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Fitch Maintains BBB Rate for Morocco with Stable Outlook

Credit rating agency, Fitch, affirmed Morocco’s long-term foreign and local currency issuer default ratings (IDRs) at ‘BBB’ with a Stable Outlook. Fitch explained that Morocco’s BBB rating was driven by its economic performance, public finance and external finance metrics. “Economic policy focuses on maintaining macroeconomic stability and is unlikely to change much as a result […]

More efforts needed to stabilize South Sudan — UN peace official

Greater efforts are needed to stabilize South Sudan, said the United Nations head of peacekeeping operations, Jean-Pierre Lacroix, as he wrapped up a visit to the war-torn country that is struggling with the impact of climate change in addition to inter-communal conflicts, all of which have led to a growing need for humanitarian aid. During […]

AfDB enters new $1 billion exposure exchange with the Asian Development Bank

The Board of Directors of the African Development Bank has approved a $1 billion exposure exchange with the Asian Development Bank that aims to strengthen their capital adequacy levels and boost their lending capacity. The transaction, sealed last week, will support AfDB efforts to unlock additional sovereign lending headroom. It will also bolster continued efforts […]