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Keywords: Debt


Egypt's Soaring Interest Rates: A Double-Edged Sword for Economic Growth

Egypt currently holds the distinction of having the highest interest rates among all Arab nations, with a staggering 27.25% set by its central bank. This monetary policy decision reflects Egypt's aggressive strategy to attract foreign investment in treasury bonds and bills, particularly in response......

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......

Kamala Harris's Economic Tightrope: Navigating Challenges as Presidential Contender

As Kamala Harris gains momentum in the United States presidential race, surpassing Republican opponent Donald Trump in polls across five crucial swing states, economic experts are raising concerns about the potential hurdles she may encounter in implementing her fiscal agenda. The year 2025 looms as......

Temporary Foreign Worker Program in Canada Decried as 'Breeding Ground for Slavery'

Canada's reliance on temporary foreign workers has faced severe criticism from a United Nations special rapporteur, who has labeled the program as a "breeding ground for contemporary forms of slavery." The scathing report from UN investigator Tomoya Obokata reveals troubling power imbalances......

Moroccan Oil Refinery Saga: Kingdom Refutes Billion-Dollar Claim in International Arbitration

In a significant development in the ongoing saga of Morocco's sole oil refinery, the North African kingdom has decisively rejected a substantial $2.7 billion compensation claim brought forth by Saudi entrepreneur Mohammed Al Amoudi. This rejection comes on the heels of a concluded arbitration procedure......

Morocco's Fiscal Fortitude: Lekjaa Unveils Roadmap to Reduce External Debt

In a comprehensive address, Fouzi Lekjaa, the Minister Delegate in charge of the Budget, outlined Morocco's strategic approach to tackling its external debt amidst prevailing geopolitical tensions and a global economic slowdown. His remarks offered a beacon of hope, outlining a pathway towards fiscal......

Morocco's Debt Woes: A Disturbing Position on IMF's Borrowers List

Morocco has been thrust into the global spotlight as one of the leading debtors to the International Monetary Fund (IMF), ranking 17th globally with a staggering $1.34 billion owed to the financial institution. This revelation, based on recent data analyzed by Insider Monkey, sheds light on the Kingdom's......