Tunisia is now the African country facing the highest default risk as the government remains reluctant to implement reforms to be eligible for an IMF package of $2 billion. With one of the world’s highest wage bills in terms of percentage to GDP, Tunisia under autocratic president Kais Saied, is unwilling to implement painful reforms […]
The European Bank for Reconstruction and Development (EBRD) announced on Tuesday a €145 million financing facility to Moroccan Bank of Africa (BMCE Group) to support the country’s coronavirus response. This is the first investment to be delivered under the EBRD’s coronavirus Resilience Framework that was set up to meet the immediate short-term liquidity and working […]
Mauritania’s Sidi Ould Tah has assumed leadership of the African Development Bank with a comprehensive ten-year strategy focusing on financial architecture reform, demographic dividend transformation, and natural resource industrialization, reports L’Economiste. These strategic pillars address Africa’s critical challenges including declining development aid, mounting sovereign debt, and intensifying climate impacts. “Revisiting our investment plan and changing […]
