Currency liberalization is the centerpiece of Morocco’s efforts to transform itself into North Africa’s main financial hub. The gradual Dirham float, which was announced early in January, will help Morocco attract more investments, IMF officials say. Morocco’s Central Bank launched a cautious and smooth liberalization of the Dirham starting with an anchor of 2.5% instead […]
Egypt’s economy might be heading for the worst as the board of the International Monetary Fund (IMF) meets in a few weeks to consider almost a $5 billion financing agreement amidst political crisis in the country. The board will be requiring that there is no major change in economic outlook or policy when it makes […]
A Red Cross team working in northern Mali has been kidnapped by an al Qaeda-linked Islamist group known as the Movement for Oneness and Jihad in West Africa (MUJAO), a spokesperson for the militants said earlier this week. The MUJAO official also told the media by telephone fromm the country’s capital, Bamako, that the members […]
