Official.. start of negotiations between Tunisia and the International Monetary Fund next Monday

On Friday, Radio Mosaique reported, citing official sources at the Central Bank of Tunisia, that an International Monetary Fund delegation would visit the country from Monday, July 4, 2022.

The radio reported that the visit marks the official start of negotiations with the Tunisian authorities for a $4 billion loan.

Jihad Azur, Director of the Middle East and Central Asia Department of the International Monetary Fund, confirmed that the Fund welcomes the reform program recently announced by the government, given that this program provides a number of benefits presented in enhancing ownership and increasing trust. , which makes the chances of success higher than it has been in the past, the International Monetary Fund said in a statement on Wednesday, June 22, 2022.

Tunisia is in talks with the International Monetary Fund to start negotiations on a financing program in exchange for a reform package proposed by the government.

The government is proposing a reform program regarding the payroll, tax reform, reform of public institutions and the subsidy system.

The reforms announced by the government are met with great resistance, especially from the General Union of Tunisia, and in particular with regard to the abolition of subsidies and state-owned companies.

The government maintains that it does not intend to eliminate the subsidy but is gradually channeling it to those who deserve it, and confirms that its reform program does not include any plans to compromise state institutions.

Director of the Middle East and Central Asia Department of the International Monetary Fund Jihad Azur visited Tunisia on June 20 and 21, 2022, during which he met with President Qais Saeed to discuss the government’s economic reform program, as well as with Prime Minister Najla. Boden and a number of representatives of civil society.

Source: Tunisian Radio Mosaic.

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