25% tariffs and harsh rhetoric, with critics calling it a “blunt-force political message” and questioning