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The Lebanese street can now count on thirteen MPs to make its voice heard

The Lebanese street can now count on thirteen MPs to make its voice heard
05/17/2022 | Society / Institutions
LEBANON. The final results of the Lebanese legislative elections show a decline of the parliamentary bloc constituted by Hezbollah, the Amal movement and the Free Patriotic Current which loses its majority.
Amal, Azm, CPL, Elias Jarada, Firas Hamdan, FL, Free Patriotic Current, Hassan Diab, Hezbollah, IMF, International Monetary Fund, Lebanese Forces, Lebanese parliamentary elections, Lebanon, Michel Aoun, Nabih Berri, Najib Mikati, Olivier De Schutter, Saad Hariri, Samir Geagea, Saudi Arabia, UN, United Nations

The EBRD forecasts a slowdown in economic growth in the South and East of the Mediterranean

The EBRD forecasts a slowdown in economic growth in the South and East of the Mediterranean
05/10/2022 | Society / Institutions
MEDITERRANEAN. In its latest regional outlook report, the European Bank for Reconstruction and Development foresees a strong impact of the war in Ukraine in the SEMED region with a slowdown of 2.5% in 2022.
EBRD, economic situation, Egypt, European Bank for Reconstruction and Development, IMF, International Monetary Fund, Jordan, Lebanon, Mediterranean, Morocco, REP, Semed, Southern and Eastern Mediterranean Region, Tunisia, Ukraine

Greece pays all its debt to the IMF in advance

Greece pays all its debt to the IMF in advance
05/03/2022 | Society / Institutions
GREECE. Two years ahead of schedule, Greece is repaying the final €1.85bn of its debt to the International Monetary Fund.
Bretton Woods, Christos Staikouras, ESM, Eurogroup, European Commission, European Stability Mechanism, European Union, Eurostat, Eurozone, FRR, Greece, Greek debt, Greek economy, Greek recovery plan, Hercules, IMF, International Monetary Fund, Kyriakos Mitsotakis, Recovery and Resilience Facility, S&P

Kaïs Saïed promises legislative elections in Tunisia "on the basis of a new voting system"

Kaïs Saïed promises legislative elections in Tunisia "on the basis of a new voting system"
04/12/2022 | Society / Institutions
TUNISIA. While his country is in the midst of an economic, social and political crisis, the Tunisian president Kaïs Saïed continues to control the State while promising legislative elections in December 2022 after having decided to dissolve the Parliament.
ARP, Assembly of People's Representatives, Centre d'Étude et de Réflexion sur le Monde Francophone, CERMF, Ennahdha, GDP Tunisia, Hichem Mechichi, IMF, INS, Institut national de la statistique tunisienne, International Monetary Fund, Kaïs Saïed, Libya, Martyrs' Day, Mohammed Al-Huweij, Najla Bouden Rhomdane, Rached Ghannouchi, Samir Saied, Tunis, Tunisia, Tunisian economy, Tunisian politics, World Bank, Zine el-Abidine Ben Ali, Zuwara

Egypt seeks further IMF support to underpin its comprehensive economic programme

Egypt seeks further IMF support to underpin its comprehensive economic programme
03/24/2022 | Society / Institutions
EGYPT. Faced with the development of the war in Ukraine and its consequences on their country, the Egyptian authorities are launching a comprehensive economic programme and requesting new financial assistance from the International Monetary Fund.
Argentina, Bretton-Woods, Cairo, Covid-19, Céline Allard, EFF, Egypt, Egyptian economy, Egyptian pound, Extended Fund Facility, fast-track financing instrument, grain, IFR, IMF, inflation, International Monetary Fund, Mena, Middle East North Africa, Russia, SBA, tourism, Ukraine

Tunisia achieved an economic growth of 3.1% in 2021

Tunisia achieved an economic growth of 3.1% in 2021
03/17/2022 | Society / Institutions
TUNISIA. According to the Tunisian National Institute of Statistics, after a GDP in decline of 8,7% in 2020, the Tunisian economic growth recorded an increase of 3,1% in 2021.
Covid-19, IMF, INS, International Monetary Fund, Tunisia, Tunisia GDP, Tunisian economy, Tunisian National Institute of Statistics, WB, World Bank

Lebanon's central bank tracks down fraudsters

Lebanon's central bank tracks down fraudsters
03/09/2022 | Services
LEBANON. The Central Bank of Lebanon is asking the country's commercial banks to provide the names of political figures who have not complied with a circular ordering them to repatriate funds sent abroad to avoid the country's collapse in 2019.
Amanior, banks, Banque du Liban, BDL, Cedar country, Central Bank of Lebanon, corruption, Forry Associates Limited, France, ICII, IMF, International Consortium of Investigative Journalists, International Monetary Fund, Lebanon, Luxembourg, Panama Papers, Pandora papers, Ponzi scheme, Raja Salamé, Riad Salamé, Sherpa, Switzerland, The people want a reform of the system, Toscana, Trident Trust

Lebanon's political paralysis could be defused

Lebanon's political paralysis could be defused
01/06/2022 | Society / Institutions
LEBANON. According to Lebanese Prime Minister Najib Mikati, the Parliament could soon vote the 2022 budget, allowing the Council of Ministers to meet again after three months of paralysis.
Amal, António Guterres, Fadi Sawan, Hezbollah, IMF, International Monetary Fund, Lebanese book, Lebanese economy, Lebanese politics, Lebanon, Michel Aoun, Najib Mikati, politics, Tareq Bitar, World Bank

UN Secretary General raises his voice in Lebanon

UN Secretary General raises his voice in Lebanon
12/20/2021 | Society / Institutions
LEBANON. Visiting Lebanon, Guterres calls on political leaders to restore the economy, government and effective institutions.
António Guterres, Banque du Liban, Beirut, Bretton Woods, IMF, International Monetary Fund, Jerry, World Bank

Turkish lira's fall still fuels inflation chapter

Turkish lira's fall still fuels inflation chapter
12/17/2021 | Society / Institutions
TURKEY. The low interest rate policy advocated by Recep Tayyip Erdogan is leading to a surge in inflation and an inexorable fall in the Turkish lira.
AKP, Berat Albayrak, China, Christine Lagarde, Erkan Kilimci, G20, IMF, International Monetary Fund, Moody's, Murat Cetinkaya, Murat Uysal, Naci Agbal, Nureddin Nebati, Recep Tayyip Erdogan, S&P, TCMB, Turkey, Turkish Central Bank, Turkish economy, Turkish Lira, Turkish Statistical Institute, TÜIK, Türkiye Cumhuriyet Merkez Bankasi, Şahap Kavcıoğlu

Algeria signs $300m cheque to help Tunisia

Algeria signs $300m cheque to help Tunisia
12/16/2021 | Society / Institutions
TUNISIA / ALGERIA. In official visit in Tunis, the Algerian president Abdelmadjid Tebboune granted an agreement of loan of 300 M$ to his counterpart Kaïs Saïed.
Abdelmadjid Tebboune, African Development Bank, Algeria, Algeria-Tunisia relations, Algiers, Ayman Ben Abderrahmane, BCT, Central Bank of Tunisia, Centre d'Etude et de Réflexion sur le Monde Francophone, CERMF, Congo, Covid-19, economy, economy of Tunisia, Egypt, IMF, International Monetary Fund, Kaïs Saïed, Saudi Arabia, Tunis, Tunisia, United Arab Emirates, World Bank

The Mediterranean tries to counter the Omicron variant

The Mediterranean tries to counter the Omicron variant
11/30/2021 | Society / Institutions
LEBANON. A step seems to be on the verge of being taken, but the obstacles are still numerous because the elites in power slow down the process to protect their interests.
BDL, Central Bank of Lebanon, IMF, International Monetary Fund, Lebanese public debt, Lebanon, Michel Aoun, Riad Salamé, Saadé Chami

Perhaps a hope for an agreement between Lebanon and the IMF

Perhaps a hope for an agreement between Lebanon and the IMF
11/30/2021 | Society / Institutions
LEBANON. A step seems to be on the verge of being taken, but the obstacles are still numerous because the elites in power slow down the process to protect their interests.
BDL, Central Bank of Lebanon, IMF, International Monetary Fund, Lebanese public debt, Lebanon, Michel Aoun, Riad Salamé, Saadé Chami

Algeria joins the EBRD as a shareholder

Algeria joins the EBRD as a shareholder
10/25/2021 | Society / Institutions
ALGERIA. Algeria becomes the sixty-third shareholder of the European Bank for Reconstruction and Development (EBRD) and will be able to benefit from its financial aid and support for its reforms.
AfDB, African Development Bank, Algeria, delmadjid Tebboune, EBRD, Egypt, EIB, European Bank for Reconstruction and Development, IMF, International Monetary Fund, Jordan, Lebanon, Libya, Mediterranean, Morocco, Nigeria, Odile Renaud-Basso, Semed, Tunisia, World Bank

New Tunisian government to focus on fighting corruption

New Tunisian government to focus on fighting corruption
10/14/2021 | Society / Institutions
TUNISIA. After a reign without sharing of the president Kaïs Saïed since the end of July 2021, a new government was named in Tunisia led by Najla Bouden.
ARP, Assembly of People's Representatives, corruption, Fethi Selouati, Hichem Mechichi, IMF, International Monetary Fund, Kaïs Saïed, Leïla Jaffel, Najla Bouden, Othman Jarandi, Palais de Carthage, Samir Saïd, Sihem Boughdiri, Taoufik Charfeddine, Tunisia, Tunisian government

Lebanon's new government faces crucial challenges

Lebanon's new government faces crucial challenges
09/13/2021 | Society / Institutions
LEBANON. With his new team presented, the new Prime Minister Najib Mikati immediately set about trying to resolve the economic and social crisis facing his country and hoping for the release of conditional international aid.
BDL, Central Bank of Lebanon, Covid-19, Emmanuel Macron, Hassan Diab, IMF, International Monetary Fund, Kristalina Georgieva, Lebanon SDR, Michel Aoun, Najib Mikati, Port of Beirut

IMF Special Drawing Rights offer a breath of fresh air to Egypt, Morocco and Tunisia

IMF Special Drawing Rights offer a breath of fresh air to Egypt, Morocco and Tunisia
08/23/2021 | Society / Institutions
EGYPT / MOROCCO / TUNISIA. Egypt, Morocco and Tunisia have been allocated $2.9bn, $1.3bn and $775.8m respectively, in the first allocation of Special Drawing Rights (SDRs) from the International Monetary Fund since 2009. It is also the largest allocation ever.
Abdellatif Jouahri, Bank Al-Maghrib, dirham, dollar, Egypt, euro, finance, IMF, International Monetary Fund, Kaïs Saïed, Kristalina Georgieva, Moroccan Central Bank, Morocco, pound sterling, renminbi, SDR, Special Drawing Rights, Tunisia, Tunisian dinar, yen, yuan

Tunisian President Kaïs Saïed assumes full powers

Tunisian President Kaïs Saïed assumes full powers
07/27/2021 | Society / Institutions
TUNISIA. Ten years after the Jasmine revolution, seven years after the vote of a new constitution, is the Tunisian government succumbing to the temptation of returning to dictatorship after the freezing of the activities of the Parliament, the dismissal of the Prime Minister and the lifting of the immunity of the deputies?
Arab News, AstraZeneca, BCT, Beirut, Central Bank of Tunisia, Covax, Covid-19, Crédit Agricole, Delta, Ennahdha, FFP2, Fitch, health crisis, health crisis in Tunisia, Hichem Mechichi, IMF, International Monetary Fund, Janssen, Johns Hopkins University, Lebanon, Moody's, Nissaf Ben Alaya, Oliver le Cabellec, Palais de Carthage, pandemic, politics, Rached Ghannouchi, Tunis, Tunisia, Tunisian economy, Yves Souteyrand

EBRD predicts 3.5% growth in 2021 for Southern and Eastern Mediterranean countries

EBRD predicts 3.5% growth in 2021 for Southern and Eastern Mediterranean countries
06/29/2021 | Society / Institutions
MEDITERRANEAN. The European Bank for Reconstruction and Development is revising upwards its regional economic outlook for the Southern and Eastern Mediterranean countries, which should see growth of 3.5% in 2021.
Beata Javorcik, Covid-19, EBRD, Egypt, GDP, IMF, International Monetary Fund, Jordan, Lebanon, Mediterranean, Morocco, Semed, Southern and Eastern Mediterranean Countries (SEMC), Tunisia


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About Econostrum.info Econostrum.info is an independent media that deals with the daily economic news of the countries bordering the Mediterranean. Economic cooperation, business news by sector (Industry, Services, Transport, Environment, Society/Institutions), thematic files, airport news, airlines and shipping companies (new destinations)... are treated and analysed by a team of journalists present in the Mediterranean basin.
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