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Tag: IMF
Egypt inks ‘historic’ $35bn deal with UAE, hoping to ease dollar squeeze, save economy
Egypt and the United Arab Emirates (UAE) have signed a landmark $35 billion investment deal to develop Ras al-Hekma peninsula on the Mediterranean coast that, ... Read More
IMF highlights resilience of Moroccan economy against external shocks
The IMF welcomed the resilience of the Moroccan economy in 2023 despite external shocks and drought, noting that growth should improve to 3.5% in the ... Read More
Red Sea crisis to affect global trade, fuel inflation in Africa and beyond
Escalating attacks by Yemen’s Houthi rebels on ships in the Red Sea have not only unraveled a key global trade route, sending shipping and insurance ... Read More
Africa’s dollar drought pushes more continent’s countries to economic crises
Africa is in the grip of a dollar drought and the current continent-wide scarcity of the US dollar is further pushing many already beleaguered African ... Read More
IMF warns of Africa’s vulnerability to China’s slowing economy
While millions of dollars are being channeled to African financial institutions as part of Chinese President Xi Jinping’s $10 billion plan for the continent, the ... Read More
FDI Intelligence sheds light on Morocco’s automotive success story
Morocco’s automotive exports reached $8.8 billion between January and August this year, a jump of 35.6% year on year, says “FDI Intelligence” in its latest ... Read More
Kais Saied fires Minister of Economy
Tunisia’s President fired Tuesday October 17 the country’s Minister of Economy Samir Saïed amid economic hardship that has gripped the North African country. Saied’s office ... Read More
African govts in fiscal bind amid high interest rates and debt squeeze
With the interest rates likely to stay high in 2024, governments across Africa are presented with a unique challenge and dilemma as they struggle to ... Read More
WB, IMF & Morocco Call for Enhanced Global Action to Build Resilience for Better Future
The World Bank, the International Monetary Fund (IMF) and Morocco have launched a call for enhanced global action on common challenges in a bid to ... Read More
Africa to have stronger voice in IMF, as WB warns African central banks against risky monetary initiatives
The International Monetary Fund (IMF) has announced that sub-Saharan Africa will be allocated a third seat on the global lender's executive board, while the World ... Read More