Updates

AM Best Affirms Credit Ratings of Société Centrale de Réassurance

December 21, 2021/Aetoswire AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Société Centrale de Réassurance (SCR) (Morocco). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect SCR’s balance sheet strength, which AM Best assesses as […]

EBRD, EU and GCF Expand Access to Finance for Egyptian Private Sector

December 20, 2021/EBRD By Nibal Zgheib Image Credit; EBRD EBRD, EU and GCF provide financing package to Ahli United Bank in Egypt Combination of US$ 52 million loan and US$ 30 million trade facility Loans to benefit underserved small businesses and support greening of supply chain The European Bank for Reconstruction and […]

IMF Extends Debt Service Relief for 25 Eligible Low-Income Countries

December 20, 2021/IMF The Executive Board of the International Monetary Fund (IMF) approved on December 15, 2021 a fifth and final tranche of debt service relief under the Catastrophe Containment and Relief Trust (CCRT) for 25 member countries with eligible debt service falling due to the IMF from January 11 to April […]