Morocco IMF

Algeria: Foreign Exchange Reserves to Fall to $116bln by End of 2016

The fall in oil prices has taken a toll on Algeria’s foreign exchange reserves, which are expected to decline to $116 billion, Algria’s Prime Minister Abdelmalek Sellal said. At a context of a long-term slump in oil prices, the Algerian government is planning further cuts to curb spending over the next few years after the […]

Sahara: Brazil Senate Supports Morocco’s Autonomy Plan, Dealing another Blow to Polisario

The Polisario leadership has been hit by another devastating setback in Latin America, a former bastion of the separatist group, backed by the Algerian regime, which is currently fighting for its survival under unprecedented popular revolt.   The latest of the long diplomatic and political failures suffered by the secessionists took place in Brazil where […]

Morocco to increase annual spending on social safety nets to $5bln

Morocco plans to increase spending on social protection to 5 billion dollars annually, covering mandatory health insurance, direct cash handouts to needy social categories, and housing acquisition aid, head of the government Aziz Akhannouch said. Speaking to members of Parliament, Akhannouch said the measures are in implementation of the King’s directives to move towards a […]