Macroeconomy
6 articles
Algeria faces fiscal strain as non-oil sectors struggle to offset energy losses
Algeria's push to diversify away from oil and gas is showing early momentum in industry and mining, yet the country's public finances remain exposed as energy revenues falter and the budget deficit widens beyond 10 percent of GDP.
Tunisia Faces Rising Debt as Fitch Maintains B Minus Rating
Fitch Ratings has kept Tunisia's sovereign rating at B minus with a stable outlook, highlighting the country's ability to withstand external shocks but warning of persistent fiscal deficits and mounting government debt that far exceed regional peers.
Euro Surges on Algeria's Parallel Market as Currency Pressures Intensify
The euro has jumped to 27,700 dinars per 100 euros on Algeria's parallel market, breaking weeks of stability as dwindling summer inflows and surging demand from students and car importers squeeze currency supply and expose persistent market imbalances.
Senegal Agrees to IMF Debt Restructuring for $2.2 Billion Programme
Senegal has reached a staff-level agreement with the IMF for a $2.2 billion, three-year financing programme, contingent on the government restructuring its debt to restore fiscal sustainability after previously undisclosed liabilities came to light.
Gold Prices in Egypt Surge 5.8% Amid Currency Pressure
Egyptian gold prices climbed 5.8% last week, reaching an 11-week high as global gold rallied and the Egyptian pound weakened against the US dollar. The move reflects both international market dynamics and shifting local demand.
Egypt's Central Bank Expected to Hold Rates as Inflation Rises
The Central Bank of Egypt is widely expected to keep its key interest rates unchanged for a fourth consecutive meeting, as policymakers weigh persistent inflationary pressures and a resilient external position amid regional uncertainties.