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Tag: IMF
Algeria Secures Italian Supply Deal as Foreign Exchange Reserves Dwindle
Algeria which has suffered a sharp decrease in oil revenues is seeking desperately to fill in its coffers with an Italian supply deal. The country’s ... Read More
Algeria’s Trade Deficit Widens as Low Oil Prices Continue
The drop in oil prices has taken a heavy toll on Algeria’s budget revenues with the trade deficit expanding to 15.8 billion dollars as of ... Read More
Morocco’s External Debt Rises to 313 Billion Dirhams in June 2016
Morocco’s external debt reached 312.9 billion dirhams by June 2016 up from 301 billion dirhams by the end of 2015, Economy and Finance Ministry said ... Read More
Algeria to Privatize Banks in Response to Oil Price Slide
State-owned banks in Algeria will soon be allowed to list in the stock exchange as Algiers continues to stumble in the aftermath of the plummeting ... Read More
Algeria’s Trade Deficit Deepens to 14 bln Dollars
Algeria’s trade deficit slipped into 14 billion dollars in the first 8 months of 2016 because of the fall in oil revenues, propelling the government ... Read More
North Africa Tourism Badly Hit By Terror Threat
The tourism industry in many North African countries was affected this year by the terror threats as travelers avoid popular destinations such as Egypt, Tunisia, ... Read More
Egypt: Cabinet Lambasts Western Media Critical of al-Sisi’s Economic Management
The Egyptian government has slammed New York-based Blomberg media and London-based The Economist for their critical reports on the Egyptian economy, which, they said, is ... Read More
Controversy Surrounds IMF-EGYPT $12 billion Loan Deal
The International Monetary Fund (IMF) recently reached an initial agreement to lend $12 billion to Egypt to bolster an economy battered by years of unrest, ... Read More
Egypt: President Sisi warns Egyptians “tough or harsh” austerity policies are ahead
Speaking at a youth forum on leadership, President Sisi informed Egyptians that the government will be introducing austerity measures when it finalizes a $12billion three-year ... Read More
Egypt to Receive IMF Bailout
An International Monetary Fund delegation is expected in Cairo this weekend to discuss a multibillion-dollar support program for cash-strapped North African country. The Egyptian economy ... Read More