First Independent Mena Newspaper
The International Monetary Fund will shortly disburse $400 million to support Tunisia in its fight against the Coronavirus pandemic. The announcement was made by Finance Minister Nizar Yaich on a private radio station. This sum of money will be disbursed in the coming two to three weeks, he added. IMF Managing Director Kristalina Georgieva said […]
The World Bank has granted Egypt a $500 million additional financing destined to support ongoing efforts to improve the affordability of formal housing for low-income households, the Washington-based institution said in a statement. The financing also seeks to strengthen Egypt’s Social Housing and Mortgage Finance Fund capacity to design policies and coordinate social housing programs. […]
The advent of the coronavirus and its tragic fallout on human lives, social order and the economy have undermined the neoliberal order as a return to the welfare state sounds best suited to deal with such repercussions. The state has taken health, security, education and the ordinary functioning of the market into its […]
A Moroccan committee adopted a series of measures, including stipends for the unemployed and loan and tax deferrals for enterprises in difficult financial conditions due to the coronavirus outbreak. Employees who lost their jobs will receive 2000 dirhams monthly and continue to benefit from family allowances and mandatory health coverage as well as a three-month […]
Since the King called for the setting up of a special fund to upgrade health services, help most hit sectors by coronavirus and maintain jobs, donations kept flowing from public institutions, the private sector, state officias, employees and individuals. The fund which was targeting 10 billion dirhams received more than 25 billion dirhams as different […]
Moroccan public institutions, private companies, officials, Mps and individuals are closing their ranks bringing valuable contributions to the special fund to counter the coronavirus pandemic which exceeded 10 billion dirhams ($ 1 bln). King Mohammed VI called on Sunday for the setting of the $1 billion fund to boost health infrastructure and mitigate the economic […]
On the proposal of its main shareholder, the Al Mada Board of Directors donated more than $200 million to the special fund dedicated to the management of the Coronavirus pandemic in Morocco. This important initiative translates the great interest and commitment of King Mohammed VI in managing the Coronavirus crisis, which is affecting the Kingdom. […]
The Central Bank cut its benchmark interest rate to 2% to boost economic activity, which, like elsewhere in the world, is expected to reel under the impact of the coronavirus outbreak. Drought has complicated the outlook for Morocco, which expected a contraction of agricultural output plunging growth to 2.3%, according to the central bank. The […]
Morocco will set up a $1 billion (10 billion DH) special fund for the management of the Coronavirus pandemic. The Royal Office said in statement issued this Sunday that King Mohammed VI gave his high instructions to the government “to create immediately a special fund dedicated to the management of the Coronavirus pandemic.” “The earmarked […]
Moroccan government has earmarked $5.7 million to help farmers protect their livestock and ease their concern over the delay of rainfall. The funds will be used for the purchase and transportation of fodder to rural zones and remote villages to enable farmers to keep their cattle. These emergency measures were announced lately by minister […]