First Independent Mena Newspaper
Morocco’s 2025 budget has allocated 340 billion dirhams ($34.5 bln) to public investments, up 1.5% from last year. The investments would focus on key sectors such as renewable energies, telecommunications, housing, farming, electricity, water, phosphates, roads, and transports, according to the draft budget. The 2025 assumes a 4.6% growth rate in 2025, up from 3.3% […]
The Executive Board of the International Monetary Fund (IMF) has announced a preliminary agreement to provide financial support to Tanzania and Mauritania, totaling approximately $428.15 million, to help both countries pursue crucial economic reforms. For Mauritania, the IMF will disburse around $39.7 million through the Resilience and Sustainability Facility (RSF), alongside an additional $8.6 million […]
The Central Bank of Libya (CBL) has unveiled a significant initiative aimed at bolstering the country’s banking sector by allocating 15 billion dinars (over 3 billion USD) to all operational banks in the coming months. This distribution is set to be implemented across all bank branches throughout Libya. This announcement followed a crucial meeting held […]
In a recent interview with Atalayar, Spanish historian Julio Crespo MacLennan offered a compelling vision of Morocco’s pivotal role in the region and its potential for future growth. MacLennan, a renowned expert in international relations and author of seven books, painted a picture of Morocco as a unique nexus between Africa, the Mediterranean, and the […]
UN Secretary General Antonion Guterres highlighted in his annual report on the Sahara territory the relevance of Morocco’s Atlantic initiative to offer the Sahel access to the Atlantic. Guterres referred to the Royal initiative “for the Atlantic coastline becoming a gateway for trade and economic integration with Africa and the Americas by facilitating access for […]
The Moroccan government has elaborated a 2025 budget that bolsters spending on social protection as well as on the health and education reform, finance minister Nadia Fettah Alaoui said. The government will press ahead with the generalization of mandatory health coverage, financial assistance to needy families, and will launch the generalization of the pension system, […]
Tunisian lawmakers are preparing a law that would remove the exclusivity of the central bank in setting the benchmark interest rate, thus ending the bank’s monetary policy independence. The bill suggests that the central bank should set the interest rate after the approval of the government. President Kais Saied has often taken aim at the […]
The European Council, the body that defines the European Union’s overall policies and priorities, called for strengthening ties with Morocco at all levels, echoing similar calls by member states following a politically biased verdict by the ECJ. The ECJ has meddled in the EU’s deals with third parties annulling trade deals with Morocco because they […]
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, […]
A Ministers’ Council, convened Friday in Rabat under the chairmanship of King Mohammed VI, debated and adopted the 2025 appropriation bill which seeks to boost social cohesion, enhance economic sovereignty, and to achieve a strong economic recovery, with a growth rate of 4.6% in 2025, and a limited inflation rate at 2%. At the start […]