Marrakech is hosting the annual meetings of the Bretton Woods institutions in October. This is after being unable to convene in Morocco in 2021 due to the COVID-19 pandemic.
The venue choice is seen as a nod to Morocco's impressive economic development and influential role as an Arab, African and Mediterranean country of growing strategic importance.
IMF and World Bank policies are outdated and need to be reformed. They have only caused more misery and credit addiction in borrowing countries. Al Majalla explains.
Globalization is an extremely ambiguous term that has been redefined and re-constructed. The champions of globalization define it as the phenomena of increasing integration and interaction among…
In mid-April, the MENA growth forecast of the World Bank anticipated that the economies of Arab oil exporter countries “are expected to grow by 5.2% in 2022, the fastest rate since 2016, on the back…
The photo accompanying this text reflects the times when Tunisia, strong in its achievements and its financial reputation, held the vice presidency of the annual meetings of the IMF and the World…
The World Bank and the International Monetary Fund (IMF) are intergovernmental institutions founded in 1944 which greatly influence world development and financial order. They are also known as the…
World Bank has rejected El Salvador’s decision to adopt Bitcoin as legal tender, noting that it would have dire economic consequences. It refused to provide any kind of assistance for the country’s…
The World Bank has recently warned that economies of the Middle East and North Africa (MENA) region are suffering a sudden accumulation of public debt owing to challenges caused by the coronavirus …
Rosh Hashanah is a special festival that celebrates Jewish New Year. It literally means 'head of the year' and it is a celebration of the creation of the world and marks making a fresh start. The…
In a wide-ranging interview with Al Majalla, Michael Mainelli discusses Saudi-UK ties, investments in AI and renewable energy and describes Saudi Vision 2030 as 'amazing and ambitious'
Intended as a means of avoiding future deadly conflagrations, nations' refusal to impose sanctions and targeted countries' ability to circumvent them made them ineffective in many cases
After a devastating fire in 2019, this 1,000-year-old symbol of French pride and identity is nearing its reopening, yet few know its connection to Syria's Qalb Lozeh and Middle Eastern architecture