BCIJ

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 […]

Egypt’s Constitutional Referendum and the Fiscal Troubles Hampering IMF Loan Negotiations

Egypt’s Central Bank proclaimed their foreign reserves reaching the “critical” levels after it had sold about 75 million USD in its first private auction to banks, Bloomberg reports. Egypt’s foreign reserves are well below the levels prior to 2011 uprising against former President Mubarak, when the Central Bank commenced to support the Egyptian pound by […]

Macky Sall launches controversial national dialogue

Senegal’s President Macky Sall launched Wednesday a national dialogue initiative supposed to appease the political tension in the country, but rejected by a chunk of the opposition, including main rival Ousmane Sonko. “There can be no democracy without freedom, just as there can be no freedom without responsibility. Every piece of physical violence, every piece […]