Egypt: New government says no to taxation

Egypt’s Minister of Finance, Dr. Ahmed Galal, has declared that the government will increase its spending or at least maintain it without increasing taxes or imposing new ones. He claimed the government has “multiple resources” to support its budget. Morsi’s government tried to reduce public spending as requirements for a loan from the International Monetary […]

Historic debt relief agreement marks new chapter in US-Somalia relations

Somalia has achieved a significant financial breakthrough with the United States agreeing to cancel more than $1.1 billion in outstanding loans, representing approximately one-quarter of the nation’s remaining debt burden. This historic agreement marks a crucial step in Somalia’s economic recovery from decades of financial isolation. The debt, largely accumulated during the military dictatorship that […]

Morocco: Law on public access to information enters into force

A landmark Moroccan law guaranteeing public access to information entered into force this Thursday. The move is a major forward step enhancing the country’s democratic transition, good governance and transparency. Under the new law stipulated in the Constitution of 2011, public authorities, courts, public administrations or private establishments offering public service… are obliged to publish […]