First Independent Mena Newspaper
Battered by the oil price slump, Algeria will abolish gasoline subsidies in 2019 as it continues to implement time-buying measures, including import restrictions and money printing. Finance Minister Abderrahmane Raouia confirmed the news to reporters saying that his government plans to undertake a subsidy reform in a bid to reduce the soaring budget deficit as […]
Reduction of subsidies for basic materials is underway in Tunisia although the government is being mindful to incite protests. An economic dialogue has been organized to ease its implementation but some opposition parties have decided to boycott it. The government believes that cutting subsidies is necessary to reduce the budget deficit. Trade Minister Najla Harouch […]
According to the analyses of the president of Canada’s International Development Research Centre (IDRC), David Malone, the 4.8 billion International Monetary Fund (IMF) loan is insufficient to end to end Egypt’s economic woes. President Malone is in Cairo when he said that what Egypt needed is not a “western tailored” development model. Malone, a renowned […]