Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
Kenya's finance ministry to consult public on new revenue laws after protests. Finance Minister rules out debt restructuring, considers future tax cuts amid economic challenges.
Egypt's inflation forecast to drop for the sixth month, despite recent price hikes. Analysts predict a decline in annual urban consumer inflation, with potential month-on-month increases due to government measures.
India's foreign exchange reserves reached a record $683. 99 billion, rising for the third consecutive week. The Reserve Bank of India's interventions aim to maintain rupee stability amid global economic fluctuations.
Ghana offers to exchange $13 billion in international bonds as part of its debt restructuring plan. Bondholders have until September 30 to accept, with the new bonds set to be issued on October 9, 2024.
Iran plans to take Pakistan to arbitration over a long-delayed gas pipeline project. The dispute highlights Pakistan's geopolitical and economic constraints, as well as its energy security challenges.
Ksenia Yudaeva, under U. S. sanctions, named Russia's new IMF executive director. The former Bank of Russia official will assume the position on November 1, 2024, amid ongoing international tensions.
China's 2024 GDP growth target of "around 5%" encounters challenges due to property market decline. UBS revises forecast downward as Beijing balances short-term goals with long-term economic plans.
Gabon celebrates the first anniversary of the military coup that ended the Bongo dynasty. While some progress has been made, the country faces economic challenges and calls for faster reforms.
Ghana's Finance Minister unveils plans for Eurobond exchange and cocoa purchase funding. The 21-day exchange aims to normalize relations with the bond market, while cocoa funds will be raised through loans and domestic sources.
Nationwide strike in Pakistan protests electricity price hikes and new taxes following IMF deal. Traders demand government reverse recent economic measures amid growing public discontent.
The AfD's growing popularity in Thuringia, Germany, raises concerns for businesses like Jenoptik. As the region faces economic challenges, companies struggle to attract international talent amid rising anti-immigrant sentiment.
Gulf stock markets mostly declined due to escalating Middle East tensions, while potential US interest rate cuts limited losses. Egypt's market advanced as IMF eased financial support conditions.
Pakistan's central bank chief outlines plans to secure $4 billion from Middle Eastern banks and progress on IMF bailout talks. The country aims to address financing needs and focus on economic growth.
China's central bank keeps interest rates steady on medium-term loans and reverse repos, signaling potential for further easing measures as the economy faces ongoing property crisis and sluggish growth.
The World Bank's mission to reduce global poverty faces scrutiny as progress stalls in the poorest nations. Despite overall poverty reduction, the "bottom billion" countries continue to lag behind, prompting calls for institutional reform.
The World Bank's efforts to reduce global poverty face scrutiny as the "bottom billion" continue to struggle. Despite successes in emerging markets, the institution's approach and leadership are questioned amid changing economic landscapes.
Ukraine postpones the early consent deadline for its $20 billion debt restructuring plan to August 27, citing technical issues. The deal aims to reduce debt and secure continued international financial support.
India's foreign exchange reserves increased to $674. 66 billion, approaching the record high set earlier this month. The Reserve Bank of India continues to support the rupee's stability.
Chinese investors grapple with restricted investment choices due to capital controls. Government bonds attract funds as other markets falter, prompting official warnings and calls for overseas investment options.
Kiribati suspends diplomatic visits until 2025 due to ongoing election process. The move comes amid tensions with Western nations over deepening ties with China, highlighting the Pacific nation's strategic importance.
Lebanon's central bank works to prevent FATF grey listing, which could further damage its struggling economy. The country faces an October deadline to address financial regulation gaps amidst ongoing crisis.
Pakistan's Finance Minister reports progress with IMF for a $7 billion loan program. Board approval expected in September, following July agreement for a 37-month Extended Fund Facility.
Africa faces climate change impacts despite minimal emissions. Current policies fail to address this disparity. A new approach is needed, balancing development needs with emission reduction efforts.
A police raid targeting a Paraguayan lawmaker and his son in a drug smuggling investigation ended in a fatal shootout. The incident highlights the complex web of politics and organized crime in the country.
Ayman Soliman steps down as head of Egypt's $12 billion sovereign wealth fund after five years. Limited progress in privatization efforts and government reshuffle cited as reasons for the change.
Sri Lanka's Election Commission approves 39 candidates for the upcoming presidential election. The vote, crucial for economic reforms, features experienced politicians and newcomers vying to lead the crisis-hit nation.
Sri Lanka's upcoming presidential election sees a record 39 candidates, focusing on economic reforms. The vote, scheduled for September 21, 2024, will shape the nation's financial future amidst ongoing recovery efforts.
Sri Lanka prepares for a pivotal presidential election with 39 candidates vying for leadership. The September 21 vote is crucial for steering the nation's economic recovery following its recent financial crisis.
France endorses Morocco's autonomy proposal for Western Sahara, leading to diplomatic tensions with Algeria. The move could reshape regional dynamics and influence other nations' stances on the long-standing dispute.
Political turmoil in Bangladesh threatens financial reforms and weakens the banking sector. S&P Global Ratings warns of policy inaction as the country grapples with leadership changes and economic challenges.