COFACE

JICA contributes to Morocco’s territorial development projects with a $165 Mln loan

The Japan International Cooperation Agency (JICA) will contribute to the financing of Morocco’s territorial development projects with a $165 Mln loan. The loan agreement was concluded recently between JICA and le Fonds d’Equipement Communal (FEC), which is trying to diversify its sources of financing on an international scale. This comes as Morocco is embarking on […]

Morocco’s Central Bank keeps interest rate unchanged due to Global & Domestic Situation

Bank Al-Maghrib, Morocco’s central bank, has decided to hold interest rates steady, contrary to the forecasts of many analysts who were expecting a hike of rates following the coronavirus pandemic, rainfall shortage and the Russia-Ukraine war. During its first meeting for the year 2022, the Board of Directors of the Bank decided to keep unchanged […]

Tunisia’s domestic borrowing gamble risks inflation and social unrest

The Tunisian government plans to seek $3.7 billion in direct financing from the Central Bank of Tunisia (BCT) in 2026, after borrowing $2.3 billion this year to cover urgent debt repayments. Total financing needs are projected at 27 billion dinars, with plans for a 7 billion dinar sukuk issuance, a first for the country. Public […]