IMF-morocco

Tunisia’s Foreign Reserves Shrink to $4.6 bln

Due to a crisis that has hit vital sectors of the Tunisian economy, Tunis continues to eat into its foreign exchange reserves, which have dwindled to $4.6 billion covering 80 days of exports, the central bank said. The bank attributed the decline to the country’s need to use foreign exchange funds at the beginning of […]

Sudan: Military, opposition coalition agree on ‘constitutional declaration’

In Sudan, military rulers and the main opposition coalition have agreed on a constitutional declaration on Sunday, paving the way for a transitional government. The announcement was made by African Union mediator Mo-hamed Hassan Lebatt. Mohamed Hamdan Dagalo, who is deputy head of the Transi-tional Military council said the agreement was a victory for Sudan. […]

Tunisia: Kais Saied lambasts rating agencies

Tunisia’s President Kais Saied Thursday laid into international rating agencies for using “biased criteria” in evaluating the country’s abilities to attract investments. This came during a meeting with the President of financial market council (CMF) Salah Sayel, a day after the country’s central bank (BCT) sounded the alarm over the waning of foreign reserves, the […]