The IMF agreed to offer Egypt a loan worth 8 billion dollars under an Extended Fund Facility to support the country’s economic stability. Following its review, the IMF noted that Egypt’s recovery was slowed by rising global inflation, foreign exchange shortages, and elevated debt levels. Egypt is also struggling with new challenges such as the […]
UN Secretary General António Guterres meets this Thursday Head of the UN Mission for the Sahara (MINURSO) Colin Stewart, whose mandate ends on October 31, 2021, according to UN sources. This meeting comes as the Sahara talks are at a standstill since the two round-table meetings held in Geneva more than two years ago, while […]
A decrease in rainfall since 2015 combined with a surge in demand on water triggered a fall in dam filling rate to an average 45% nationwide. Drought has affected in particular this year’s cereals harvest, which was slashed by 49% to 3 million tons, and critically reduced water reserves in some regions. Water reserves fell […]
