The Moroccan government needs to increase its 2024 budget by 14 billion dirhams ($1.4 billion) to meet expenditures linked to subsidizing electricity prices and wage hikes, minister delegate in charge of the budget Fouzi Lekjaa said. In a presentation at the finance committee in parliament, Lekjaa recalled that the government has approved a decree to […]
Morocco is about to tap into a $3 billion precautionary liquidity line, offered by the IMF in 2018 to help the country face external shocks, Moroccan media reported. The Moroccan government removed the limit on foreign debt on Monday in order to meet its financing needs amid a rise in expenditures and a drop in […]
Libya is now focusing on olive to compete with its neighbors in the region in a move to diversify its economy which depends on oil. The country is the 12th largest olive oil producer in the world, accounting for 0.25% of the global production, according to the United Nations Food and Agriculture Organization (FAO). Speaking […]
