Global Warming of 1.5°C Report considered at the IPCC meeting this week would definitely throw the ball in the court of the world leaders. Intergovernmental Panel on Climate Change considers 1.5°C report October 2, 2018 by IPCC The Intergovernmental Panel on Climate Change (IPCC) opened a meeting on Monday to consider its special report Global […]
The World Economic Forum latest views in The Arab World Competitiveness Report 2018 explores as it is noted, the MENA region’s trends, challenges and opportunities for its so called Arab countries. It explains how: The Arab World is at a critical juncture, and while it has ambitious economic and social reforms meant all to bring […]
Per one of the Gulf’s local media recent publications, Qatar’s competitive economy OK’d by world institutions gets this global endorsement whilst since June last year, the country is still under Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic, financial and trade links blockade with land, air and sea borders closed. This situation […]
World Bank’s Report on Algeria’s reserves going down ?
The World Bank released last July 2016 an alarming report on the Algerian economy, elaborating on Algeria’s Foreign Exchange Reserves Volatility continuing as a result of the durable drop in the price of oil.
Algerian foreign exchange reserves have been estimated at $56 billion in 2005, $77.78 billion in 2006, $110 billion in 2007. $138.35 billion dollars in 2008, $147.2 billion in 2009 to end 2010 at $157 billion, $188.8 billion in 2011, $190.66 in 2012, $194 billion in 2013, $179.9 billion in 2014, $152 billion by end of 2015, and according to the report by the IMF in April 2016, at $113.3 billion in 2016 (that covers 22.2 months of imports) and $92.3 billion in 2017.
The World Bank is expected this week to approve its New “Environmental and Social Framework”. Many groups are alleging this would weaken human rights protections and / or even endanger the very communities these new rules were intended to protect. Apparently, a series of contradictions that allegedly strengthens the oversight authority of those local governments that are pushing large development projects despite opposition of their own poor and indigenous communities is at the root of the objections to these new rules.