An International Monetary Fund mission will visit Tunisia on March 27 to discuss the fifth review of a loan program with the country, Minister of Economic Reform Tawfik Rajhi said on Tuesday.
The visit comes two months after the government raised the wages of about 670,000 public employees, a decision the IMF had discouraged in order to cut Tunisia’s budget deficit.
“The IMF mission will visit Tunisia from March 27 to April 9 for discussions on the fifth review of the loan program,” Rajhi told Reuters.
Tunisia struck a deal with the IMF in December 2016 for a loan program worth around $2.8 billion to overhaul its ailing economy. It included steps to cut chronic deficits and trim bloated public services, but progress has been slow.
Tunisia has so far received $1.4 billion of the total loan.
IMF mission in Tunisia next week to discuss fifth review of loan