IMF delegation visits Tunisia to begin loan negotiations – central bank

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, United States, as IMF Managing Director Christine Lagarde meets with Argentine Treasury Minister Nicolas Dujovne on 4 September 2018. REUTERS/Yuri Gripas

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TUNIS, July 1 (Reuters) – A delegation from the International Monetary Fund will visit Tunisia on Monday to start talks on a loan programme, a central bank official told Reuters on Friday.

This follows the completion of technical talks between the IMF and Tunisia, said central bank spokesman Zied Mouhli.

Tunisia, which is facing a financial crisis, is seeking to strike a loan deal in return for an unpopular package of reforms to shore up its struggling public finances.

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The IMF last week welcomed the economic reforms proposed by the Tunisian government and said it was ready to start negotiations in the coming weeks.

“The reform program announced by the government has several advantages, such as increased credibility, greater chances of success than in the past,” Jihad Azour, director of the Middle East and Central Asia department, said last week. funds.

“After months of technical discussions with the Tunisian authorities, the IMF is ready to start negotiations on the program in the coming weeks,” he added.

Tunisia’s reform plan includes freezing wages, halting public sector hiring, cutting energy and food subsidies, and selling off shares in state-owned companies.

The powerful UGTT union, which has around 1 million members, strongly opposes the proposed program and last month launched a nationwide strike in state-owned enterprises. He said he planned to repeat the action.

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Reporting by Tarek Amsara; Editing by Richard Chang

Our standards: The Thomson Reuters Trust Principles.

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