High Representative for Foreign Affairs and Security Policy Josep Borrell

AFD lends Morocco €100 Mln to support local development

The French Development Agency (AFD) has lent lately Morocco €100 million to enhance the performance of local councils, boost local socioeconomic development and improve community public service. The agency’s funding comes after the World Bank financial contribution of €272 million provided last year to strengthen the capacities of Morocco’s municipalities, an objective that is part […]

Algeria’s currency crisis deepens amid drop in exports

Algeria is grappling with a deepening currency crisis as the Algerian dinar continues its relentless slide, raising alarm over the country’s economic stability, inflationary pressures, and the sustainability of state finances. Since late 2019, the dinar has lost significant value against the euro, falling from 204 dinars per euro in December 2019 to over 260 […]

Mauritania: Controversy over concession of F’Derick iron deposit

In Mauritania, the concession of F’Derick iron deposits to an Australian operator in unclear conditions continues to elicit Mauritanians’ disapproval. The controversy is gaining ground amidst the presidential campaign in the West African nation. Fdérik, also spelled F’derick, formerly Fort-Gouraud mining village, north-central Mauritania, is an important base for the exploitation of extensive iron-ore deposits. […]