ECONOMIC HEADLINES
| MOROCCO | LENDING RATES | The weighted average rate down 14 BPS in 2021

According to the results of Bank Al-Maghrib's survey on lending rates in 2021, the overall weighted average rate decreased by 14 BPS to 4.39%. In this context, rates fell by 24 BPS to 4.05% for treasury loans and by 31 BPS to 4.70% for mortgages loans. In contrast, rates rose by 13 BPS to 4.48% for equipment loans and by 5 BPS to 6.53% for consumer loans.

| TUNISIA | FDI | Investments up 1% in 2021
In 2021, foreign direct investments in Tunisia recorded a slight increase of 0.6% to TND 1,844.8 Mn. This results from the increase of investments in the services sector which doubled to TND 344.9 Mn, while investments in the industry and energy sectors fell by 7.2% and 12.9% respectively.

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