Fighter jet

Morocco: WB backs reform program targeting poor, vulnerable layers with $500 million loan

The World Bank (WB) has just approved a $500 million loan to improve protection against health risks, childhood human capital losses, old-age poverty and climate change in Morocco. This is the first in a series of three grants for a government reform program that is concurrently receiving support from other development partners, the Washington-based organization […]

Three West African coup-hit states ponder ditching French colonial currency

Junta leaders in the coup-hit West African countries have recently made headlines when they pushed for the ditching of the West African franc (CFA), a colonial-era legacy, though the desire to change the currency seems to not be uniform yet among the three juntas. Since the coup in Niger in July last year, fissures within […]

Egypt’s Central Bank:The Country’s Economy’s “Sluggish”

Egypt’s gross domestic product (GDP) growth rate continued to slow down in the first quarter of the 2013/2014 fiscal year to reach slightly more than 1 percent compared to 2.1 percent in 2012/2013, according to the Egypt’s Central Bank. Deputy CBE governor Ranaia al-Mashat said in his statement that economic activity remained sluggish in the […]