{"id":42295,"date":"2022-07-05T05:48:36","date_gmt":"2022-07-05T05:48:36","guid":{"rendered":"https:\/\/www.africannewspaper.net\/2022\/07\/05\/talks-with-imf-for-new-financing-program-start-monday-the-north-africa-post\/"},"modified":"2022-07-05T05:48:42","modified_gmt":"2022-07-05T05:48:42","slug":"talks-with-imf-for-new-financing-program-start-monday-the-north-africa-post","status":"publish","type":"post","link":"https:\/\/www.africannewspaper.net\/2022\/07\/05\/talks-with-imf-for-new-financing-program-start-monday-the-north-africa-post\/","title":{"rendered":"Talks with IMF for new financing program start Monday \u2013 The North Africa Post"},"content":{"rendered":"\n
According to a source at Central Bank of Tunisia, the formal talks between Tunisia and the International Monetary Fund are set to begin Monday. The goal is to establish a credit line that will be used to support the economy of North Africa’s slowing economy.<\/p>\n
The Washington-based international financial institution team is expected to arrive in Tunis on Monday.<\/p>\n
During talks, the parties will determine the amount of credit facility. Last month, the North African country mentioned a $4 billion loan from IMF.<\/p>\n
The pandemic has severely affected the country’s economy. The deficit in the national 2022-2023 budget is over $2 billion.<\/p>\n
The political crisis is the backdrop for the talks. The IMF requested that President Kais Saied’s government submit a list of reforms. The reforms are rejected by the country\u2019s most powerful labor union, UGTT.<\/p>\n
The union claims that reforms will make the economic situation worse and more painful. The UGTT accuses the IMF of wanting to rule Tunisia.<\/p>\n<\/div>\n