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US, Mexico prepare for new migrant wave

Bloomberg The US and Mexican governments are preparing for a surge in undocumented migrants heading for their border in the coming months after faster inflation in key countries in Central America added to economic hardship. Officials from the administrations of Presidents Joe Biden and Andres Manuel Lopez Obrador in recent days discussed their concern about the impact that rising food ...

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Kenya’s presidential hopeful to negotiate debt if he wins

  Bloomberg Kenyan presidential candidate Raila Odinga will target improved debt repayment terms for the East African economy, saying existing obligations of almost $100 billion may force the nation to seek help from the International Monetary Fund (IMF). The growing debt “puts Kenya in the group of the most debt-distressed middle and lower-income developing countries now being forced into IMF ...

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Indonesia holds rates to support recovery with eye on war risks

  Bloomberg Indonesia’s central bank left its policy rate unchanged, seeking to sustain its recovery while keeping a close eye on core inflation and the impacts from the war in Ukraine on the global economy. Bank Indonesia kept the seven-day reverse repurchase rate at 3.5% on Thursday, as predicted by all 29 economists in a Bloomberg survey. The rate has ...

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