IMF

Sahara: EU Hails Morocco’s “Serious & Credible” Efforts Seeking Realistic & Lasting Political Solution

The European Union has welcomed the “serious and credible” efforts made by Morocco to solve the Sahara regional conflict, saying that these efforts were recognized by the UN Security Council in its resolution 2468 adopted end of April 2019 with a large majority.   In the joint declaration issued in Brussels Thursday following the 14th […]

Ceuta’s economy contracts 40% after Morocco closes borders

The economy of the occupied enclave of Ceuta contracted 40% after Morocco closed its borders, said right-wing governor Juan Vivas. The governor, known for hostile stands against Morocco, called on the EU to adopt reciprocal stands against the North African Kingdom. Morocco has closed its borders with Spain to avert a surge in coronavirus especially […]

IMF approves $1.2 billion for Egypt following economic review

The International Monetary Fund (IMF) Executive Board completed its fourth review of Egypt’s economic reform program under the Extended Fund Facility (EFF) arrangement, granting the country immediate access to approximately $1.2 billion. The approval, announced on Tuesday March 11, marks a significant step in Egypt’s ongoing efforts to stabilize and reform its economy with the […]