Home   |   UMA   |   Conventions & Agreements   |   Meetings   |   Press   |   Statistics   |   Photos gallery    
  Contact | Site map | Useful links | FAQ عربي | Français 
  General Secretary Cabinet
  General secretariat
  Marking Events
  Business opportunities
  Just appeared
  Money Converter

  UMA News :  
IMF urges Maghreb states to integrate economies Print  Send
18 November 2008
Source : Reuters
North African countries should overcome political obstacles and cooperate more closely to ensure their economies grow, International Monetary Fund Managing Director Dominique Strauss-Kahn said on Tuesday.

There is huge potential for the five member countries of the Arab Maghreb Union to spur growth and trade for their more than 80 million people but lack of greater cooperation is stunting growth possibilities, he told a news conference in Tunisia.

"The IMF strongly backs Maghreb economic integration because we are convinced that such integration is a factor of significant development," Strauss-Kahn added.

He said the global financial crisis would cut growth in the region by between 1 and 1.5 percentage points, with OPEC members Algeria and Libya more affected by the crisis because their oil-dependent economies were more linked to the ailing global economy.

"The Maghreb region should feel the global crisis less than others. There should be quite significant growth in the region in 2009," he added. He did not give an absolute figure for the region's expected growth.

The AMU, comprising Algeria, Libya, Morocco, Mauritania and Tunisia, was set up in 1989 in the hope of creating a free trade zone and closer diplomatic cooperation....

  Articles :

All Articles  
05/06/2010 :
Secretary General of Arab Maghreb Union Arrives in Jamahiriya

08/05/2010 :
Arab Maghreb Union: creation of remote sensing and early warning systems

17/02/2010 :
21st anniversary of the proclamation of the Arab Maghreb Union (AMU),

17/02/2010 :
The 21st anniversary of the proclamation of the Arab Maghreb Union (AMU)

30/12/2009 :
Maghreb Bank for Investment and Foreign Trade to be created

28/12/2009 :
Arab Maghreb Union Foreign Affairs Commission meets in Tripoli

06/12/2009 :
Second edition of Maghreb Fair kicks off in Tripoli

05/05/2009 :
Maghreb health ministers hold emergency swine flu meeting

30/03/2009 :
Maghreb FMs examine coordination of stances

20/02/2009 :
Morocco hosts first cross-Maghreb road safety workshop



To receive the monthly newsletter of the UMA please be registered Registered
Take part in the UMA Forums
Studies and publications
Action plan Under regional of Fight against Desertification in the Maghreb
    Sg.uma@maghrebarabe.org             73, Rue Tensift Agdal Rabat - Morocco         Tel.: +212 537 6813 71/72/73/74         Fax: +212 537 681 377
By 3wDev.ma