IMF

Tunisia: Price-wage spiral led to key interest rate increase -BCT

The Central Bank of Tunisia (BCT) explained the raising of its key interest rate by “past and recent wage increases that are likely to maintain a price-wage spiral.” This spiral is very detrimental to the economy and accentuates macro-economic imbalances because of the impact on the consumption of imported products, the BCT said, according to […]

Morocco Named World’s Best Spa Destination

Morocco was celebrated at the World Spa Awards as the World’s Best Spa Destination thanks to its centuries-old Hammam heritage. This title, the second in a row taken by Morocco, was awarded at a recent gala ceremony in Vietnam. In addition to Morocco, the award short list included Egypt, Kenya, Mozambique, South Africa and Tanzania. […]

U.S. Bipartisan House Resolution Condemns Polisario as Terror Organization Funded by Tehran

A US Bipartisan House Resolution has condemned the recent provocative actions made by the Polisario Front and its foreign supporters, describing the separatist group as a terrorist organization funded by Iran. It is the first time that a bipartisan resolution has been introduced in the US congress condemning the connivance between Iran and the Algeria-backed […]