First Independent Mena Newspaper
The International Monetary Fund (IMF) expects Mauritania’s real GDP growth to reach 4.2 percent in 2016 thanks to a rebound in mining production. After concluding a recent review of the country’s economic situation, the IMF says economic activity in the non-extractive sector is expected to remain subdued, with growth slowing marginally to 2.9 pc in […]
The Executive Board of the International Monetary Fund (IMF) has completed its 3rd and last review of Morocco’s economic performance under a program supported by a two-year Precautionary and Liquidity Line (PLL) arrangement, and reaffirmed Morocco’s continued qualification to access PLL resources. The current two-year PLL arrangement in an amount equivalent to SDR 3.2351 billion […]
The International Monetary Fund (IMF) and the African Development Bank (ADB) have approved this week release of billions in form of loans to Egypt in order to support its weak budget suffering from lack of foreign assistance and a huge domestic debt, reports say. The IFM according to reports has approved the first $1 billion […]
Morocco’s macroeconomic situation continues to improve. After declining to 2.4 pc in 2014, growth is expected to reach 4.7 pc in 2015 thanks to a good agricultural season and improvements in construction activity, said the International monetary fund (IMF). However, non-agricultural growth remains sluggish, including in sectors related to tourism, which are affected by geopolitical […]
Egypt is seeking to get $1.5 billion loans from the World Bank and the African Development Bank as fears increase that the Egyptian pound would be devalued if the dwindling foreign currency reserves go below $15 billion. The country has been struggling since 2011 to stabilize its economy and finances shaken by the protests that […]
International Monetary Fund Director General Christine Lagarde voiced the international financial institution’s determination to support Tunisia in a “widened partnership” and renewed her confidence in Tunisia’s ability to face its challenges. Lagarde who arrived in Tunisia on Tuesday for a two-day working visit, her second to the North African country since she took office, made […]
“Is it better to deplete the reserves or is it better to depreciate the pound?” The question was raised by Egyptian Investment Minister Ashraf Salman during a conference on Sunday, after the Central Bank announced earlier in the day that the net international reserves have fallen to $18.1billion. According to the Investment Minister, “at this […]
The United Nations plans to raise $1.6 billion from donors in favour of Zimbabwe between 2016 and 2020, to improve agriculture, food security, health and governance in Zimbabwe between 2016-2020, its resident coordinator in Zimbabwe, Bishow Palajuli, said on Friday 29th May. Bishow Palajuli, the UN’s resident coordinator in Zimbabwe said the global agency had […]
A press release from the International Monetary Fund (IMF) has announced that Tunisia’s Stand-By Arrangement (SBA) for a loan around $1.75 billion has been extended to the end of year in order to give time to the authorities of the North African country to “implement the policy measures needed to deliver on forward-looking commitments—notably on […]
Tunisia will soon be receiving the first tranche of the €300 million Macro Financial Assistance (MFA) program that the European Union allocated to the country in May 2014 to help it overcome its financial crisis. The amount is a loan that supports the Stand-by Agreement that was approved by the International Monetary Fund (IMF) in […]