Day: August 19, 2025

Paraguay

Paraguayan Analysts in the central bank’s monthly survey kept their year-end policy rate forecast at 6%, with expectations of 5.75% in December 2026. Inflation forecasts

Brazil

Brazil’s central bank’s economic activity index showed a second consecutive monthly decline in June, reflecting lagged effects of tight monetary policy and new US tariffs.

Zambia

US embassy in Zambia warned over a February toxic waste disaster at a Chinese-owned copper mine. Zambian and Chinese officials estimate 50,000 tons of sludge

Zambia

Zambia’s central bank kept its key rate at 14.5%, maintaining a cautious stance to anchor inflation. SocGen expects the BoZ to keep policy steady into

Zambia

Zambia’s kwacha fell 0.18% to above 23.30 per USD last Friday as demand for FX increased. Bloomberg data suggest limited trading activity could keep the

Tunisia

Tunisia’s economy grew 3.2% y/y in Q2 2025, led by agriculture (+9.8%) and manufacturing (+3.9%). Services rose 1.9%, and domestic demand was up 3.3%. Exports

Nigeria

Nigeria approved a phased plan to refinance 4 tln naira (2.61 bln USD) in electricity sector debt owed to 27 power generation firms from 2015-2023.

Nigeria

Nigeria’s annual inflation slowed for a fourth straight month to 21.9% in July from 22.2% in June. Bloomberg Economics says if this trend holds into

Ethiopia

Ethiopia’s Sovereign Wealth Fund made its first international investment, acquiring a 7.4% stake in Norway’s Akobo Minerals for 3 mln USD. The deal supports new

DR Congo

In DR Congo, a draft peace agreement between the Congolese army and the Rwanda-backed M23 militia has been shared by Qatari mediators under the Doha

Cameroon

Cameroon’s oil production fell 13.6% YoY in 1Q to 4.91 mln barrels, while exports dropped 28% to 378.2 mln USD, according to state-owned SNH. Natural

Botswana

Botswana’s consumer prices rose 1.1% YoY in July versus +2.0% in June, while prices fell 0.7% MoM compared with +0.2% in June, according to Statistics

Botswana

Botswana’s economy faces a challenging second half of 2025, with forecasts from consultancy Econsult pointing to GDP growth between -1% and 0%, following a sharper

Angola

Fitch affirmed Angola’s long-term sovereign credit rating at ‘B-’ and short-term at ‘B’, with a stable outlook. Fitch noted weakening fiscal positions and large funding

Russia

S&P Ratings affirmed Tajikistan’s B sovereign credit rating with a stable outlook, supported by strong remittances, gold prices, and record reserves. Risks persist from reliance

Mongolia

Mongolia’s economy grew 5.6% in the first half of 2025, driven mainly by a 35.6% surge in agriculture, alongside gains in industry and construction. The

Bosnia and Herzegovina

PM of Republika Srpska in Bosnia, Radovan Viskovic, resigned on Monday, paving the way for a cabinet reshuffle. On the same day, RS President Dodik

Ukraine

A Russian drone strike destroyed an Azerbaijani-owned oil depot in Ukraine’s Odesa Region on Monday, sparking a major fire but causing no casualties. This attack

Ukraine

Ukrainian President Zelensky and European allies travelled to Washington on Monday, to learn what Donald Trump agreed with Vladimir Putin at their recent summit, fearing

Pakistan

Pakistan’s central bank has halved its policy rate to 11% since June 2024 and is expected to ease another 100 bps this fiscal year, according

Malaysia

Malaysia’s trade surplus widened to MYR 15 bln in July, the largest since March, from MYR 6.4 bln a year earlier, beating forecasts of MYR

India

India’s 10Y G-Sec yield rose toward 6.5%, a four-month high, as Modi’s sweeping GST tax cuts stoked fiscal and debt-supply concerns despite an S&P upgrade.

India

Indian External Affairs Minister Subrahmanyam Jaishankar said India and China want better relations, as Chinese FM Wang Yi visited India for the first time in

Thailand

The People’s Bank of China renewed a 70 bln yuan (9.81 bln USD) bilateral currency swap with the Bank of Thailand, valid for five years.