First Independent Mena Newspaper
As Egypt navigates its economic recovery, a notable divergence has emerged between Government projections and IMF estimates regarding public debt reduction. While the Egyptian Government targets a reduction of public debt to 85% of GDP by the end of FY2024/25 and to 80% by mid-2027, the IMF forecasts a slower decline from 92.9% to 73.9% […]
The IMF expects Morocco’s economy to grow 6.3%, the highest rates among its MENA peers, as the country continues its fiscal and monetary stimulus. Morocco’s economic performance is also credited thanks to its “successful vaccination campaign” which enabled the country to contain the pandemic and allow the economy to rebound, the IMF said after its […]
Heads of State and Government from some 15 African countries attended the 20th replenishment meeting of the International Development Association, commonly known as IDA-20. This year, the African heads of state have called for an ambitious replenishment of the ida-20, at least $100 billion, to support their recovery agenda and help revive their economies, which […]
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has congratulated Morocco for the progress made in COVID-19 vaccination, as well as for its anticipatory strategy aimed at mitigating the effects of the health crisis and ensuring economic recovery. At a virtual meeting held on Friday with Minister of Economy & Finance […]
Tunisia has been already facing an acute economic crisis when Covid-19 propelled a downturn that cost the jobs of 165,000 people. The tourism-reliant economy has been gradually recovering from the fallout of instability and terrorist attacks on arrivals when the pandemic shattered hopes for a swift recovery. So far, 40% of handicraft enterprises and 35% […]
Head of Moroccan employers association (CGEM) Chakib Alj said the key interest rate and reserve requirement cut to 1.5% and 0% respectively are conducive for an economic recovery from the repercussions of the coronavirus. These cuts give banks more flexibility in financing enterprises during this crisis notably SMEs, he told local media. The government has […]