Moody’s Ratings has revised Morocco’s “Ba1” rating outlook for its long-term foreign and local currency debt from “stable” to “positive,” according to the Ministry of Economy and Finance. In its assessment report, Moody’s emphasizes that the “positive outlook” reflects the gradual improvement in Morocco’s economic and fiscal strength, which is likely to further reinforce its […]
The International Monetary Fund (IMF) said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, Reuters reports. The deal is part of a four-year international financing program worth a total of $9 billion which also includes $1 billion from the IMF’s Resilience and Sustainability Trust (RST) and […]
OCP Africa and the International Finance Corporation (IFC), a member of the World Bank Group, have announced this Monday a partnership to strengthen value chains of rice in Côte d’Ivoire and millet in Senegal, and to help improve the living conditions of thousands of smallholder farmers. These crops, essential to ensure food security in these […]
