world-bank

Fitch Affirms Morocco’s BBB-Rating, with Stable Outlook

Fitch Ratings has affirmed Morocco’s long-term foreign-currency Issuer Default Rating (IDR) at ‘BBB-‘ with a stable outlook, praising the country’s macroeconomic stability, its comfortable external buffers and low share of foreign-currency debt in public debt. The credit rating agency projects Morocco’s deficit at 3.7 pc of GDP in 2019 and 3.5 pc in 2020, saying […]

Proparco, EIB, IFC commit €47.5 million for solar energy in Senegal

The European Investment Bank and the International Finance Corporation have announced €47.5 million to finance the construction of two photovoltaic solar power plants In Senegal. The infrastructure will be installed by Engie in collaboration with other partners. According to local media, the two photovoltaic solar power plants will be installed in Kahone and Kael and […]

Syria: A new Syrian coalition group to negotiate with Assad

Factions and groups making up the Syrian opposition landscape will be meeting for two days in Cairo to set up what would be called the Syrian National Opposition. Haytham Manna, a veteran Syrian opposition figure and a key organizer of the event said the new body will be “totally different” from the Syrian National Coalition […]