CIA

Algeria: $58 billion of Foreign Exchange Reserves Lost in 2 Years

Collapse of oil revenues and sharp increase in importations have caused a huge dent in Algeria’s foreign reserves with figures pointing at $58 billion loss since 2014; year of exceptional growth, the country’s Prime Minister said on Sunday. Prime Minister Abdelmalek Sellal at a tripartite meeting including government, worker’s syndicate and employers, indicated that Algeria […]

Algeria’s public finances vicious circle

Algeria’s appropriation bill for 2024 continues on track of prioritizing social peace at the expense of sustainability of public finances, auguring ill for the medium- and long-term macroeconomic balances of the country. The Algerian state will spend 38 billion dollars on its inflated public sector payroll, which takes the largest chunk of budget distribution. Civil […]

Morocco launches Action Plan to combat exploitation of children for begging

The Moroccan government launched Wednesday a comprehensive national action plan to fight forced child begging. This inclusive plan, which outlaws the use of children as begging props, will be tested in the cities of Rabat, Temara and Salé before it is expanded to other regions of the North African country. The plan lays emphasis on […]