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Morocco to treat IMF credit line as precautionary

Morocco will continue to consider the IMF flexible credit line of $5 billion as precautionary and would only draw on it in case of external shocks like the Covid-19 pandemic, Morocco’s finance ministry said. The credit line is only granted to countries with sound macroeconomic and financial fundamentals and would add to Morocco’s credibility in […]

Donors meet in Paris to raise $1 bln for war-torn Sudan

International donors are meeting in Paris to raise up to 1 billion dollars in aid to Sudan, one year after the country has been torn by infighting that left millions facing displacement and hunger. The gathering by top diplomats and international NGOs takes place in a context where millions are on the verge of famine […]

Sahel states seek Russian telecom, remote-sensing satellites

The military ruled states in the Sahel, Niger, Burkina Faso and Mali are seeking to acquire telecoms technology and remote-sensing satellites from Russia as they seek to counter the surge of terrorist activity. Ministers from the three countries met officials from Russia’s aerospace agency Roscosmos in Mali’s capital, Bamako, on Monday, to discuss implementation plans, […]