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Morocco successfully sells 1 billion euro in dual-tranche bond

Morocco has completed a successful sale of a 1 billion euro two tranche bond with 5.5 year and 10 year maturity at a rate of 1.375% and 2% respectively, in a deal that reflects the trust enjoyed by the country among international financial institutions despite the difficult context of the pandemic. Demand on the bond […]

Inflation could “inflame social tensions”, warns IMF

The global economic outlook is “darkening”, the managing director of the International Monetary Fund (IMF) said on Wednesday, citing the war in Ukraine and the “commodity price shocks” it has caused among the main reasons. The IMF plans to publish later this month “a further downgrade” to its growth forecasts “for both 2022 and 2023”, […]

Algeria’s car industry fiasco, a fallout of lack of economic vision

The Algerian government’s decision to ban imports of new cars has led to vehicle shortage and soaring of prices of used cars in a country that failed to launch its own car industry. In Algiers, one can buy an old car for the price of a new car as the country adopts measures to keep […]