First Independent Mena Newspaper
Morocco and the IMF are in the early stages of negotiating a flexible liquidity line as a precaution against external shocks, including imported inflation. The news was unveiled by central bank governor Abdellatif Jouahri earlier this week and confirmed later by IMF representative to Morocco Roberto Cardarelli, who said Morocco was seeking a flexible credit […]
UGTT, Tunisia’s mighty labor union, Thursday slammed the International Monetary Fund (IMF) for exerting pressure on the organization to back reforms proposed by the government as a condition to grant the North African country a multiple-billion dollar loan needed to support the economy. The accusation was leveled by the organization’s deputy Secretary General Samir Cheffi, […]
Morocco has adopted an ambitious program to generalize social protection and mandatory health coverage to all citizens, in a move conducive to the government’s efforts to curb the size of the informal sector, the central bank governor Abdellatif Jouahri said. The informal sector represents 30% of Morocco’s GDP and reducing its scale requires policies that […]
Moroccan Minister of Economy and Finance, Nadia Fettah Alaoui, met, Wednesday in Rabat, with a delegation of the International Monetary Fund (IMF) led by the Fund’s Deputy Managing Director, Antoinette Monsio Sayeh. The meeting was an opportunity for Fettah Alaoui to exchange views with the IMF official on the national and international economic situation and […]
Morocco is among the countries that reacted the fastest to the Covid-19 crisis, said Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) in an interview published by French magazine Le Point. The Kingdom has put in place several instruments of support and social protection, targeting mainly […]
The International Monetary Fund (IMF) on Wednesday hailed the “targeted measures” adopted by Morocco to mitigate the impact of soaring energy prices on economy. “The Moroccan government is today undertaking a set of targeted measures, including support for the transport sector of people and goods to relieve the rise in energy prices on production,” underlined […]
An International Monetary Fund team of experts will travel to Tunisia late this month to continue talks with authorities about the North African country’s request for a loan. “A small team of IMF experts plans to visit Tunisia this month for further discussions with the authorities to build on what I can describe as good […]
The World Bank Tuesday announced the intent to provide $400 million to Tunisia in view of backing social reforms. Ferid Belhaj, World Bank Vice President for Middle East and North Africa, made the announcement to Tunisian Prime Minister Najla Bouden during a visit. The World Bank official also indicated that the US-based institution will help […]
The World Bank Group-IMF Annual Meetings, initially scheduled to take place in Marrakech in October 2022, will take place in 2023, the two financial institutions announced in a press release this Monday. “The planned World Bank Group-IMF Annual Meetings that were scheduled to take place in Marrakesh, Morocco, in October 2022, will now take place […]
Tunisia has pledged to the International Monetary Fund (IMF) to freeze salaries and recruitments in public sector from next three years until 2024, local powerful NGO I Watch has revealed, citing a leaked document about the ongoing negotiations for a loan between the North African country and the Washington-based lender. Tunisia is talks with the […]