Morocco
Morocco calls for investigation into Bologna death
Morocco's foreign ministry said it was concerned by the death of a national during a police arrest in Bologna in Italy and urged a "thorough investigation".
IMF approves critical financial aid for Egypt
1 min Mena Today
The International Monetary Fund (IMF) has approved the immediate disbursement of $820 million to the Egyptian government, marking the first two installments of a $3 billion aid program initiated in late 2022.
Amid inflation and currency devaluation, the Central Bank of Egypt hiked interest rates significantly, affecting the Egyptian pound © Mena Today
The International Monetary Fund (IMF) has approved the immediate disbursement of $820 million to the Egyptian government, marking the first two installments of a $3 billion aid program initiated in late 2022.
This long-awaited financial support comes as Egypt faces escalating economic difficulties, with the IMF also endorsing an additional $5 billion increase early this month, raising the total funds loaned to Egypt to $8 billion.
Despite meeting most program milestones, Egypt fell short on foreign reserve levels.
Amid inflation and currency devaluation, the Central Bank of Egypt hiked interest rates significantly, affecting the Egyptian pound and living standards.
Despite these challenges, the IMF forecasts positive growth and inflation reduction for Egypt by 2024/25.
Related
Morocco
Morocco frees dissident journalist Ali Lmrabet
A Moroccan prosecutor said on Wednesday he had ordered the release of veteran journalist and political commentator Ali Lmrabet after questioning him, although an investigation continues following allegations of defamation and libel.
Sudan
G7 targets arms flows as El-Obeid burns
G7 foreign ministers and the European Union's foreign policy chief on Wednesday urged Sudan's Rapid Support Forces and allied armed groups to stop all actions that could lead to further atrocities or endanger civilians in El-Obeid.
Subscribe to our newsletter
