Morocco is set to increase its defense budget in support of the modernization process of its armed forces with a view of becoming Africa’s leading military power, Strategic Defence Intelligence said in a report. The report dubbed, “The Future of the Moroccan Defence Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2022,” underscores that […]
Morocco will continue to consider the IMF flexible credit line of $5 billion as precautionary and would only draw on it in case of external shocks like the Covid-19 pandemic, Morocco’s finance ministry said. The credit line is only granted to countries with sound macroeconomic and financial fundamentals and would add to Morocco’s credibility in […]
The World Bank has revised Tunisia’s 2024 economic growth forecast downward to 1.2%, compared to the 2.4% projected in April 2024. In its October 16, 2024 report, “Growth in the Middle East and North Africa,” the Bank expects Tunisia’s growth to stabilize at 2.2% in 2025. The report cites weak growth across the MENA region, […]
