Sierra Leone seeks IMF loan worth $253 million

Sierra Leone has asked the International Monetary Fund (IMF) for a 38-month Extended Credit Facility (ECF) arrangement worth about $253 million. The facility would support restoring stability through continued macroeconomic adjustment to address debt vulnerabilities, reduce inflation, and rebuild international reserves; bolster inclusive growth and poverty reduction through structural reforms and targeted social spending; and […]

Lebanon: the Shi’ite-Sunni crisis revived

The country’s sectarian crisis seems to be deepening as clashes broke out again between the sunnis and shite. Recent events took place in the Palestinian refugee camp of Ain el-Hilweh on the edge of Sidon where majority of the habitants are Sunnis and most of them followers of Sheikh Ahmed al-Aseer. Reports claim that clashes […]

Automotive equipment: EBRD Grants Novares Morocco a €16.5 million Loan

The European Bank for Reconstruction and Development (EBRD) has granted Novares Morocco, the Moroccan subsidiary of the French automotive supplier Novares Group, a €16.5 million loan. The amount will be used to finance the Novares project in Morocco, supplying the plants of Peugeot PSA in Kenitra and of Renault in Tangiers. The funds will also […]