Libya: UN-Brokered Peace Plan Hits Snag Again

The internationally recognized government of Libya has refused to endorse the UN peace deal offering power-sharing with rival Islamists, prompting serious concerns over future of this North African country and risks of escalation of violence. A spokesperson for the internationally recognized parliament said the Tobruk lawmakers will not sign the agreement to form a unity […]

WB Backs Algeria Efforts to Diversify Its Economy

The World Bank has voiced support for the efforts made by Algeria to diversify its oil-dependent economy, boost the private sector, improve governance and create job opportunities for the young people & graduates. At the end of a three-day visit to the North African country, WB Vice President for the Middle East and North Africa, […]

Morocco’s central bank increases three-fold banks refinancing capacity

The Central bank said it will intervene to ensure there is enough cash for banks through increasing three-fold their refinancing capacity in dirham and hard currency. The move comes as a lifeline for Moroccan banks to offset the financial repercussions of coronavirus and help them offer loans for enterprises and households, the central bank said […]