Tunisian lawmakers look set to initiate a law that would remove the exclusivity of the central bank in setting the benchmark interest rate, essentially ending the bank’s monetary policy independence. The bill suggests that the central bank should only set the interest rate after the approval of the government. The short-termism of the government in dealing with the ongoing economic issues has contrasted with the concern of the central bank in ensuring price stability. President Kais Saied has sometimes criticized the central bank which did not agree with his plan to directly fund the state budget.
The Libyan Administrative Control Authority (ACA) has urged a halt to public sector hiring and contracts amid surging wage costs.
Tunisians protested on Tuesday in the capital on the 14th anniversary of the uprising that sparked the Arab Spring revolts
The World Bank, the World Health Organization and the UN Children’s Fund have signed an $82 million agreement to
According to the Central Bank of Egypt, foreign trade reached approximately $104.7bn in the fiscal year 2023/2024. This
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.
