EBRD

Fitch Ratings highlights Morocco’s resilient liquidity in wake of earthquake

Fitch Ratings has released a note recognizing the impact of the earthquake on Morocco’s fiscal deficit while reassuring remittances from Moroccans abroad and the IMF’s credit lines would offset liquidity concerns. The earthquake that struck late on September 8 killed some 3000 people and destroyed nearly 60,000 homes in the High Atlas Mountains. Morocco has […]

Hawala, One of Polisario’s Financing Channels

Tunisia: President’s ‘power-grab’ to cast a shadow on IMF deal-Bloomberg says

The recent measures by the Tunisian President to dismiss the Prime Minister and disband parliament have been described as a “power grab” that may delay the financing deal with the IMF. Tunisia has struggled with endemic unemployment and an economic slow-down worsened by the Covid-19 crisis and pinned hope on a $4 billion loan package […]