The Moroccan Retirement Fund (CMR) is about to begin consuming its reserves very soon, thus putting the country’s pension system in deficit by early 2014. Morocco’s audit court has already warned that the entire system is facing many drawbacks and shortcomings. The news is surprising given the fact that the government promised to go on […]
The giant mosque that is being built to stand as a hallmark of President Bouteflika’s legacy has come to represent all that is wrong with financial governance in Algeria. The mega project, initially launched with a price tag of $1 billion, has drawn funds exceeding $2 billion so far. The monument is becoming a black […]
African ministers of finance, planning and economic development underscored in Marrakech the need for diversifying public revenue with a view to promoting public investments in the social and economic areas. This came in the closing statement of the 52nd Session of the Economic Commission for Africa’s (ECA) Conference of African Ministers of Finance, Planning and […]
