HEIDI WOODMAN- GOLD FEVER

Morocco to introduce secondary market for non-performing loans

Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]

Troops, M23 rebels clash in eastern DRC as East Africa bloc announces peace talks

Congolese troops and M23 rebels traded heavy fire in eastern Democratic Republic of Congo (DRC) on Monday (14 November), just as East African leaders a day earlier announced peace talks in a bid to stabilize the conflict-torn region. Government forces and the M23 militia were fighting in Kibumba, about 20 km north of the strategic […]

Refugee crisis: “We need free money to handle influx of refugees, not loans,” Lebanese official

Top official of the Lebanese Ministry of Finance warned that the country may collapse if the international community does not assist economically countries taking in refugees. “The support has to be through grants. It cannot be loans,” said Alain Bifani, director general of the Lebanese finance ministry. “As long as we can, we will turn […]