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Morocco's Economic Outlook Brightens as Inflation Set to Drop to 1% in 2024

Morocco's inflation rate is projected to decline significantly, reaching a five-year low of 1% in the fourth quarter of 2024, according to Bank Al-Maghrib (BAM), the country's central bank. This marks a substantial improvement from the 6.1% rate recorded in 2023. Core inflation, excluding volatile......

Brazil's President Lula Recovering After Brain Surgery

Brazil's President Luiz Inácio Lula da Silva has been discharged from the hospital after undergoing emergency surgery to address a brain hematoma. The surgery followed a fall on October 19th at the presidential residence, which led to concerns over a growing hematoma. The 79-year-old president......

Strengthening Waste Management in Morocco: A New $250 Million Program from the World Bank

The World Bank has approved a significant financial boost for Morocco’s waste management sector with a $250 million grant aimed at improving the management of municipal solid waste. This initiative, called the Municipal Solid Waste Management Support Program, seeks to enhance both the financial......

EU Commissioner Visits Morocco, Pledges Support for Earthquake Recovery

European Commissioner for Neighborhood and Enlargement, Oliver Varhelyi, arrived in Morocco on Monday for a pivotal visit aimed at strengthening bilateral ties and advancing key development initiatives. Varhelyi’s mission is underscored by a €190 million funding agreement signed with Morocco’s......

Morocco and EU Partner to Advance Earthquake Recovery with €190 Million Investment

Morocco and the European Union (EU) have signed a €190 million (approximately 2 billion MAD) financing agreement aimed at accelerating the recovery of areas devastated by the 2023 Al Haouz earthquake. The deal, formalized in Rabat by Morocco’s Minister Delegate for the Budget, Fouzi Lekjaa,......

IMF Approves Second Review of Sri Lanka's $2.9 Billion Bailout, Cautions on Ongoing Economic Vulnerabilities

The International Monetary Fund (IMF) has approved the second review of Sri Lanka's $2.9 billion bailout package, marking a crucial step for the island nation’s recovery. Despite signs of stabilization, the global lender cautioned that Sri Lanka’s economic outlook remains fragile and......

Falling from the Middle Class: Economic Challenges in Indonesia

In Medan, North Sumatra, Indonesia, Halimah Nasution once enjoyed a comfortable life with her husband, Agus Saputra. Their wedding, graduation, and birthday rental business provided a stable monthly income of about 30 million rupiahs ($1,917), placing them in the upper tier of Indonesia’s middle......

Comprehensive Emergency Response Plan Unveiled for Valencia's Recovery

In the wake of the devastating DANA disaster, the Spanish government has launched an ambitious emergency response plan amounting to €10.6 billion, aimed at providing immediate relief to affected citizens, businesses, and local institutions. President Pedro Sánchez emphasized the urgency of......

Devastating Floods Leaves at Least 95 Dead, Dozens Missing, and Villages Flooded

A catastrophic weather event has struck the province of Valencia, resulting in at least 95 fatalities, including four children, and leaving dozens missing. The torrential rains, described as the worst in decades, have led to severe flooding, trapping individuals in vehicles, homes, and workplaces throughout......