Tunisia has been in urgent need of international help for months as it grapples with a crisis in public finances that has raised fears it may default on debt and has contributed to shortages of food and fuel, according to government critics.
“The agreement is an important step for Tunisia’s public finances and will allow Tunisia to borrow from some bilateral sources,” a senior Tunisian official said on condition of anonymity. This month the central bank governor told Reuters that bilateral financing talks were progressing with Saudi Arabia.
It is subject to the approval of the IMF board, which is scheduled to discuss Tunisia’s programme request in December, the fund said.Political uncertainty and militant attacks had hit vital tourism revenues even before the challenges of the COVID-19 pandemic and global commodities squeeze from the Ukraine war.
The government negotiated for months with the IMF and had to also to sign an agreement with the UGTT to limit public sector wage increases over the next three years.
...and they are completely finished
Lmao 😂
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Source: SABCNews - 🏆 37. / 51 Read more »
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