Terrorists

Egypt seeks to get $1.5bn loans before 2016

Egypt is seeking to get $1.5 billion loans from the World Bank and the African Development Bank as fears increase that the Egyptian pound would be devalued if the dwindling foreign currency reserves go below $15 billion. The country has been struggling since 2011 to stabilize its economy and finances shaken by the protests that […]

AU-PSC: Morocco reiterates need to place youth issues at heart of peace-security-development nexus in Africa

Morocco has reiterated the need to place youth issues at the heart of the peace-security-development nexus in Africa and stressed the potential that youth represent for the growth and development of the continent. 40% of the population of the African continent is under 25 years old, stressed the potential that this population represents for the […]

IMF Supports Morocco to Achieve Gradual Dirham Float

The IMF expressed its support for the Moroccan authorities’ plan to gradually transition to a more flexible exchange rate regime, which should support the economy’s ability to absorb external shocks, and preserve competitiveness. The statement was made by Nicolas Blancher, head of the IMF consultation mission, in a press release that conveyed the preliminary findings […]