FMI Chief Kristalina Georgieva with Finance Minister Bechaaboune & BAM Governor Abdellatif Jouahri

Reforms to follow in 2020 in Morocco

The year 2019 has wrapped up with promises of landmark reforms to be carried out in 2020, a year before 2021 elections. In 2019, King Mohammed VI urged the implementation of decentralization, a new development model and an efficient government. It was also a year to celebrate Morocco’s improvement in the doing business index, its […]

Egypt sovereign sukuk needs religious consensus

A U-turn has been done by the government after criticisms by Islamic religious leaders concerning a draft law which will permit the government to issue sukuk. Making the announcement, the finance minister Al-Mursi Al-Sayed Hegazy said the revision of the draft law will be done after meeting with top officials of Egypt’s prestigious Al-Azhar university […]

New ‘independent’ Africa credit rating agency on track to launch in 2025

A new credit rating agency designed to address the needs of sovereign borrowers in Africa, and led by an African Union (AU) Commissioner, is on track to be launched in 2025, according to a senior AU official. Speaking with reporters in Accra, the AU Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Albert Muchanga, […]