IDA Africa

Dim prospects for Tunisian economy as President Saied cuts ties with IMF

Tunisia’s President Kais Saied has suspended ties with the IMF after shunning the reforms it conditioned for a lifeline deal that could have made it easier for Tunisia to access foreign loans. The failure of the $1.9 billion offered by the IMF in exchange for reforms puts Tunisia in an uphill battle to access funding […]

Morocco & ITFC Ink Cooperation Agreement

Morocco and the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), have agreed to enhance cooperation within the framework of Arab-Africa Trade Bridges (AATB) Program. This regional trade promotion program aims at addressing some of the challenges faced in promoting trade between Africa and the Arab world. The […]

US underscores Moroccan King’s leadership, reaffirms support for autonomy plan

The US state department highlighted the leadership of King Mohammed VI in promoting regional stability and peace and reaffirmed its position in support of the Morocco-proposed autonomy plan. Secretary of State Anthony Blenken “expressed his appreciation for King Mohammed VI’s leadership and longstanding contribution to promoting stability and regional peace, including his efforts to promote […]