ECOWAS

Washington urges U.N. Chief to speed up appointment of new Sahara Envoy

U.S. Secretary of State Antony J. Blinken has called on U.N. Secretary-General Antonio Guterres to expedite the appointment of a new U.N. envoy for the Sahara in replacement of Horst Köhler, who stepped down on May 19, 2019 for “health reasons”.   The call was made during the virtual meeting held Monday by the U.S. […]

Algeria’s project programs not shaken by price slump, Minister Jallab

Finance Minister Mohammed Jallab has told Algerians that there is no need for alarm despite the low prices of oil and gas. He said the country is capable of handling such shocks. Algeria is a country that heavily relies on gas exportation. OPEC has decided not to cut its production in order to increase global […]

Algeria: IMF draws grim picture of economy

The International Monetary Fund (IMF) has painted a grim picture of the Algerian economy which has been weakened by the macroeconomic imbalances exacerbated by the Covid-19 pandemic and needs urgent structural reforms to maintain stability. “The coronavirus pandemic and concomitant decline in oil production and prices have seriously impacted the economy last year, leading to […]