First Independent Mena Newspaper
Senegal, which is reeling under serious economic crisis, has secretly borrowed € 650 million from Africa Finance Corporation (AFC) and First Abu Dhabi Bank (FAB) in bid to avoid default. But concealing public debt and internal financial fragility from investors, partners, public opinion or regional rivals undermines the country’s credibility. The hidden debt scandal of […]
The International Monetary Fund Executive Board has reaffirmed Morocco’s continued qualification to access the Precautionary Liquidity Line (PLL) resources as approved in August 2012. The IMF made the decision after it completed the first review of Morocco’s performance under the economic program supported by the two-year PLL arrangement and after concluding the 2012 Article IV […]