Many African governments, including Kenya and Uganda, are facing unrest due to tax hikes and reduced spending on health and education with the aim to make fiscal spaces for external debt payment. The continent’s foreign debt reached more than $1.1 trillion at the end of last year, according to the African Development Bank, which kept […]
Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]
A bipartisan U.S. Congressional Delegation, led by Republican Representative Doug Lamborn, Chairman of the House Armed Services Committee, is visiting Morocco to discuss ways of enhancing further cooperation ties between the two countries, friends and longstanding allies. The delegation includes Congressmen from the Financial Services, Procurement, Foreign Affairs, Budget, Agriculture, Energy and Commerce Committees. On […]
