NOVARES

Ghana seeks $3bln loan from the IMF

Ghana and the IMF reached a staff level agreement for a loan worth $3 billion, an inroad in the West African country’s efforts to improve its public finances. Ghana is on a debt-restructuring program after it defaulted on most of its $30 billion international debt in 2022. “Performance under the IMF-supported program has been generally […]

Libya’s parliament shortlists two candidates for Prime Minister Position

Libya’s state legislature, House of Representatives (HoR) located in Tobruk, shortlisted Monday former Interior Minister Fathi Bashagha and businessman Khaled Al-Bibas as the only two candidates meeting conditions for the post of Prime Minister in replacement of embattled Abdul Hamid Dbeibeh, reports say. Aguila Saleh, Speaker of the parliament, during a session held to vet […]

EIB, Banque Misr ink two deals to support SMEs in Egypt

The European Investment Bank (EIB) and Banque Misr have signed two technical assistance agreements to support small- and medium-sized enterprises (SMEs), Arab Finance reports citing emailed press release on July 6th. The first program will bolster Banque Misr’s credit risk management and help it adopt SME financing best practices. The second according to the statement […]