IMF to open aid talks with Tunisia
Photo: File
The International Monetary Fund is sending a team to Tunisia next week to begin formal talks on a new financial aid package, an IMF official said on Friday. The North African nation has been in preliminary discussions with the global lender for a new loan to save an economy ravaged by years of high unemployment, inflation and public debt even pre-dating its 2011 revolution. “An IMF mission will be in Tunis from July 4 to initiate negotiations on an IMF-supported programme,” an IMF spokesperson told AFP. “The IMF remains a strong partner of Tunisia.” The heavily indebted country, reeling from price hikes on imports such as oil and wheat since Russia-Ukraine war, is seeking €2b loan, according to a source with knowledge of the preliminary talks.
Published in The Express Tribune, July 3rd, 2022.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.