The Bank of Mozambique, aiming to stabilize the economy, has reduced its MIMO interest rate from 17.25% to 16.50%. This decision, made during the bank’s first regular Maputo meeting, reflects efforts to maintain single-digit inflation. The move is vital for the country’s economic stability and growth. In December 2023, the annual inflation rate dipped to […]
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Petro’s Political Gamble: A New Constitution for Colombia?
In his quest to overcome legislative hurdles, Colombian President Gustavo Petro has taken a daring step that’s stirred nationwide controversy. Initially, he sought to bridge political divides by including liberal centrists in his cabinet, aiming to temper concerns from conservative quarters about a sharp leftward shift in governance. This approach facilitated the passage of significant […]
