The Tunisian government hopes to start official negotiations in coming weeks with the International Monetary Fund for a $4 billion loan, its finance minister said, as the country suffers from its worst financial crisis.
Tunisia is seeking the loan to avoid public financial bankruptcy, but it would mean committing to unpopular reforms, including freezing wages and cutting energy and food subsidies.
For the latest headlines, follow our Google News channel online or via the app.
The powerful UGTT labor union has rejected such reforms and called for a national strike at public companies and the public service.
During the Davos conference in Switzerland this week, Tunisian Prime Minister Najla Bouden met IMF Managing Director Kristalina Georgieva.
“The Bouden and Georgieva meeting was fruitful and positive... The meeting was about the government reform program, which the fund described as promising”, the finance minister Sihem Boughdiri told reporters.
Tunisian union calls national strike, rejects president Saied’s moveTunisia’s powerful labor union said on Monday it would hold a national strike over wages and the economy after refusing to take part in a limited ... North Africa
Tunisian parties vow to fight President Saied’s ‘autocratic rule’Tunisia’s political parties pledged to fight President Kais Saied’s decision to exclude them from key political reforms including the drafting of a ... North Africa
Tunisia’s President Saied excludes parties from preparing new constitutionTunisian President Kais Saied named a law professor to head an advisory committee to draft a new constitution for a “new republic,” the presidency ... North Africa
Tunisia economy grows by 2.4 pct in Q1 2022Tunisia’s economy grew by 2.4 percent in the first quarter of this year, driven by growth in the tourism and agriculture sectors, the state statistics ... Economy
Foreign investment in Tunisia up 73 pct in first quarter, says agencyForeign investments in Tunisia rose by 73 percent in the first three months of 2022 compared to the same period a year earlier, the Foreign Investment ... Economy
Tunisia’s foreign currency reserves rise to $8 billionTunisia’s foreign currency reserves rose to $8 billion, or 130 days’ worth of imports, boosted by a rise in remittances from workers abroad and a $700 ... Economy
IMF working with Egypt, Tunisia to offset effects of Russia-Ukraine warThe International Monetary Fund (IMF) is working with Egypt and Tunisia to establish a new program in both countries to offset the negative growth ... Middle East