The International Monetary Fund’s executive board has rubber-stamped a $271 million Extended Credit Facility meant to address the country’s protracted balance of payments needs, rebuild external buffers and support the government’s reform agenda. The Washington-based financial bilateral lender will disburse $62.6 million immediately. The loan is Burundi’s first Upper Credit Tranche-quality arrangement with the IMF […]
Tunisia is set to receive over one million Covid-19 vaccine doses to ramp up the vaccination campaign following pledges by Saudi Arabia and Turkey, one day after the UAE pledged half a million doses. The kingdom of Saudi Arabia made the pledge through its envoy to the North African country, Abdelaziz Ben Ali Sakr who […]
Morocco’s only refinery has been idle since 2015 over unpaid taxes and legal hurdles, leaving the country prey to dependence on refined oil imports and fluctuations in the international markets. Calls for reactivating the idle Samir refinery in Mohammedia become more acute as fuel prices more than doubled compared to last year, due to a […]
