Finance

How the Collapse of Morocco’s BNDE Reshaped Banking Regulations

More than twenty years after its dramatic collapse, the Banque Nationale de Développement Économique (BNDE) continues to haunt Morocco’s financial history. Bank Al-Maghrib, led by Abdellatif Jouahri, has extended by one year the liquidation process of the former state development bank, a delay Jeune Afrique describes as reflecting the difficulty of settling the accounts of […]