Briefing Sunday April 1 2018

World Bank highlights resilience of Morocco’s financial sector to drought

Despite consecutive dry years, Morocco’s banking sector has shown resilience and stability, the World Bank said. “Stress tests in Colombia, Morocco, and Mexico indicate that overall physical risks such as droughts and floods as well as transition risks are relatively benign for the financial system as a whole,” the World Bank said in its “Finance […]

Workshop in Rabat on LIBOR Reform & Morocco’s New Money Market Benchmark

Morocco’s Central Bank, Bank Al-Maghrib, and the European Bank for Reconstruction and Development organized on Wednesday in Rabat a workshop on London Inter-bank Offered Rate (LIBOR) reform and the new money market benchmark in the North African country. Participants in the workshop discussed the implications of changes in the benchmark indexes used on the international […]

Russia seeks naval base in Sudan’s Red Sea coast

Russia has promised military support for Sudan in return for a naval base in the Red Sea, General Yasirr Al Atta, member of Sudan’s military-led Sovereign Council said. A series of military and economic deals will be signed, signaling an inroad by Russia in the Horn of Africa, after it managed to strengthen its foothold […]