Morocco to treat IMF credit line as precautionary

Morocco will continue to consider the IMF flexible credit line of $5 billion as precautionary and would only draw on it in case of external shocks like the Covid-19 pandemic, Morocco’s finance ministry said. The credit line is only granted to countries with sound macroeconomic and financial fundamentals and would add to Morocco’s credibility in […]

Egypt’s external debt drops 5% in Q4 FY2023/24 – WB

Egypt’s external debt reached a record $168.1 billion in 2023, a 2.9% rise from the previous year and the highest level since 2012, according to the World Bank’s International Debt Report (IDR) released on December 3. However, the Central Bank of Egypt (CBE) reported a 5% quarterly decline, with external debt falling to $152.88 billion […]

Atheist Shrugged: Muzzled US candidates cannot debate Republicans on Ayn Rand

What muzzle did US Vice President Joe Biden agree to wear in the veep debate against Rep. Paul Ryan, the runningmate of Republican Mitt Romney? Pres. Barack Obama appeared to be muzzled also during his appearance with Mr. Romney in Denver 8 days earlier. Why the word “muzzle?” The incumbents and the hopefuls for the […]