Burundi secures $271m loan facility from IMF to support economic reforms

The International Monetary Fund’s executive board has rubber-stamped a $271 million Extended Credit Facility meant to address the country’s protracted balance of payments needs, rebuild external buffers and support the government’s reform agenda. The Washington-based financial bilateral lender will disburse $62.6 million immediately. The loan is Burundi’s first Upper Credit Tranche-quality arrangement with the IMF […]

Haunted by Hirak, Algerian regime intensifies crackdown on peaceful opposition

Algeria is a closed off country. Since the military regime recycled itself under the new reign of Kingmaker General Shengriha and his civilian puppet President Tebboune, the country has sent scores of peaceful dissidents to jail and imposed a blackout on international media, preventing free reporting on the grim economic and social conditions in the […]

Tunisia and Algeria urge for exploitation

The governments of Tunis and Algiers have urged businessmen to capitalize on the investment opportunities given to them in a bilateral cooperation between two countries in order to promote trade and development. Both parties showed their willingness to promote dialogue in their relations and agreed on the elaboration of a roadmap for the development of […]