Business & Economy Bound

Morocco: Despite being an agricultural powerhouse, Morocco is experiencing soaring food pricesF

By Ismail Bellaouali: Soaring inflation in Morocco is driving up living costs and stirring public anger, and as food prices increase the country's export-led agricultural model is coming under fire. On April 8, protesters gathered outside parliament in the capital...
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Tunisia: Growing concern in Washington over Tunisia’s political and economic strugglesF

US Secretary of State Antony Blinken warned Wednesday that Tunisia urgently needs to reach a deal with the IMF, adding to dire EU warnings about the country's future. "The most critical thing they can do on the economic side is actually get an IMF agreement," Blinken...
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European Union’s foreign policy chief emphasizes energy in relation with AlgeriaF

The European Union's foreign policy chief Josep Borrell called Monday during a visit to Algeria for stronger energy cooperation with Africa's top gas exporter as well as enhanced security ties. About "90 percent of Algerian gas exports go to Europe, and we know we can...
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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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