Organisation internationale de la francophonie

IMF Expects Algeria Foreign Currency Reserves to Fall to $19.8 Bln in 2031

The International Monetary Fund (IMF) forecasts a decline in Algeria ‘s foreign exchange reserves from $51 billion in 2025 to $46.5 billion this year, before plummeting to 19.8 billion in 2031, a 61.2% contraction that would reduce the country’s import coverage from 8.6 months to 3.3 months. In a statement issued after concluding Article IV […]

EAC member states to postpone launching monetary union, single currency rollout

A special task-force has proposed to delay the implementation of the East African Monetary Union (EAMU) until 2031 from initial date of 2024, saying it is too soon considering members have not attained all requirements. The proposed delay is an indictment on the members’ commitment to achieve EAMU, a key pillar of integration. The EAMU […]

Yves Saint Laurent Museum Adds Fashion to List of Marrakech Landmark Attractions

A museum dedicated to the fashion house celebrating the works of great French designer Yves Saint Laurent has been inaugurated in Marrakach, the Red City that had such a strong influence on him. The museum, inaugurated Saturday by Princess Lalla Salma, the spouse of King Mohammed VI, is located on Yves Saint Laurent Street near […]