World Bank | Tags | Econostrum | Economic News in the Mediterranean

Tunisia accumulates bad economic results

09/08/2022 | Society / Institutions

TUNISIA. Inflation, trade balance, budget balance, foreign exchange reserve, all the indicators of Tunisia are going to red.

balance of trade, budget balance, butter, coffee, economic performance, flour, foreign exchange reserves, inflation, milk, shortage, sugar, Tunisia, Tunisia's economic situation, Tunisian Trade Office, World Bank

Egypt's central bank governor throws in the towel amid economic meltdown

08/18/2022 | Society / Institutions

EGYPT. Tareq Amer, Governor of the Central Bank of Egypt, has decided to resign one year before the end of his mandate. His country is experiencing a serious economic crisis.

Abdel-Fattah Sissi, Cairo, CBE, Central Bank of Egypt, Covid-19, Egypt, Egyptian economy, GlobalMarkets, IMF, International Monetary Fund, Russia, Tareq Amer, Ukraine, World Bank

IMF urges Egypt to speed up fiscal and structural reforms

07/28/2022 | Society / Institutions

EGYPT. The International Monetary Fund (IMF) has said that Egypt, which is seeking a loan extension, must make "decisive progress" in fiscal and structural reforms.

Black Sea, Bretton Woods, Cairo, Egypt, IMF, International Monetary Fund, Istanbul, Russia, Sameh Shukri, Sergei Lavrov, Sissi, Solidarity and dignity program, Ukraine, UN, World Bank

Lebanon threatens to expel Syrian refugees if it does not get $3.2bn in international aid

06/21/2022 | Society / Institutions

LEBANON. The Lebanon Crisis Response Plan 2022-2023 is to raise $3.2 billion in aid from its participants to support Syrian and Palestinian host families and refugees.

Beirut, Hector Hajjar, humanitarian aid, LCRP, Lebanon, Lebanon Crisis Response Plan, Najat Rochdi, Najib Mikati, Olivier De Schutter, Palestine, refugees, Syria, UN Refugee Agency, UNHCR, United Nations, World Bank

Lebanon to import gas from Egypt to fuel its power plants

06/20/2022 | Society / Institutions

LEBANON / EGYPT. Lebanon is to sign an agreement described as "definitive" to import gas from Egypt and solve electricity shortages that have plagued the country for years.

Bretton Woods, EDL, Egypt, electricity, electricity of Lebanon, fuel, Jordan, Lebanon, Syria, United States, Washington, World Bank

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.

Morocco lacks water

04/05/2022 | Environment

MOROCCO. Exceptional drought, strong demographic growth, rapid urbanisation, overexploitation of water tables, choice of an agriculture that consumes a lot of water... Morocco has reached a dead end.

agriculture, dams, desalination plants, drought, global warming, irrigation, Morocco, water, water tables, World Bank

Afric'Agora, a place to welcome African companies, will be set up in Marseille in the summer of 2022

03/31/2022 | Services

MEDITERRANEAN / AFRICA. Supported by the Chamber of Commerce and Industry of Aix-Marseille-Provence and the Africalink network of entrepreneurs, the Afric'Agora project is going to be created in Marseille to welcome African companies and encourage their relations with their French counterparts. Frédéric Ronal, its promoter within the CCIAMP, tells us about it.

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

Entrepreneurship in the Euro-Mediterranean region continues to have a male face

03/08/2022 | Society / Institutions

MEDITERRANEAN. The first report of the Intergovernmental Monitoring Mechanism for Gender Equality in the Euro-Mediterranean Region published by the Union for the Mediterranean (UfM) provides a forty-six page overview of the position of women in society.

CMI and Femise identify post-covid opportunities in five Mediterranean countries

03/03/2022 | Society / Institutions

MEDITERRANEAN. The Centre for Mediterranean Integration and Femise explore in a report the opportunities to be seized, after the health, social and economic crisis of Covid-19, to foster growth and deepen regional cooperation in the Mediterranean region.

Aix-Marseille School of Economics, Aix-Marseille University, Algeria, AMSE, AMU, Asia, Blanca Moreno-Dodson, Bruno Ventelou, Cairo, Centre for Mediterranean Integration, China, CIHEAM, CMI, Constantin Tsakas, Covid-19, Economic Research Forum, Economy, Egypt, Enhancing Mediterranean Integration, ERF, EU, Euro-Mediterranean Forum of Economic Sciences Institutes, Europe, European Union, Femise, food security, health, informal economy, integration, Jordan, Maryse Louis, Mediterranean, Mena, Michael Grasiorek, Middle East North Africa, Morocco, near-shoring, OECD, Patricia Augier, Pierre Blanc, Post Covid-19: opportunities for growth, Post Covid-19: Opportunities for growth, regional value chains and Mediterranean integration, Sami Mouley, Trading Together, Tunisia, UN, Unops, value chains, World Bank

Creact4Med aiming to boost creative industries in Mediterranean

02/01/2022 | Development models in Mediterranean

Coordinated by the Euro-Mediterranean Economists Association, the European Creact4Med project intends to highlight the important role played by cultural and creative industries in the Southern Mediterranean. Version française

The World Bank prescribes to Tunisia an improvement of the business climate

01/25/2022 | Society / Institutions

TUNISIA. In an economic bulletin on Tunisia, entitled "Economic reforms to emerge from the crisis", the World Bank calls for the "implementation of decisive structural reforms" and the "improvement of the business climate".

Alexandre Arrobbio, business climate, Covid-19, economic recovery in Tunisia, economic reforms to overcome the crisis, tourism, Tunisia, unemployment, World Bank

Lebanese justice prohibits the governor of the Central Bank of Lebanon to leave the country

01/13/2022 | Society / Institutions

LEBANON. Riad Salamé, Governor of the Central Bank of Lebanon, is facing several legal proceedings in his country, but also in France, Switzerland and Luxembourg. He has been banned from leaving Lebanon by a court order.

Accountability now, Amanior, BDL, Beirut, Central Bank of Lebanon, Collective of Victims of Fraudulent and Criminal Practices in Lebanon, financial crimes, France, Gallup, Ghada Aoun, Governor of the Central Bank of Lebanon, ICIJ, International Consortium of Investigative Journalists, Lebanon, Merrill Lynch, Michel Aoun, money laundering, Mount Lebanon, Najib Mikati, Panama Papers, Pandora Papers, Paris, Parquet du Luxembourg, Parquet national financier, People want reform of the system, PNF, Ponzi pyramid, Rafic Hariri, Riad Salamé, Saad Hariri, Switzerland, Syria, Toscana, Transparency International, Trident Trust, World Bank

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

IFC and Proparco finance the expansion of Moroccan Dolidol

12/23/2021 | Industry

MOROCCO. The Moroccan bedding specialist Dolidol signs two loans for a total amount of €20M with the International Finance Corporation and Proparco to support its development in Nigeria and its good environmental practices in Morocco.

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

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.

Inflation in the Mediterranean

12/02/2021 | Society / Institutions

MEDITERRANEAN. The situation varies from worrying to dramatic depending on the country.

Algeria, Egypt, Europe, Eurostat, France, Greece, inflation, Italy, Lebanon, Malta, Mediterranean, Morocco, Portugal, Spain, Tunisia, Turkey, World Bank

Recep Tayyip Erdogan's economic strategy causes the pound to plunge

11/24/2021 | Society / Institutions

Turkey. While the inflation rate would impose a rise in interest rates, the President of Turkey forces the Central Bank to lower them.

inflation rate, Recep Tayyip Erdogan, Turkey, Turkish Central Bank, Turkish lira, World Bank