Group 1 - The Kyrgyz government places high importance on housing issues, with 9,250 families receiving housing through state mortgage loans since 2021, and 4,662 families obtaining new homes in the first 11 months of this year [1] - The government has allocated 40.2 billion som (approximately 460 million USD) for housing construction by 2025, with 73,357 apartments currently under construction [1] - The construction industry in Kyrgyzstan is projected to grow by 28.7% in 2024 and is expected to reach 29% growth in 2025 [1]

Core Insights - The banking sector in Ghana is experiencing a significant contraction in credit, with net credit growth for the first ten months of 2025 at 86.26 billion cedis, a sharp decline of 58.8% compared to 209.52 billion cedis in the same period of 2024 [1] Group 1: Public Sector Credit - Public sector credit has shown a notable decrease, with a reduction of 34.45 billion cedis by October 2025, contrasting with an increase of 15.16 billion cedis in the same period last year [2] Group 2: Private Sector Credit - The private sector remains the primary recipient of bank credit, with an increase of 120.72 billion cedis in the first ten months of 2025, representing a year-on-year growth of 13.9%, although this is a slowdown from 194.35 billion cedis (28.8% growth) in the previous year [2] - The share of private sector credit in total credit rose from 91.9% in October 2024 to 95.9% in October 2025, with a total private sector credit balance of 989.18 billion cedis, up from 868.46 billion cedis year-on-year [2] Group 3: Structural Changes in Credit Distribution - The distribution of credit across different sectors shows significant disparities, with the services sector attracting 77.7% of new credit in 2025, a substantial increase from 24.5% in the previous year [3] - The manufacturing sector's share of credit increased to 18.8%, up from 10.6% year-on-year [4] - The mining and quarrying sector saw a notable rise in credit share from 2.5% in 2024 to 11.9% in 2025, indicating a shift in risk appetite and asset allocation strategies within the banking sector [5]

Core Viewpoint - The President of Kyrgyzstan, Zaparov, announced a national debt repayment plan, committing to repay all debts by 2035, with a total repayment of $7.383 billion scheduled from 2022 to 2029, peaking in 2028 at $1.326 billion [1] Debt Repayment Plan - The total debt repayment amount from 2022 to 2029 is $7.383 billion [1] - The highest repayment year is 2028, with a planned repayment of $1.326 billion [1] - The commitment to repay all debts by 2035 indicates a long-term fiscal strategy [1]

Core Viewpoint - The World Bank has revised down its economic growth forecast for Colombia, indicating a slowdown in growth due to global trade tensions and weak domestic demand [1] Economic Growth Forecast - The World Bank now predicts Colombia's economy will grow by 2.6% in 2026 and 2.8% in 2027, down from previous forecasts of 2.7% and 2.9% respectively [1] - The downward revision reflects ongoing global trade uncertainties and weak domestic demand, which offset the positive effects of a loosening financial environment [1] Growth Drivers - The World Bank states that in the coming two years, economic growth in Colombia will primarily be supported by resilient consumer spending and a gradual recovery in private investment [1]

据吉尔吉斯斯坦央行12月22日发布消息，吉央行当天实施了年内的第8次外汇干预，在外汇市场卖 出1.795亿美元，为2025年规模最大的一次干预行动。今年以来，吉央行共实施8次外汇干预，累计卖出 8.53亿美元。 （原标题：吉央行今年以来共实施8次外汇干预） ...

Core Insights - The Prime Minister of Kyrgyzstan, Kasymaliev, announced that the GDP is expected to reach 1.8 trillion som (approximately 20.69 billion USD) by 2025, with an economic growth rate exceeding 10% [1] - The national budget has surpassed 1 trillion som (approximately 11.5 billion USD) for the first time in history, with a budget surplus of 34.3 billion som (approximately 3.9 million USD) [1] - There has been a structural change in fiscal spending, with expenditures for economic development surpassing those for social sectors for the first time [1] - A total of 341 infrastructure projects have been put into operation during the reporting period [1]

报告呼吁国际社会加强合作，共同改善全球贸易环境、缓解融资约束并应对气候相关风险。报告建 议，为激发投资活力、促进长期增长，新兴市场和发展中经济体的政策制定者应着力深化国内改革，推 动贸易结构多元化，完善宏观经济政策框架，消除关键领域结构性瓶颈。若不能有效提升经济内生动 力，许多经济体将难以应对劳动年龄人口增长带来的就业压力。 报告认为，当前全球经济增长面临的短期风险总体偏向下行。若贸易紧张局势进一步升级、贸易壁 垒继续提高，或因资产价格下跌、财政压力或通胀超预期引发金融市场情绪恶化，经济增长可能受到明 显制约。另一方面，若人工智能相关活动加速普及，或企业对新贸易环境的适应能力增强，则可能为经 济带来上行支撑。 报告同时指出，全球经济在应对贸易摩擦升级与政策不确定性方面已展现出显著韧性。2025年，贸 易商品储备增加、市场风险偏好强劲以及人工智能领域支出大幅上升，共同支撑了全球经济活跃度，供 应链体系也对日益增长的贸易壁垒作出了适应性调整。近五年，全球经济从2020年衰退中的复苏速度超 过预期，为六十多年来罕见，但不同经济体之间复苏态势分化严重。 数据显示，发达经济体复苏较为稳固，近90%的发达经济体人均收入已 ...

Core Viewpoint - The Colombian automotive dealers association warns that recent tax increases on motorcycles may lead to a decline in sales, urging the government to reassess these tax policies [1] Tax Increases Impact - The minimum wage has been raised by approximately 23%, while the consumption tax on certain motorcycles has increased from 8% to 19% [1] - Import tariffs on motorcycles with engine displacements over 200cc have risen to a maximum of 35%, potentially suppressing demand for new purchases [1] - Additional tariffs on motorcycles imported from countries without free trade agreements with Colombia will further increase prices [1] Broader Industry Concerns - The automotive sector is facing similar pressures, including increased consumption taxes and tariffs on certain vehicle models rising to 40% [1] - The association calls for the government to consider measures such as interest rate subsidies to alleviate the financial burden on consumers [1]

（原标题：加纳与卡塔尔签署双边劳工协议） 据"加纳商业网"1月14日报道，加纳劳工和就业部长佩尔普奥宣布加纳已与卡塔尔国签署双边劳工 协议，以促进加纳工人安全合法地派遣到卡塔尔工作。协议的签署旨在为寻求出国工作的加纳人创造结 构化的就业途径，同时在明确的劳动框架下保障他们的权利。 该协议包含对加纳工人进行加纳劳动法和卡塔尔就业法规培训的条款，包括工人福利标准和争端解 决机制。所有务工人员都将有完整的档案记录和正式文件便于进行问责。 加纳劳工部还强调了规范海外招聘的重要性，并警告非法务工往往使得工人遭受虐待和剥削。 该协议将允许加纳工人根据需求和资质在各个行业就业，并采用正规的制度来确保安全、尊严和问 责制。目前卡塔尔初步的劳动力需求将主要集中在技术和专业技能方面，包括工程、机械工作等领域。 ...

Core Viewpoint - The Prime Minister of Kyrgyzstan emphasizes the need for the government to actively attract investors rather than waiting for them to come, highlighting a shift in approach to investment attraction [1] Economic Growth - Kyrgyzstan's GDP has maintained an average annual growth rate of no less than 9% over the past two to three years, with the President setting this growth rate as a national development goal [1] Investment Attraction - The government aims to improve the living standards of residents, with attracting investment being a key task to sustain economic growth [1] - The Prime Minister indicates that the country needs investors to enhance production capacity and build new factories [1] Government Initiatives - The Prime Minister has taken a proactive approach by personally meeting with major investors and issuing directives to relevant departments to address investment-related issues [1] - The previous approach involved investors seeking out the government, which led to unresolved issues; the current strategy focuses on creating favorable conditions for investors [1]