imf-tunisia

IFC contributes a €100 million loan to OCP Group’s desalinated water pipeline project

IFC has granted a €100 million loan to OCP Group, contributing thus to complete the desalinated water pipeline to connect Jorf Lasfar to Khouribga, whose construction is progressing well and is expected to be completed soon. The loan will support the construction of a 219 km pipeline and a new pumping station The infrastructure will […]

Washington Denounces Continued Human Rights Violations in Algeria

The US State Department has slammed the continued human rights violations in Algeria wherein security forces routinely detained individuals who participated in prohibited strikes or protests. Overuse of pretrial detention remained a problem in this North African country, said the US annual Human Rights Report. Although the law prohibits arbitrary arrest and detention, authorities sometimes […]

Egypt: President Sisi warns Egyptians “tough or harsh” austerity policies are ahead

Speaking at a youth forum on leadership, President Sisi informed Egyptians that the government will be introducing austerity measures when it finalizes a $12billion three-year loan agreement, probably before the end of the month, with the International Monetary Fund (IMF). For the president, “the problem is whether the public opinion is prepared to accept the […]