IMF announced earlier this week staff-level agreement on a new 48-month US$15.6bn programme. The announcement has been expected and follows the successful conclusion last month of a monitoring arrangement. The new programme has been designed in line....

Regional sovereign Eurobond market: The most of the Regional Eurobonds yields widened m/m in Feb-23. Armenia 25 was the best performer of the month with the yield tightening 2.0bps, followed by AZERB 24 and KAZAKH 25 with the yields widening 1.3bps.....

Russian and Chinese objections to references to the war in Ukraine blocked the official G20 communique. G20 finance chiefs made the usual calls on debt vulnerabilities and debt resolution but offered nothing new and concrete. Much may therefore ride....

IMF announced staff-level agreement on the first and final review of Ukraine's PMB arrangement on Friday. The four-month long PMB was approved in December and was seen as a precursor to a fully-fledged IMF programme. Programme discussions could be fi...

China’s senior most diplomat Wang Yi talks peace plan for Russia-Ukraine, perhaps in fear of crushing defeat for Russia. US Secretary of State Blinken warns China considering lethal aid for Russia, raising risk of sanctions on China. China-US relatio...

Regional sovereign Eurobond market: Regional Eurobonds yields continued to tighten m/m in Jan-23. GEORGIA 26 was the best performer of the month followed by KAZAKH 25, with yields tightening by 41.2bps and 25.8bps, respectively. TURKEY 26 was the w....