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Russia, Mozambique deepen defense and energy ties, aiming to diversify foreign investment

Russia and Mozambique reaffirmed their longstanding defense partnership during a diplomatic visit to Moscow by Mozambican Foreign Minister Maria Manuela dos Santos Lucas. The talks with Russian Foreign Minister Sergey Lavrov highlighted both countries’ commitment to strengthening military cooperation and expanding economic ties, particularly in the energy sector. Lavrov pledged continued Russian support for enhancing […]

Inflation could “inflame social tensions”, warns IMF

The global economic outlook is “darkening”, the managing director of the International Monetary Fund (IMF) said on Wednesday, citing the war in Ukraine and the “commodity price shocks” it has caused among the main reasons. The IMF plans to publish later this month “a further downgrade” to its growth forecasts “for both 2022 and 2023”, […]

IMF congratulates Morocco for COVID-19 vaccination performance

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has congratulated Morocco for the progress made in COVID-19 vaccination, as well as for its anticipatory strategy aimed at mitigating the effects of the health crisis and ensuring economic recovery.   At a virtual meeting held on Friday with Minister of Economy & Finance […]