ECOWAS & transition in Mali

Tunisia: Price-wage spiral led to key interest rate increase -BCT

The Central Bank of Tunisia (BCT) explained the raising of its key interest rate by “past and recent wage increases that are likely to maintain a price-wage spiral.” This spiral is very detrimental to the economy and accentuates macro-economic imbalances because of the impact on the consumption of imported products, the BCT said, according to […]

Libya: Leon unveils Unity Government

Libya has as of October 8, 2015 a new central government after one year of difficult negotiations between rival parties fighting for control over the country since the death of Col. Muammar Gaddafi in 2011. UN Special Envoy Leon announced the UN-proposed Government of National Accord (GNA) which will run Libya for the coming two […]

Oil-rich Libya faces fuel supply crisis as $1 billion in unpaid import bills mount

Oil-rich but war-torn Libya is teetering on the edge of a fuel supply crisis, with more than $1 billion in unpaid dues for imported fuel threatening to disrupt deliveries and deepen the country’s economic woes. The state-owned National Oil Corporation (NOC) has warned that international suppliers are growing increasingly reluctant to continue shipments without payment […]