First Independent Mena Newspaper
The European Union has granted Mauritania €9.5 million earmarked to prop up the national budget of the African country in favor of some reforms in the areas of education and health. The reforms in education and health seek to support the implementation of the strategy for accelerated growth and shared prosperity, known as SCAPP launched […]
The United States has outlined the measures the government of Zimbabwe can take for Washington to end its sanctions on the country, but warns that confidence building measures are needed for bilateral re-engagement. On 19 October, the US Department of State called for President Emmerson Mnangagwa’s government to prosecute former and current regime officials responsible […]
Morocco has implemented reforms to achieve inclusive growth, improve governance and fight corruption and is “leading the way in the region and in the continent,” said IMF managing director Kristalina Georgieva. Morocco thanks to its role and investments in Africa is well-placed to be the venue for the annual meetings of the IMF and WB […]
Algeria continues to face important challenges posed by lower oil prices, says the International Monetary Fund Executive Board after concluding Article IV consultation with the North African country. Economic growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016, partly under the effects of spending cuts. Inflation increased from 4.8 percent in 2015 to […]
Director of the International Monetary Fund Christine Lagarde lauded Morocco for the efforts it undertook to restructure its economy. In an interview with weekly magazine, Jeune Afrique, Lagarde said Morocco is leading successful restructuring of its economy without depending on oil or agricultural commodities. She recalled that the credibility of Morocco’s reform earned it an […]
Eric Le Borgne, lead economist at the World Bank, has urged Lebanese policy makers to focus on the country’s longstanding and worsening structural challenges because they are becoming more binding if the international ranking among key investment climate assessments is taking into consideration. Regional conflicts and the influx of refugees increased pressure on the country’s […]
Egypt’s Minister of Investment Ashraf Salman has shown his determination to revive the economy if there is political stability. He has fixed the bars for his term in office as he set his sights on increasing the Foreign Direct Investment (FDI) by almost 100%. In 2008, Egypt’s FDI reached $13,2billion but shrunk drastically after the […]