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Libya: GNA Moves to Control Purse Strings
Libya’s unity government yet to be approved issued Monday a decree freezing all state and institutions bank accounts expect for accounts for state salaries. The decree followed a meeting between the Presidency Council, the Central Bank of Libya (CBL,) the Audit Bureau and major banks in an attempt to discuss the urgent financial and economic […]
World Bank: Tunisia’s trade deficit continues to widen amid soaring inflation
The trade deficit in Tunisia widened by record 56% in the first semester of 2022, reaching 8.1% of GDP, while the budget deficit, exacerbated by mounting energy and food subsidies, is expected to reach 9.1% in 2022, compared to 7.4% in 2021, according to the World Bank’s latest report. Inflation in this country rose from […]
Tunisia: Parliament approves Fakhfakh-led cabinet, members sworn in before President
Just hours after the Tunisian parliament green-lighted nominal Prime Minister Elyes Fakhfakh’s proposed cabinet on Wednesday, the new cabinet members were sworn in before President Kais Saied this Thursday. The endorsement of the 32-member cabinet by 129 lawmakers against 77 who rejected it brought out the country from a long political crisis and spared it […]



