Credit rating agency Moody’s downgraded Tunisia’s credit rating to B2 against the backdrop of deteriorating fiscal situation, complicating the government’s plans to borrow from international lenders. Moody’s cut Tunisia’s rating by one notch to B2– five levels below investment grade and on a par with Argentina, Nigeria, Cameroon and Kenya. Moody’s rating downgrade will complicate […]
The Moroccan health ministry announced on Sunday 168 new positive cases of coronavirus in 24 hours, bringing the total of confirmed COVID-19 cases to 4,065. The Ministry of Health reported 02 deaths and 56 healings in 24 hours, bringing the official death toll to 161 deaths, while 593 patients have recovered, since the start of […]
Morocco’s braces for a surge in the bill of subsidies to keep bread prices stable from 1.3 billion dirhams in a normal year to 3.844 billion dirhams expected this year, Delegate Minister in charge of the budget Fouzi Lekjaa said. Speaking to reporters following the weekly government council, Lekjaa deplored the difficult conditions in the […]
