Malawi granted IMF food-shock funding to mitigate impact of global food shortage

The International Monetary Fund (IMF) has approved financing to cope with rising global food prices for Malawi, the first low-income nation to receive financing from the IMF under a new tool intended to help countries cope with global food price shocks. The number of Malawians facing food insecurity has doubled to 20% of the population […]

Libya: UN-brokered gov’t retakes three cities from Haftar’s forces

Libya’s UN-backed Government of National Accord (GNA) has gained significant territory in fighting west of the capital, Tripoli. A government spokesman said GNA forces took control of three key cities on the Mediterranean coast on Monday, as they expelled troops loyal to the Libyan National Army (LNA) of General Khalifa Haftar. The army seized the […]

Morocco to raise wages of private sector employees

Workers in the private sectors will benefit from a 10% wage hike within the next two years, while the minimum salary in the agricultural sector will be raised by 10% starting this month, the government announced on Thursday. The move marks the implementation of social dialogue deals announced last May between the government and major […]