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Algeria risks bleak economic prospects in 2026 as Oil prices slump

Algeria’s state-led economic model faces growing vulnerabilities as global oil prices weaken and fiscal imbalances deepen, while diversification stalls. Latest IMF and World Bank assessments reveal a troubling mix of widening deficits, persistent unemployment, and distorted macro indicators that mask underlying fragility. The IMF projects average oil prices at $65.8 per barrel in 2026, down […]

AU Summit: Morocco’s commitment to achieving development goals in Africa stems from King’s strategic vision (FM)

Morocco’s commitment to achieving development goals in Africa is part of the strategic vision of King Mohammed VI, said Minister of Foreign Affairs, Nasser Bourita, who is representing the Sovereign at the 37th African Union Summit being held Saturday and Sunday in Addis Ababa. Bourita recalled in this regard that the King stressed in his […]

IMF chief lauds Morocco’s swift earthquake response

Head of the IMF Kristalina Georgieva lauded Morocco’s rapid and efficient response to the earthquake following a visit to the stricken areas. Morocco showed “unmatched solidarity by the King and the people,” said Georgieva at an event marking the launch of an IMF book on Morocco’s growth potential presented at the IMF-WB annual meetings center […]