Business & Economy Bound

Morocco applies for $5 bil IMF loan, likely to get the loanF

On 6 March 2023, the International Monetary Fund’s (IMF) Executive Board met in an informal session to consider a request from Morocco for a two-year loan arrangement under the IMF’s Flexible Credit Line (FCL). The amount under consideration is US$ 5 billion. The...
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Tunisia: World Bank suspends new lending to Tunisia after President Saied issued racist commentsF

By Paul Raymond: The World Bank has effectively suspended new lending to cash-strapped Tunisia after President Kais Saied sparked accusations of racism with incendiary comments against sub-Saharan African migrants. Migrants from sub-Saharan Africa have faced a wave of...
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Egypt to sell citizenship for money to compensate for bankrupt economyF

Egypt announced Wednesday it is offering citizenship to foreign investors willing to spend at least $250,000 in the country, as it struggles to fill its depleted coffers. According to state newspaper Al-Ahram, a decision by Prime Minister Mostafa Madbouli published in...
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Egypt arrests 29 over alleged online crypto scamF

Egyptian authorities have detained 29 people, including 13 foreigners, accused of running an online cryptocurrency scam that defrauded thousands of investors, state media reported Sunday. The network pocketed about $620,000 at the expense of its victims in the country...
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