Morocco largest beneficiary of AfDB’s loans

Morocco has received in 2019 loans from the African Development Bank (AfDB) worth 3 billion dollars funding 35 projects, bringing total loans by the African development finance institution to 10 billion dollars since the 1970s. AfDB’s funding makes Morocco on top of the list of beneficiaries of loans which covered areas such as energy, transport, […]

Morocco appointed co-facilitator of UN Declaration on Pandemic Prevention, Preparedness & Response

Morocco, in the person of its Permanent Representative to the United Nations, Omar Hilale, has been appointed by President of the UN General Assembly, Csaba Kőrösi, to co-facilitate, with Israeli peer Gilad Erdan, the first-ever UN process of negotiation of the political declaration that will crown the high-level meeting of the General Assembly on the […]

Algeria Resorts to Printing Press to Fix Budget Deficit

The Algerian government has resorted again to the printing press to inject in the market over 4,000 billion dinars, the equivalent of 20% of the country’s GDP, to deal with the 2018 budget deficit. The situation is likely to get worse in 2019, as the outlook for oil prices is rather pessimistic. Since 2014, economic […]