72 General Debate – 20 September

Morocco’s Central Bank expects economy to shrink -5.2%, cuts rates to release liquidity

Morocco’s central bank cut the key interest rate from 2% to 1.5% to shore up the economy and reduced the reserve requirement for banks to 0% to release more liquidity. The Bank revised downwards its forecasts for 2020 to -5.2%, the lowest rate since 1996, compared with 2.5% in 2019, as the coronavirus impact and […]

Libya : Benghazi now an “Islamic emirate” under Ansar al-Sharia

A day after the militants of Ansar al-Sharia took over an army base in Benghazi and killing more than a score of soldiers, they have announced that Benghazi is now formally an “Islamic emirate.” The claim is however being denied by pro-government militias who called their withdrawal from “certain positions” was due to “tactical reasons.” […]

Palestine: Amended draft will be submitted before 2015

An amended version of the Palestinian draft resolution calling for a withdrawal deadline of the Israeli forces in the occupied territories is expected to be submitted to the United Nations Security council before the end of the year. Israel and the U.S have already stated that they are against the draft. According to reports, the […]