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Tunisia hedges closer to default

Tunisia is mired in an economic and financial crisis worsened by the backpedalling to autocracy as president Kais Saied intensifies his crackdown on critics, while picking migrants as scapegoats. The one-man ruled country could be denied an IMF lifeline of 2 billion dollars as it shuns painful reforms, including cutting subsidies. Last week, Fitch rating […]

Morocco to Welcome Home Peacekeeping Contingent after End of UN Mission in Côte d’Ivoire

The United Nations Operations in Côte d’Ivoire (UNOCI) has completed its mission after 14 years of presence in the West African country with the majority of its uniformed personnel to depart by 15 February, including the Moroccan contingent. Moroccan peacekeepers have been deployed as part of the UN mission in Côte d’Ivoire since 2004 where […]

EBRD supports development of economic zone within Nador West Med industrial port with €110 Mln funding

The European Bank for Reconstruction and Development (EBRD) has announced a loan of €110 million to support the development of an economic zone within the Nador West Med industrial port complex, located in Morocco’s Oriental region. This is the Bank’s third investment in the Nador West Med complex, following the provision of financing in 2015 and […]