Algeria’s fiscal model under strain, warns IMF

Algeria’s economic foundations are showing serious cracks, including an unsustainable fiscal system, rigid economic structure, dependence on oil and mounting external vulnerabilities, the IMF warned in a new report. The budget deficit expanded to 13.9% of GDP in 2024, one of the highest in the region, the IMF said, noting that this sharp deterioration stems […]

Climate Summit: Africa between expectations and urgency to act

The fight for the climate is at the heart of a two-day international virtual summit organized by U.S. President Joe Biden, on the occasion of Earth Day. On the African continent, signs of climate change are multiplying. Joe Biden’s initial announcements indicate a willingness to reduce carbon emissions. To set an example, Biden announced that […]

US Acting Deputy Secretary of State on an African tour

Victoria Nuland, the Acting Deputy Secretary of State of the United States, has embarked on an African tour to take her to South Africa, Côte d’Ivoire, and the Democratic Republic of the Congo, July 29 to August 4, the State Department has announced. In South Africa, the acting second-in-command at the State Department was to […]