moroccan Sahara

Central Bank cuts interest rate to boost economic activity amid drought, coronavirus fears

The Central Bank cut its benchmark interest rate to 2% to boost economic activity, which, like elsewhere in the world, is expected to reel under the impact of the coronavirus outbreak. Drought has complicated the outlook for Morocco, which expected a contraction of agricultural output plunging growth to 2.3%, according to the central bank. The […]

In Q4 of 2023–2024, Egypt’s State debt decreases by 2.1%

Egypt’s total public debt fell by 2.1 percent in the final quarter of the 2023/2024 fiscal year, according to the Ministry of Finance. By the end of June, the debt had decreased to LE 12.52 trillion from LE 12.78 trillion recorded in March 2024. This reduction was primarily driven by a 2.7 percent decline in […]

UN Envoy De Mistura invites representatives of parties to Sahara conflict to bilateral consultations

The Personal Envoy of the UN Secretary-General for the Sahara, Staffan de Mistura, has invited the representatives in New York of Morocco, Algeria, Mauritania and Polisario “to informal bilateral consultations with him,” ahead of his upcoming briefing to the Security Council due next month. The announcement was made Tuesday by Mr. Stéphane Dujarric, Spokesman for […]