Tunisia warns IMF against red lines as talks for loan continue – The North Africa Post

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Tunisia’s Overseas Minister Nabil Ammar indicated Thursday that the North African nation remains to be in talks with the Worldwide Financial Fund (IMF) for a $1.9-bllion mortgage, however warned there are crimson strains to not cross.

“Tunisia won’t break off negotiations with the IMF and its companions, however there isn’t any query of crossing crimson strains, notably these linked to the safety of the weak courses and the nation’s stability,” he advised native media Mozaique FM.

Tunisia is dealing with an financial downturn owing to the affect of the pandemic. The nation is at the moment in talks with the Worldwide Financial Fund (IMF) for a $1.9-billion mortgage to complement the nationwide funds dealing with a deficit of $2 billion.

The mortgage is connected to a string of circumstances and reforms rejected by the nation’s highly effective labor union, UGTT. Ammar’s remarks echoed these of Social Affairs Minister Malek Ezzahi, earlier this month. Ezzahi indicated that the reforms won’t be carried out on the detriment of underprivileged segments of the inhabitants.

Tunisia’s President Kais Saied final month indicated that his nation will finish talks with the IMF and the World Financial institution that he accused of hijacking the sovereignty of nations.

Supply: north africa post

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