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IMF Director: Price stability is a basic condition to achieving growth; WB President eyes longer, cheaper loans

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Friday that price stability is “is a prerequisite for growth and it protects people, especially the poor.” This means the fight against inflation remains paramount. In her address at the plenary session of the 2023 annual meetings of the World Bank and the […]

Oil investment: British-supermajor BP to explore offshore Gambia

British oil giant BP has signed an agreement with Gambia’s government to explore offshore hydrocarbons potential in the West African nation. The London-listed company now has “the legal rights” to explore for oil and gas potential in block A1 offshore Gambia, the office of the Gambian president Adama Barrow said in a statement. Block A1 […]

Morocco rejects use of force in international disputes

In reaction to the unfolding crisis in Ukraine, Morocco said it respects the sovereignty and territorial integrity of all UN member states and rejects the use of force in resolving international disputes. “The Kingdom of Morocco reiterates its attachment to the principle of non-recourse to violence in settling disputes between states and encourages all initiatives […]