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Ghana seals debt restructuring deal, staves off default

Ghana had reached a deal with bondholders that will forgo nearly $5 billion in a sovereign debt restructuring deal that would help the country avoid default. The deal marks a key step in the country’s quest to restructure its $13 billion debt that left the country on the brink of financial collapse. Bondholders including Abrdn, […]

Negotiations with IFM ongoing – Tunisia’s Social Affairs Minister

Malek Ezzahi, Tunisia’s Social Affairs Minister, indicated Monday that talks between the North African country and the International Monetary Fund (IMF) are still ongoing. The North African country, according to the Minister, has been in several months of negotiations for a $1.9 billion loan from the Washington-based institution to supplement the national budget facing a […]

ECJ Ruling: Portugal Spotlights ‘Essential’ EU-Morocco Partnership

Portugal stressed on Saturday the “essential” nature of the partnership between the European Union (EU) and Morocco, while reaffirming its willingness to work with European partners and institutions “to deepen it in all areas.” “Portugal considers the partnership between the European Union and Morocco to be essential, and will work with European partners and institutions […]