Morning Brief november 8th, 2022

ECONOMIC HEADLINES
| MOROCCO | FUNDING | Signing of 2 loan agreements with the AfDB for a total amount of € 286 Mn
On November 7th 2022, Morocco signed two loan agreements with the AfDB for the financing of two programs related to the devel-opment of cereal farming and the generalization of social security coverage. In more detail, these are the support program for a competitive and resilient development of cereal crops for an amount of € 199 Mn (i.e. nearly MAD 2.16 Bn) and the support pro-gram for the generalization of social security coverage for an amount of € 87 Mn (i.e. nearly MAD 944 Mn).

| TUNISIA | INFLATION | An inflation rate of 9.2% in October 2022
According to Tunisia’s National Institute of Statistics (INS), the Consumer Prices Index for the month of October 2022 increased by 1.0% compared to the previous month. Year-on-year, the inflation rate stands at 9.2% against 9.1% in September.

| NIGER | GDP | The IMF forecasts a growth rate of 7.0% in 2023
According to the latest forecasts of the International Monetary Fund (IMF), Niger’s growth rate should stand at 7.1% in 2022 and 7.0% in 2023.

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