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Morocco's Economic Resilience Showcased at IMF-World Bank Anniversary Event

Washington D.C. witnessed a celebration of the enduring partnership between Morocco and the International Monetary Fund (IMF) and World Bank Group on Wednesday evening. The event, hosted by the Moroccan Embassy, marked the first anniversary of the prestigious annual meetings held in Marrakech last year. Addressing......

Argentina's Poverty Rate Surges Amidst Austerity Measures

In a stark reflection of the economic turmoil gripping the nation, Argentina's poverty rate has surged to nearly 53% during the first half of President Javier Milei's administration. This alarming figure, released by the national statistics agency, marks the highest level of poverty seen in two......

Sri Lanka's New President Makes History: A Female Prime Minister Takes Charge

Sri Lanka's newly elected President Anura Kumara Dissanayake has appointed Harini Amarasuriya, an opposition lawmaker, as the country's first female prime minister in 24 years. This historic appointment comes at a time when Sri Lanka is grappling with an unprecedented economic crisis, and the......

Jordan's Political Transition: King Abdullah Appoints Reformist Government

AMMAN,  Jordan's political landscape has undergone a significant shift with the swearing-in of a new government led by Prime Minister Jaafar Hassan. King Abdullah II, in a move to accelerate much-needed reforms, has entrusted Hassan with the task of steering the country towards political and......

Morocco Tops Africa in ChatGPT Adoption, Ranks Second Globally

Morocco's burgeoning engagement with artificial intelligence (AI) tools, particularly ChatGPT, is a testament to the country's rapid technological advancement and societal integration of cutting-edge technologies. A recent survey has revealed that Morocco leads Africa in the adoption of AI tools,......

Egypt Amplifies Household Electricity Costs by 50% Amid Economic Reforms

Egypt has implemented a significant increase in electricity prices for households, with rates soaring up to 50%, according to government sources. This move is part of a broader strategy to phase out subsidies, aligning with an agreement with the International Monetary Fund (IMF). The electricity ministry......

Ethiopia’s Bold Move: Ending 50 Years of Currency Control

In a historic shift, Ethiopia has ended its half-century-long control over the birr, its national currency. Driven by unmanageable debts and dwindling foreign reserves, this decision marks a significant turning point for the Horn of Africa nation. In July 2023, Ethiopia liberalized its exchange rate......

Digital Currency Dilemmas: Will Morocco’s E-Dirham Defy Global Trends?

As the world increasingly leans towards digital solutions, the concept of Central Bank Digital Currencies (CBDCs) has gained momentum. Yet, while some nations have ventured into this realm, success stories remain elusive. With Morocco poised to introduce the e-Dirham, questions arise about its potential......

Morocco's Ascent: IMF Chief Praises Nation's Transformation

In a recent statement coinciding with Morocco's Throne Day celebrations, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), extolled the nation's remarkable economic and social advancements under King Mohammed VI's stewardship. Georgieva's commendation......