The Bolivian President, Luis Arce, is set to attend the 15th BRICS Summit in Johannesburg, South Africa, on August 24-25. This summit convenes leaders from major emerging economies: Brazil, Russia, India, China, and South Africa. The Bolivian government announced this participation on Friday. Government spokesperson Gabriela Alcón expressed that Arce’s participation recognizes the growing importance […]
Related Posts
Argentina Faces Historic Wage Slump Amid Economic Reforms
Argentina’s private sector witnessed the sharpest wage decline in nearly 30 years due to the peso’s significant devaluation under President Javier Milei, reports indicate. This significant financial shift highlights the immediate impact of Milei’s economic strategies, as detailed by government findings. In December, inflation-adjusted salaries dropped by 11%, the steepest monthly decline in 29 years […]
Angola’s central bank maintains key interest rate, adjusts marginal lending rate upward by 0.5 percentage point
The National Bank of Angola (BNA) has decided to keep its basic interest rate unchanged at 17%, while increasing the liquidity facility rate from 17% to 17.5%, marking an elevation of 0.5 percentage points. The permanent liquidity absorption rate will stay at 13.5. This announcement was made during a press conference in the nation’s capital, […]
Brazil Sets 2024 Bonus Payments for Millions
Brazil has unveiled the 2024 PIS/Pasep schedule, tied to earnings from 2022. Starting February 15, millions will get bonuses based on birth months. Details emerged from the Labor Ministry, noting that 24.5 million people will share R$23.9 billion in 2024. This initiative spans the private and public sectors, aligning payouts with birth dates from February […]