Day: August 22, 2025

Dominican Republic

Dominican Republic’s government submitted a budget amendment widening the 2025 deficit target to 3.5% of GDP, up 0.5ppt, primarily through a 20% increase in capital

Bolivia

Bolivia’s presidential candidate Jorge ‘Tuto’ Quiroga, advancing to the Oct. 19 runoff with ca. 28% of the first-round vote, outlined a reform agenda including privatizations,

Argentina

Argentina’s President Milei reiterated the administration’s commitment to draining liquidity ahead of elections, with policy aimed at keeping real rates elevated. Short-term repo operations averaged

Argentina

Argentina’s Lower House narrowly upheld President Milei’s veto of an opposition-backed pension hike estimated at ca. 0.9% of GDP, with just 34% of lawmakers present

Rwanda

Rwanda’s central bank raised the policy rate by 25 bps to 6.75%, aiming to anchor inflation within the 2%-8% target. The monetary policy committee stated

Nigeria

Nigeria’s pension fund operators pressed regulators for flexibility to expand into alternative assets, including export-oriented industries and real estate, to offset losses from inflation and

Kenya

Kenya’s Treasury announced plans to refinance over USD 5 bln in Eurobonds maturing by 2034, including urgent repurchase of USD 1 bln in 2028 notes.

Botswana

Botswana’s central bank indicated scope to maintain accommodative policy, with Governor Cornelius Dekop noting inflation is projected at 3.5% in 2025 and 5.9% in 2026,

Angola

Angola’s oil output fell below 1 mln barrels per day in July, reaching 998,757 bpd, its lowest since March 2023, according to official petroleum agency

Kyrgyz Republic

The UK government has sanctioned Kyrgyzstan’s Capital Bank, two crypto exchanges, and individuals linked to aiding Russian sanctions evasion, for their role in facilitating transactions.

Kazakhstan

Kazakhstan’s Baiterek National Holding plans to issue USD 500 mln in USD bonds, and USD 186 mln equivalent in local currency bonds, the government has

Armenia

Armenian Prime Minister Pashinyan said there is no justification for early parliamentary elections, reaffirming the next vote will take place in 2026. He added that

Ukraine

Ukraine’s central bank Governor Pyshnyi said an IMF team will visit in the coming weeks to discuss the 2026 budget, while also considering a possible

Thailand

Thailand is set to benefit from Netflix’s expansion, as the company boosted local production following more than USD 200 mln in investments over four years.

Philippines

Philippines’ central bank is expected to lower its key rate by 25 bps to 5% on Aug. 28, moving closer to neutral amid softening growth

India

India signaled defiance against US tariff pressure, with officials calling Washington’s proposed 25% levy on imports from Aug. 27 “unreasonable” and pledging to maintain Russian